Generali Asset Management SPA SGR Takes Position in Loews Co. (NYSE:L)

Generali Asset Management SPA SGR acquired a new position in shares of Loews Co. (NYSE:L - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 3,373 shares of the insurance provider's stock, valued at approximately $286,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC acquired a new position in Loews in the fourth quarter valued at $26,000. Brooklyn Investment Group acquired a new position in shares of Loews in the third quarter valued at approximately $40,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Loews during the third quarter worth approximately $49,000. Human Investing LLC acquired a new stake in shares of Loews during the fourth quarter worth $51,000. Finally, Intact Investment Management Inc. purchased a new position in Loews in the 4th quarter valued at $68,000. Institutional investors and hedge funds own 58.33% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Loews from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th.

Loews Price Performance

Shares of L traded up $0.66 during mid-day trading on Tuesday, hitting $89.17. The company's stock had a trading volume of 832,555 shares, compared to its average volume of 662,541. The firm has a 50-day simple moving average of $85.35 and a 200 day simple moving average of $83.12. Loews Co. has a 1-year low of $72.91 and a 1-year high of $88.66. The firm has a market capitalization of $18.98 billion, a P/E ratio of 13.93 and a beta of 0.80. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50.

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Loews (NYSE:L - Get Free Report) last issued its earnings results on Monday, February 10th. The insurance provider reported $0.86 EPS for the quarter. Loews had a net margin of 8.08% and a return on equity of 8.04%.

Loews Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th were issued a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.25 dividend on an annualized basis and a yield of 0.28%. Loews's dividend payout ratio (DPR) is presently 3.91%.

Insider Activity

In other Loews news, Director Jonathan M. Tisch sold 50,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $85.08, for a total transaction of $4,254,000.00. Following the sale, the director now owns 7,105,529 shares in the company, valued at approximately $604,538,407.32. This represents a 0.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan M. Tisch sold 3,691 shares of the business's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total value of $320,710.99. The disclosure for this sale can be found here. In the last three months, insiders sold 158,860 shares of company stock worth $13,486,463. Company insiders own 18.70% of the company's stock.

Loews Company Profile

Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers specialty insurance products, such as management and professional liability, and other coverage products; surety and fidelity bonds; property insurance products that include standard and excess property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto, surplus, and umbrella coverages.