Kentucky Retirement Systems Insurance Trust Fund Boosts Stock Holdings in Loews Co. (NYSE:L)

Kentucky Retirement Systems Insurance Trust Fund lifted its position in shares of Loews Co. (NYSE:L - Free Report) by 100.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,831 shares of the insurance provider's stock after acquiring an additional 5,437 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in Loews were worth $917,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brooklyn Investment Group acquired a new position in shares of Loews during the third quarter worth about $40,000. Eastern Bank acquired a new position in Loews during the third quarter worth about $47,000. Human Investing LLC acquired a new position in Loews during the fourth quarter worth about $51,000. Wilmington Savings Fund Society FSB acquired a new position in Loews during the third quarter worth about $49,000. Finally, Venturi Wealth Management LLC grew its position in Loews by 10.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,237 shares of the insurance provider's stock worth $105,000 after buying an additional 119 shares during the period. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Loews Price Performance

L traded down $0.26 on Friday, hitting $82.72. 916,724 shares of the company were exchanged, compared to its average volume of 698,688. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.34. The business's fifty day moving average is $84.37 and its 200 day moving average is $82.12. Loews Co. has a fifty-two week low of $72.91 and a fifty-two week high of $88.29. The firm has a market capitalization of $17.61 billion, a P/E ratio of 12.93 and a beta of 0.83.

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Loews (NYSE:L - Get Free Report) last released its quarterly 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th will be given a $0.0625 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.25 annualized dividend and a dividend yield of 0.30%. Loews's dividend payout ratio is presently 3.91%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, Director Charles M. Diker sold 1,146 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $86.83, for a total transaction of $99,507.18. Following the transaction, the director now owns 19,906 shares of the company's stock, valued at approximately $1,728,437.98. This represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jonathan M. Tisch sold 3,691 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $86.89, for a total transaction of $320,710.99. The disclosure for this sale can be found here. Insiders have sold 12,370 shares of company stock worth $1,055,627 over the last ninety days. 18.70% of the stock is currently owned by insiders.

Loews 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.