Levin Capital Strategies L.P. Has $9.75 Million Position in Loews Co. (NYSE:L)

Levin Capital Strategies L.P. increased its holdings in shares of Loews Co. (NYSE:L - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,085 shares of the insurance provider's stock after buying an additional 3,868 shares during the period. Levin Capital Strategies L.P. owned 0.05% of Loews worth $9,747,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of L. Assenagon Asset Management S.A. increased its stake in Loews by 345.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 296,538 shares of the insurance provider's stock valued at $25,114,000 after purchasing an additional 229,965 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in Loews by 92.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,484 shares of the insurance provider's stock valued at $37,745,000 after purchasing an additional 229,956 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Loews by 22.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 569,156 shares of the insurance provider's stock valued at $44,992,000 after purchasing an additional 105,810 shares in the last quarter. Barclays PLC increased its stake in Loews by 13.1% in the third quarter. Barclays PLC now owns 752,380 shares of the insurance provider's stock valued at $59,473,000 after purchasing an additional 87,259 shares in the last quarter. Finally, State Street Corp increased its stake in Loews by 1.0% in the third quarter. State Street Corp now owns 8,077,241 shares of the insurance provider's stock valued at $638,506,000 after purchasing an additional 82,581 shares in the last quarter. 58.33% of the stock is owned by institutional investors.

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Analyst Ratings Changes

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

Loews Stock Up 0.4 %

Shares of Loews stock traded up $0.33 on Wednesday, hitting $85.40. The company had a trading volume of 663,923 shares, compared to its average volume of 717,389. The firm has a market capitalization of $18.18 billion, a P/E ratio of 13.34 and a beta of 0.83. Loews Co. has a twelve month low of $72.91 and a twelve month high of $88.29. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a 50-day moving average of $84.69 and a 200-day moving average of $82.60.

Loews (NYSE:L - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $0.86 earnings per share 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 declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th will be issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Wednesday, February 26th. Loews's dividend payout ratio (DPR) is presently 3.91%.

Insider Activity

In related news, Director Jonathan M. Tisch sold 50,000 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $85.08, for a total transaction of $4,254,000.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan M. Tisch sold 3,691 shares of the stock in a transaction on Thursday, February 6th. The stock was 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 sold 61,224 shares of company stock worth $5,210,120 over the last quarter. 18.70% of the stock is currently owned by company insiders.

About Loews

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.