Dark Forest Capital Management LP Grows Stake in Loews Co. (NYSE:L)

Dark Forest Capital Management LP increased its position in Loews Co. (NYSE:L - Free Report) by 118.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 12,388 shares of the insurance provider's stock after buying an additional 6,714 shares during the period. Dark Forest Capital Management LP's holdings in Loews were worth $1,049,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Halbert Hargrove Global Advisors LLC bought a new stake in Loews in the 4th quarter valued at $26,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Loews in the third quarter worth about $49,000. Human Investing LLC bought a new position in Loews during the fourth quarter valued at approximately $51,000. Graney & King LLC bought a new stake in Loews in the 4th quarter worth approximately $56,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of Loews during the 4th quarter worth approximately $68,000. Hedge funds and other institutional investors own 58.33% of the company's stock.

Loews Trading Down 1.1 %

NYSE L traded down $0.94 during trading hours on Friday, hitting $85.30. 447,499 shares of the company were exchanged, compared to its average volume of 733,568. Loews Co. has a 52 week low of $73.15 and a 52 week high of $92.42. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. The stock has a 50-day moving average price of $86.11 and a 200 day moving average price of $84.50. The stock has a market cap of $17.94 billion, a PE ratio of 13.33 and a beta of 0.60.

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 return on equity of 8.04% and a net margin of 8.08%.

Loews Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders 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 annualized dividend and a dividend yield of 0.29%. Loews's dividend payout ratio (DPR) is presently 3.91%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Loews news, Director Jonathan M. Tisch sold 47,636 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $84.88, for a total value of $4,043,343.68. Following the transaction, the director now owns 6,705,529 shares of the company's stock, valued at $569,165,301.52. This represents a 0.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 value of $320,710.99. The disclosure for this sale can be found here. In the last ninety days, insiders sold 151,327 shares of company stock valued at $12,851,055. Company insiders own 18.70% of the company's stock.

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.