Corient Private Wealth LLC Lowers Stock Position in Loews Co. (NYSE:L)

Corient Private Wealth LLC reduced its position in shares of Loews Co. (NYSE:L - Free Report) by 12.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 56,300 shares of the insurance provider's stock after selling 7,720 shares during the quarter. Corient Private Wealth LLC's holdings in Loews were worth $4,768,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of L. Assenagon Asset Management S.A. boosted its holdings in Loews by 345.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 296,538 shares of the insurance provider's stock worth $25,114,000 after acquiring an additional 229,965 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Loews by 92.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,484 shares of the insurance provider's stock worth $37,745,000 after buying an additional 229,956 shares in the last quarter. Amundi boosted its stake in shares of Loews by 9.7% in the 4th quarter. Amundi now owns 1,012,829 shares of the insurance provider's stock worth $84,602,000 after buying an additional 89,902 shares during the last quarter. Barclays PLC increased its position in shares of Loews by 13.1% during the third quarter. Barclays PLC now owns 752,380 shares of the insurance provider's stock valued at $59,473,000 after acquiring an additional 87,259 shares during the last quarter. Finally, State Street Corp boosted its position in Loews by 1.0% in the third quarter. State Street Corp now owns 8,077,241 shares of the insurance provider's stock worth $638,506,000 after purchasing an additional 82,581 shares during the last quarter. Institutional investors and hedge funds own 58.33% of the company's stock.

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Analyst Ratings Changes

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

Insider Transactions at Loews

In other Loews news, Director Andrew H. Tisch sold 7,533 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $84.35, for a total value of $635,408.55. Following the sale, the director now directly owns 1,568,191 shares in the company, valued at $132,276,910.85. This represents a 0.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jonathan M. Tisch sold 3,691 shares of the business's stock in a transaction 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 sold 158,860 shares of company stock worth $13,486,463 over the last quarter. Corporate insiders own 18.70% of the company's stock.

Loews Stock Performance

Shares of NYSE:L traded up $1.33 during mid-day trading on Wednesday, reaching $90.52. The company had a trading volume of 676,839 shares, compared to its average volume of 662,600. The company's 50-day moving average price is $85.47 and its 200-day moving average price is $83.19. Loews Co. has a one year low of $72.91 and a one year high of $90.89. The firm has a market cap of $19.27 billion, a price-to-earnings ratio of 14.14 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.

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

Loews Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were paid 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 0.28%. Loews's payout ratio is 3.91%.

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.