Assenagon Asset Management S.A. Has $25.11 Million Position in Loews Co. (NYSE:L)

Assenagon Asset Management S.A. increased its stake in shares of Loews Co. (NYSE:L - Free Report) by 345.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 296,538 shares of the insurance provider's stock after acquiring an additional 229,965 shares during the period. Assenagon Asset Management S.A. owned about 0.14% of Loews worth $25,114,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of L. Brooklyn Investment Group bought a new position in shares of Loews in the 3rd quarter valued at about $40,000. Kimelman & Baird LLC acquired a new stake in Loews in the 2nd quarter valued at about $45,000. Eastern Bank bought a new position in Loews during the third quarter worth about $47,000. Wilmington Savings Fund Society FSB acquired a new position in Loews during the third quarter worth approximately $49,000. Finally, Quest Partners LLC acquired a new stake in shares of Loews in the third quarter valued at approximately $129,000. 58.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Loews from a "strong-buy" rating to a "buy" rating in a report on Wednesday, November 20th.

Insider Transactions at Loews

In other 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 completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Andrew H. Tisch sold 75,000 shares of Loews stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $83.16, for a total transaction of $6,237,000.00. Following the completion of the transaction, the director now directly owns 12,089,677 shares in the company, valued at $1,005,377,539.32. This trade represents a 0.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 133,679 shares of company stock valued at $11,134,916. 18.70% of the stock is currently owned by company insiders.

Loews Stock Performance

Shares of Loews stock traded up $0.19 during trading on Friday, reaching $86.27. The company's stock had a trading volume of 553,974 shares, compared to its average volume of 715,898. Loews Co. has a 52 week low of $70.59 and a 52 week high of $87.45. The firm has a market cap of $18.79 billion, a PE ratio of 11.46 and a beta of 0.83. The business's 50-day moving average price is $84.42 and its 200-day moving average price is $80.82. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.48.

Loews Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 27th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.29%. Loews's payout ratio is presently 3.32%.

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.