Martingale Asset Management L P Sells 45,733 Shares of Loews Co. (NYSE:L)

Martingale Asset Management L P decreased its holdings in shares of Loews Co. (NYSE:L - Free Report) by 17.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 215,388 shares of the insurance provider's stock after selling 45,733 shares during the period. Martingale Asset Management L P owned approximately 0.10% of Loews worth $18,241,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in L. Janus Henderson Group PLC boosted its stake in Loews by 33.2% during the 3rd quarter. Janus Henderson Group PLC now owns 25,249 shares of the insurance provider's stock worth $1,996,000 after acquiring an additional 6,300 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in Loews by 15.2% in the third quarter. Integrated Wealth Concepts LLC now owns 3,114 shares of the insurance provider's stock worth $246,000 after purchasing an additional 411 shares during the period. National Bank of Canada FI boosted its position in shares of Loews by 71.9% during the third quarter. National Bank of Canada FI now owns 104,949 shares of the insurance provider's stock worth $8,296,000 after purchasing an additional 43,906 shares in the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of Loews by 5.1% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,617 shares of the insurance provider's stock valued at $1,472,000 after buying an additional 901 shares during the period. Finally, MML Investors Services LLC raised its stake in Loews by 7.0% during the 3rd quarter. MML Investors Services LLC now owns 10,717 shares of the insurance provider's stock worth $847,000 after buying an additional 701 shares during the period. Institutional investors and hedge funds own 58.33% of the company's stock.

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Analysts Set New Price Targets

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

Insider Buying and Selling

In other Loews news, Director Jonathan M. Tisch sold 50,000 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $84.66, for a total transaction of $4,233,000.00. Following the transaction, the director now owns 6,755,529 shares of the company's stock, valued at $571,923,085.14. The trade was a 0.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan M. Tisch sold 3,691 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were 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. Over the last 90 days, insiders sold 151,327 shares of company stock worth $12,851,055. 18.70% of the stock is owned by insiders.

Loews Stock Up 0.3 %

Shares of L traded up $0.24 during midday trading on Friday, hitting $84.61. The stock had a trading volume of 1,386,381 shares, compared to its average volume of 737,046. The firm has a market cap of $17.80 billion, a price-to-earnings ratio of 13.22 and a beta of 0.60. The company has a 50 day simple moving average of $85.95 and a two-hundred day simple moving average of $84.01. Loews Co. has a twelve month low of $72.91 and a twelve month high of $92.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34.

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

Loews Dividend Announcement

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