Natixis Advisors LLC Reduces Stock Holdings in Loews Co. (NYSE:L)

Natixis Advisors LLC decreased its position in Loews Co. (NYSE:L - Free Report) by 9.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,114 shares of the insurance provider's stock after selling 6,506 shares during the quarter. Natixis Advisors LLC's holdings in Loews were worth $5,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

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Wall Street Analysts Forecast Growth

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

Insider Transactions at Loews

In related news, Director Jonathan M. Tisch sold 3,691 shares of the firm's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $86.89, for a total transaction of $320,710.99. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jonathan M. Tisch sold 47,636 shares of Loews stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $84.88, for a total transaction of $4,043,343.68. Following the completion of the transaction, the director now directly owns 6,705,529 shares in the company, valued at approximately $569,165,301.52. The trade was a 0.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 158,860 shares of company stock valued at $13,486,463. 18.70% of the stock is currently owned by corporate insiders.

Loews Trading Up 1.5 %

Shares of NYSE:L traded up $1.33 on Wednesday, hitting $90.52. 676,839 shares of the company's stock were exchanged, compared to its average volume of 662,600. The stock has a market capitalization of $19.27 billion, a price-to-earnings ratio of 14.14 and a beta of 0.80. Loews Co. has a 12 month low of $72.91 and a 12 month high of $90.89. 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 business's 50 day simple moving average is $85.47 and its two-hundred day simple moving average is $83.19.

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

Loews Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.28%. The ex-dividend date was Wednesday, February 26th. Loews's dividend payout ratio is 3.91%.

Loews Company 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.