Loews Co. (NYSE:L) Holdings Raised by Ossiam

Ossiam lifted its stake in Loews Co. (NYSE:L - Free Report) by 29,966.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,158 shares of the insurance provider's stock after buying an additional 26,071 shares during the quarter. Ossiam's holdings in Loews were worth $2,215,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Halbert Hargrove Global Advisors LLC purchased a new position in Loews in the fourth quarter worth about $26,000. Human Investing LLC bought a new position in shares of Loews during the 4th quarter valued at approximately $51,000. Wilmington Savings Fund Society FSB purchased a new stake in Loews during the 3rd quarter valued at $49,000. Graney & King LLC bought a new stake in Loews in the fourth quarter worth $56,000. Finally, Intact Investment Management Inc. purchased a new position in Loews during the fourth quarter worth $68,000. Institutional investors own 58.33% of the company's stock.

Loews Price Performance

Shares of Loews stock traded down $0.94 during trading hours on Friday, reaching $85.30. The stock had a trading volume of 427,799 shares, compared to its average volume of 732,350. Loews Co. has a twelve month low of $73.15 and a twelve month high of $92.42. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $17.94 billion, a PE ratio of 13.33 and a beta of 0.60. The stock's 50 day moving average is $86.08 and its 200 day moving average is $84.40.

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

Loews Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend was Wednesday, February 26th. Loews's dividend payout ratio is currently 3.91%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Loews

In other news, Director Jonathan M. Tisch sold 50,000 shares of Loews stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $85.08, for a total transaction of $4,254,000.00. Following the completion of the transaction, the director now owns 7,105,529 shares of the company's stock, valued at $604,538,407.32. The trade was a 0.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jonathan M. Tisch sold 3,691 shares of Loews 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 disclosure for this sale can be found here. Insiders sold a total of 151,327 shares of company stock valued at $12,851,055 in the last ninety days. 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.