Public Employees Retirement System of Ohio Sells 6,667 Shares of Loews Co. (NYSE:L)

Public Employees Retirement System of Ohio decreased its holdings in shares of Loews Co. (NYSE:L - Free Report) by 8.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,502 shares of the insurance provider's stock after selling 6,667 shares during the period. Public Employees Retirement System of Ohio's holdings in Loews were worth $5,889,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of L. Brooklyn Investment Group purchased a new stake in shares of Loews in the third quarter valued at about $40,000. Eastern Bank purchased a new stake in shares of Loews in the third quarter valued at about $47,000. Kimelman & Baird LLC purchased a new stake in shares of Loews in the second quarter valued at about $45,000. Family Firm Inc. purchased a new stake in shares of Loews in the second quarter valued at about $46,000. Finally, Innealta Capital LLC purchased a new stake in Loews during the second quarter worth about $51,000. Institutional investors and hedge funds own 58.33% of the company's stock.

Insider Activity at Loews

In other news, Director Charles M. Diker sold 1,146 shares of the business's stock in a transaction 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 sale, the director now owns 19,906 shares in the company, valued at approximately $1,728,437.98. The trade was a 5.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Andrew H. Tisch sold 75,000 shares of the company's stock in a transaction dated Tuesday, November 12th. The stock was 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 owns 12,089,677 shares in the company, valued at approximately $1,005,377,539.32. The trade was a 0.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 126,146 shares of company stock valued at $10,499,507 over the last three months. 18.70% of the stock is owned by corporate insiders.

Loews Price Performance

Shares of L stock traded up $0.23 during trading hours on Friday, reaching $84.18. The stock had a trading volume of 782,686 shares, compared to its average volume of 714,051. The stock's fifty day simple moving average is $82.50 and its 200 day simple moving average is $79.38. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.48. Loews Co. has a 12 month low of $67.20 and a 12 month high of $87.45. The firm has a market capitalization of $18.33 billion, a PE ratio of 11.18 and a beta of 0.83.

Loews Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Wednesday, November 27th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date was Wednesday, November 27th. Loews's dividend payout ratio is currently 3.32%.

Analysts Set New Price Targets

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

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.