QRG Capital Management Inc. Trims Position in Loews Co. (NYSE:L)

QRG Capital Management Inc. trimmed its position in Loews Co. (NYSE:L - Free Report) by 4.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,247 shares of the insurance provider's stock after selling 4,805 shares during the quarter. QRG Capital Management Inc. owned about 0.05% of Loews worth $9,506,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in L. Brooklyn Investment Group bought a new position in shares of Loews in the third quarter worth about $40,000. Wilmington Savings Fund Society FSB bought a new position in Loews in the 3rd quarter worth approximately $49,000. Human Investing LLC purchased a new stake in Loews during the 4th quarter valued at approximately $51,000. Venturi Wealth Management LLC raised its position in shares of Loews by 10.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,237 shares of the insurance provider's stock valued at $105,000 after buying an additional 119 shares during the last quarter. Finally, Principal Securities Inc. lifted its holdings in shares of Loews by 24.4% in the fourth quarter. Principal Securities Inc. now owns 1,440 shares of the insurance provider's stock worth $122,000 after buying an additional 282 shares in the last quarter. Institutional investors own 58.33% of the company's stock.

Insider Transactions at Loews

In other Loews news, Director Andrew H. Tisch sold 7,533 shares of Loews stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $84.35, for a total transaction of $635,408.55. Following the completion of the transaction, the director now directly owns 1,568,191 shares of the company's stock, valued at $132,276,910.85. The trade was a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan M. Tisch sold 50,000 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $85.08, for a total transaction of $4,254,000.00. Following the transaction, the director now owns 7,105,529 shares in the company, valued at $604,538,407.32. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 61,224 shares of company stock worth $5,210,120 in the last three months. Insiders own 18.70% of the company's stock.

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Loews Price Performance

Loews stock traded up $0.39 during midday trading on Monday, reaching $87.06. 714,621 shares of the stock traded hands, compared to its average volume of 716,445. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. Loews Co. has a 12 month low of $72.91 and a 12 month high of $88.29. The stock's fifty day moving average is $84.60 and its 200-day moving average is $82.48. The stock has a market cap of $18.53 billion, a P/E ratio of 13.60 and a beta of 0.83.

Loews (NYSE:L - Get Free Report) last posted its earnings results on Monday, February 10th. The insurance provider reported $0.86 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 will be paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.29%. Loews's payout ratio is currently 3.91%.

Wall Street Analyst Weigh In

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

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.