SG Americas Securities LLC Has $125,000 Stock Holdings in Loews Co. (NYSE:L)

SG Americas Securities LLC cut its stake in shares of Loews Co. (NYSE:L - Free Report) by 97.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,473 shares of the insurance provider's stock after selling 57,604 shares during the period. SG Americas Securities LLC's holdings in Loews were worth $125,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in shares of Loews in the 3rd quarter valued at $40,000. Eastern Bank bought a new position in Loews during the third quarter worth about $47,000. Wilmington Savings Fund Society FSB acquired a new position in Loews in the third quarter valued at about $49,000. Quest Partners LLC bought a new stake in shares of Loews in the third quarter worth about $129,000. Finally, Blue Trust Inc. raised its position in shares of Loews by 240.5% during the third quarter. Blue Trust Inc. now owns 2,360 shares of the insurance provider's stock worth $176,000 after purchasing an additional 1,667 shares during the period. Institutional investors own 58.33% of the company's stock.

Insider Transactions at Loews

In other news, Director Andrew H. Tisch sold 50,000 shares of the company's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $83.26, for a total transaction of $4,163,000.00. Following the sale, the director now owns 11,939,677 shares in the company, valued at $994,097,507.02. This represents a 0.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Charles M. Diker sold 1,146 shares of the firm'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 completion of the transaction, the director now directly owns 19,906 shares of the company's stock, valued at $1,728,437.98. This represents a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 62,370 shares of company stock valued at $5,218,627 in the last ninety days. 18.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Loews from a "buy" rating to a "hold" rating in a research report on Tuesday.

Loews Stock Down 2.2 %

Shares of NYSE:L traded down $1.88 during midday trading on Wednesday, reaching $82.97. 1,004,988 shares of the company were exchanged, compared to its average volume of 685,950. The firm has a market cap of $18.07 billion, a PE ratio of 11.02 and a beta of 0.83. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.48. Loews Co. has a fifty-two week low of $72.50 and a fifty-two week high of $88.29. The stock has a fifty day simple moving average of $84.65 and a two-hundred day simple moving average of $81.93.

Loews (NYSE:L - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $0.86 EPS for the quarter. Loews had a return on equity of 9.70% and a net margin of 9.71%.

Loews Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Wednesday, February 26th. Loews's dividend payout ratio (DPR) is currently 3.32%.

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.