St. James Investment Company LLC Sells 14,879 Shares of Loews Co. (NYSE:L)

St. James Investment Company LLC lessened its position in shares of Loews Co. (NYSE:L - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 474,797 shares of the insurance provider's stock after selling 14,879 shares during the quarter. Loews comprises 6.9% of St. James Investment Company LLC's holdings, making the stock its 4th biggest position. St. James Investment Company LLC owned 0.22% of Loews worth $40,211,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Miracle Mile Advisors LLC purchased a new stake in shares of Loews during the fourth quarter worth about $315,000. Nordea Investment Management AB grew its position in Loews by 7.5% during the 4th quarter. Nordea Investment Management AB now owns 15,619 shares of the insurance provider's stock worth $1,323,000 after purchasing an additional 1,085 shares during the last quarter. Bank of New York Mellon Corp grew its position in Loews by 6.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,287,833 shares of the insurance provider's stock worth $109,067,000 after purchasing an additional 77,386 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Loews in the fourth quarter worth $440,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Loews during the fourth quarter worth $425,000. Hedge funds and other institutional investors own 58.33% of the company's stock.

Wall Street Analysts Forecast Growth

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

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Loews Stock Performance

NYSE L traded down $0.80 during trading hours on Thursday, reaching $91.23. The stock had a trading volume of 371,352 shares, compared to its average volume of 749,654. Loews Co. has a 52-week low of $72.91 and a 52-week high of $92.42. The stock has a fifty day moving average of $86.16 and a 200 day moving average of $83.69. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market cap of $19.42 billion, a P/E ratio of 14.26 and a beta of 0.80.

Loews (NYSE:L - Get Free Report) last released its quarterly earnings data 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 disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.27%. Loews's payout ratio is currently 3.91%.

Insider Activity

In related news, Director Jonathan M. Tisch sold 3,691 shares of the business's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $86.89, for a total value of $320,710.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andrew H. Tisch sold 7,533 shares of the firm's 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 sale, the director now owns 1,568,191 shares in the company, valued at approximately $132,276,910.85. This represents a 0.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 158,860 shares of company stock valued at $13,486,463 in the last quarter. 18.70% of the stock is currently owned by company insiders.

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.