Loews Co. (NYSE:L) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in shares of Loews Co. (NYSE:L - Free Report) by 22.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,160 shares of the insurance provider's stock after selling 28,662 shares during the quarter. Victory Capital Management Inc.'s holdings in Loews were worth $8,313,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Venturi Wealth Management LLC grew its position in shares of Loews by 10.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,237 shares of the insurance provider's stock valued at $105,000 after purchasing an additional 119 shares in the last quarter. Wedmont Private Capital grew its position in shares of Loews by 5.2% in the fourth quarter. Wedmont Private Capital now owns 3,065 shares of the insurance provider's stock valued at $249,000 after purchasing an additional 151 shares in the last quarter. Summit Trail Advisors LLC grew its position in shares of Loews by 2.6% in the third quarter. Summit Trail Advisors LLC now owns 6,038 shares of the insurance provider's stock valued at $477,000 after purchasing an additional 153 shares in the last quarter. Mather Group LLC. grew its position in shares of Loews by 7.7% in the fourth quarter. Mather Group LLC. now owns 2,248 shares of the insurance provider's stock valued at $190,000 after purchasing an additional 161 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its position in Loews by 5.9% in the fourth quarter. Perigon Wealth Management LLC now owns 3,306 shares of the insurance provider's stock worth $285,000 after acquiring an additional 183 shares during the period. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

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

Loews Trading Down 0.7 %

Loews stock traded down $0.59 during mid-day trading on Tuesday, hitting $86.83. The company's stock had a trading volume of 614,660 shares, compared to its average volume of 653,314. The firm has a market capitalization of $18.48 billion, a PE ratio of 13.57 and a beta of 0.80. Loews Co. has a 1 year low of $72.91 and a 1 year high of $88.29. 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 stock's fifty day moving average is $84.85 and its two-hundred day moving average is $82.91.

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

Loews Dividend Announcement

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

Insider Transactions at Loews

In other news, Director Jonathan M. Tisch sold 47,636 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $84.88, for a total transaction of $4,043,343.68. Following the completion of the transaction, the director now directly owns 6,705,529 shares in the company, valued at $569,165,301.52. This trade represents a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Andrew H. Tisch sold 7,533 shares of the firm's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $84.35, for a total value of $635,408.55. Following the transaction, the director now owns 1,568,191 shares of the company's stock, valued at approximately $132,276,910.85. This represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 158,860 shares of company stock worth $13,486,463 over the last ninety days. Company insiders own 18.70% of the company's stock.

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.