Brandywine Global Investment Management LLC Lowers Position in Loews Co. (NYSE:L)

Brandywine Global Investment Management LLC decreased its position in shares of Loews Co. (NYSE:L) by 7.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,674 shares of the insurance provider’s stock after selling 10,713 shares during the quarter. Brandywine Global Investment Management LLC owned 0.06% of Loews worth $11,236,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC raised its holdings in Loews by 10.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,237 shares of the insurance provider’s stock worth $105,000 after purchasing an additional 119 shares during the period. Wedmont Private Capital increased 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 buying an additional 151 shares in the last quarter. Mather Group LLC. increased 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 buying an additional 161 shares in the last quarter. Perigon Wealth Management LLC raised its stake in shares of Loews by 5.9% during the 4th quarter. Perigon Wealth Management LLC now owns 3,306 shares of the insurance provider’s stock worth $285,000 after buying an additional 183 shares during the period. Finally, Aaron Wealth Advisors LLC lifted its position in shares of Loews by 5.8% during the 4th quarter. Aaron Wealth Advisors LLC now owns 3,568 shares of the insurance provider’s stock valued at $302,000 after buying an additional 196 shares in the last quarter. 58.33% of the stock is owned by hedge funds and other institutional investors.

Loews Price Performance

NYSE:L opened at $91.95 on Tuesday. The stock has a 50 day moving average of $85.89 and a two-hundred day moving average of $83.54. Loews Co. has a 12 month low of $72.91 and a 12 month high of $92.35. The firm has a market cap of $19.57 billion, a P/E ratio of 14.37 and a beta of 0.80. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50.

Loews (NYSE:L) last posted its quarterly earnings data 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 was paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th were paid a dividend of $0.0625 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.25 annualized dividend and a yield of 0.27%. Loews’s dividend payout ratio is presently 3.91%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Loews from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th.

Insider Buying and Selling at Loews

In other Loews news, Director Jonathan M. Tisch sold 3,691 shares of the business’s stock in a transaction dated 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 document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan M. Tisch sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $85.08, for a total transaction of $4,254,000.00. Following the sale, the director now owns 7,105,529 shares of the company’s stock, valued at $604,538,407.32. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 158,860 shares of company stock worth $13,486,463. 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.