Los Angeles Capital Management LLC Raises Holdings in Loews Co. (NYSE:L)

Los Angeles Capital Management LLC increased its position in Loews Co. (NYSE:L) by 20.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 228,070 shares of the insurance provider’s stock after acquiring an additional 38,078 shares during the quarter. Los Angeles Capital Management LLC owned about 0.10% of Loews worth $15,871,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lindbrook Capital LLC boosted its holdings in shares of Loews by 41.4% in the fourth quarter. Lindbrook Capital LLC now owns 611 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 179 shares during the period. Optas LLC grew its holdings in Loews by 2.4% during the 3rd quarter. Optas LLC now owns 7,615 shares of the insurance provider’s stock valued at $482,000 after buying an additional 181 shares in the last quarter. Chase Investment Counsel Corp increased its position in shares of Loews by 0.5% during the fourth quarter. Chase Investment Counsel Corp now owns 36,553 shares of the insurance provider’s stock valued at $2,543,000 after buying an additional 190 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Loews by 4.3% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,839 shares of the insurance provider’s stock worth $337,000 after buying an additional 199 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its stake in Loews by 5.5% during the third quarter. Coldstream Capital Management Inc. now owns 3,856 shares of the insurance provider’s stock valued at $244,000 after acquiring an additional 201 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors.

Insider Transactions at Loews

In other Loews news, insider Jonathan M. Tisch sold 4,287 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $71.91, for a total transaction of $308,278.17. Following the sale, the insider now owns 106,870 shares in the company, valued at $7,685,021.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Loews news, insider Jonathan M. Tisch sold 4,287 shares of Loews stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $71.91, for a total transaction of $308,278.17. Following the transaction, the insider now directly owns 106,870 shares of the company’s stock, valued at $7,685,021.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul J. Fribourg sold 951 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $75.02, for a total transaction of $71,344.02. Following the completion of the sale, the director now directly owns 21,200 shares of the company’s stock, valued at approximately $1,590,424. The disclosure for this sale can be found here. Insiders have sold 137,563 shares of company stock valued at $10,052,551 in the last quarter. Insiders own 18.70% of the company’s stock.

Loews Price Performance

NYSE L traded down $0.13 on Friday, hitting $76.40. The stock had a trading volume of 588,721 shares, compared to its average volume of 677,608. The firm has a 50-day moving average of $75.86 and a 200-day moving average of $71.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.32 and a current ratio of 0.32. Loews Co. has a 52-week low of $55.94 and a 52-week high of $78.55. The company has a market capitalization of $16.98 billion, a price-to-earnings ratio of 12.13 and a beta of 0.82.

Loews (NYSE:L) last issued its quarterly earnings data on Monday, February 5th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter. Loews had a return on equity of 9.18% and a net margin of 9.02%. The company had revenue of $4.26 billion for the quarter.

Loews Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Wednesday, February 21st were paid a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $0.25 dividend on an annualized basis and a yield of 0.33%. Loews’s dividend payout ratio is presently 3.97%.

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.