O Keefe Stevens Advisory Inc. Decreases Stock Holdings in Loews Co. (NYSE:L)

O Keefe Stevens Advisory Inc. decreased its holdings in shares of Loews Co. (NYSE:L) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,214 shares of the insurance provider’s stock after selling 320 shares during the period. Loews comprises approximately 4.3% of O Keefe Stevens Advisory Inc.’s holdings, making the stock its 7th largest position. O Keefe Stevens Advisory Inc.’s holdings in Loews were worth $13,823,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in Loews by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,611,751 shares of the insurance provider’s stock valued at $127,409,000 after purchasing an additional 8,615 shares in the last quarter. Intech Investment Management LLC lifted its stake in shares of Loews by 8.0% during the 3rd quarter. Intech Investment Management LLC now owns 137,566 shares of the insurance provider’s stock valued at $10,875,000 after buying an additional 10,213 shares in the last quarter. Swedbank AB boosted its holdings in Loews by 8.8% in the 3rd quarter. Swedbank AB now owns 379,647 shares of the insurance provider’s stock worth $30,011,000 after buying an additional 30,600 shares during the period. PNC Financial Services Group Inc. increased its stake in Loews by 47.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 37,319 shares of the insurance provider’s stock worth $2,950,000 after buying an additional 12,070 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Loews by 7.5% in the fourth quarter. Nordea Investment Management AB now owns 15,619 shares of the insurance provider’s stock valued at $1,323,000 after acquiring an additional 1,085 shares in the last quarter. 58.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded Loews from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th.

Insider Buying and Selling

In other Loews news, Director Andrew H. Tisch sold 50,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $83.26, for a total value 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 trade represents a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Charles M. Diker sold 1,146 shares of Loews stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $86.83, for a total transaction of $99,507.18. Following the sale, the director now owns 19,906 shares of the company’s stock, valued at $1,728,437.98. The trade was a 5.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 133,679 shares of company stock worth $11,134,916 over the last three months. 18.70% of the stock is owned by insiders.

Loews Trading Up 0.2 %

Shares of NYSE L opened at $86.27 on Friday. The stock has a market capitalization of $18.79 billion, a P/E ratio of 11.46 and a beta of 0.83. Loews Co. has a 1-year low of $70.59 and a 1-year high of $87.45. The business’s 50 day moving average is $84.42 and its two-hundred day moving average is $80.82. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.34 and a quick ratio of 0.34.

Loews Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Wednesday, November 27th were issued a dividend of $0.0625 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.25 annualized dividend and a yield of 0.29%. Loews’s payout ratio is presently 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.