Loews Co. (NYSE:L) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in shares of Loews Co. (NYSE:L) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,669 shares of the insurance provider’s stock after selling 926 shares during the period. Amalgamated Bank’s holdings in Loews were worth $2,936,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of L. Venturi Wealth Management LLC increased its stake in Loews by 10.6% during the fourth 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 stake in Loews by 5.2% during the 4th quarter. Wedmont Private Capital now owns 3,065 shares of the insurance provider’s stock worth $249,000 after buying an additional 151 shares during the period. Summit Trail Advisors LLC lifted its holdings in Loews by 2.6% during the 3rd quarter. Summit Trail Advisors LLC now owns 6,038 shares of the insurance provider’s stock worth $477,000 after buying an additional 153 shares in the last quarter. Mather Group LLC. boosted its position in Loews by 7.7% in the 4th 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 during the period. Finally, Perigon Wealth Management LLC grew its stake in shares of 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 in the last quarter. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Loews Stock Performance

Shares of L opened at $86.56 on Friday. The stock has a 50-day simple moving average of $84.60 and a 200-day simple moving average of $82.44. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.34. Loews Co. has a 1 year low of $72.91 and a 1 year high of $88.29. The stock has a market capitalization of $18.43 billion, a PE ratio of 13.53 and a beta of 0.83.

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

Loews Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.29%. Loews’s payout ratio is currently 3.91%.

Insider Activity at Loews

In related news, Director Andrew H. Tisch sold 7,533 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $84.35, for a total value of $635,408.55. Following the transaction, the director now directly owns 1,568,191 shares of the company’s stock, valued at $132,276,910.85. This trade represents a 0.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $320,710.99. The disclosure for this sale can be found here. Insiders have sold 62,370 shares of company stock valued at $5,309,627 over the last quarter. 18.70% of the stock is owned by insiders.

Analysts Set New Price Targets

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

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.