O Shaughnessy Asset Management LLC Sells 558 Shares of Loews Co. (NYSE:L)

O Shaughnessy Asset Management LLC trimmed its holdings in Loews Co. (NYSE:L) by 1.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 46,295 shares of the insurance provider’s stock after selling 558 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Loews were worth $3,921,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Norges Bank bought a new position in Loews in the fourth quarter valued at about $623,493,000. Assenagon Asset Management S.A. lifted its stake in shares of Loews by 345.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 296,538 shares of the insurance provider’s stock worth $25,114,000 after purchasing an additional 229,965 shares during the period. Boston Partners boosted its holdings in shares of Loews by 16.9% in the fourth quarter. Boston Partners now owns 1,499,417 shares of the insurance provider’s stock worth $126,983,000 after buying an additional 217,115 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Loews during the fourth quarter valued at approximately $12,727,000. Finally, Amundi increased its holdings in Loews by 9.7% during the fourth quarter. Amundi now owns 1,012,829 shares of the insurance provider’s stock valued at $84,602,000 after buying an additional 89,902 shares during the last quarter. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Insider Buying and Selling at Loews

In other Loews 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 transaction of $635,408.55. Following the completion of the transaction, the director now owns 1,568,191 shares in the company, valued at $132,276,910.85. This trade represents a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan M. Tisch sold 47,636 shares of the stock in a transaction dated Thursday, March 13th. The shares were 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 of the company’s stock, valued at approximately $569,165,301.52. The trade was a 0.71 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 158,860 shares of company stock worth $13,486,463. Insiders own 18.70% of the company’s stock.

Loews Price Performance

NYSE L opened at $92.13 on Thursday. 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 Co. has a 12 month low of $72.91 and a 12 month high of $92.42. The stock has a market cap of $19.61 billion, a price-to-earnings ratio of 14.40 and a beta of 0.80. The company’s 50 day moving average is $86.16 and its two-hundred day moving average is $83.69.

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

Loews Announces Dividend

The business also recently announced 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 payout ratio is 3.91%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Loews from a “buy” rating to a “hold” rating in a research note 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.