Strs Ohio Has $3.09 Million Position in Loews Co. (NYSE:L)

Strs Ohio reduced its holdings in Loews Co. (NYSE:L) by 1.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 44,396 shares of the insurance provider’s stock after selling 607 shares during the quarter. Strs Ohio’s holdings in Loews were worth $3,089,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Kinneret Advisory LLC raised its holdings in Loews by 2.3% in the first quarter. Kinneret Advisory LLC now owns 7,244 shares of the insurance provider’s stock worth $470,000 after purchasing an additional 162 shares during the period. Optas LLC boosted its position in shares of Loews by 2.4% during the third quarter. Optas LLC now owns 7,615 shares of the insurance provider’s stock worth $482,000 after purchasing an additional 181 shares in the last quarter. United Capital Financial Advisers LLC boosted its position in shares of Loews by 2.7% during the fourth quarter. United Capital Financial Advisers LLC now owns 6,849 shares of the insurance provider’s stock worth $400,000 after purchasing an additional 183 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in shares of Loews by 5.5% during the third quarter. Coldstream Capital Management Inc. now owns 3,856 shares of the insurance provider’s stock worth $244,000 after purchasing an additional 201 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in shares of Loews by 40.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 705 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 202 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Loews Trading Up 1.0 %

Shares of NYSE L opened at $73.84 on Friday. The company’s fifty day moving average is $75.42 and its 200-day moving average is $70.70. The stock has a market cap of $16.41 billion, a price-to-earnings ratio of 11.72 and a beta of 0.83. Loews Co. has a twelve month low of $55.31 and a twelve month high of $78.55. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.48.

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

Loews Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Wednesday, February 21st were issued a dividend of $0.0625 per share. The ex-dividend date was Tuesday, February 20th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.34%. Loews’s payout ratio is 3.97%.

Insider Buying and Selling

In related news, Director Paul J. Fribourg sold 951 shares of the firm’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 sale, the director now directly owns 21,200 shares in the company, valued at $1,590,424. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Loews news, SVP Richard Waldo Scott sold 7,325 shares of Loews stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $74.12, for a total value of $542,929.00. Following the sale, the senior vice president now directly owns 51,965 shares in the company, valued at approximately $3,851,645.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul J. Fribourg sold 951 shares of Loews 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 owns 21,200 shares in the company, valued at $1,590,424. The disclosure for this sale can be found here. Insiders have sold a total of 137,563 shares of company stock worth $10,052,551 over the last ninety days. Company insiders own 18.70% of the company’s stock.

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.