Loews Co. (NYSE:L) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its holdings in Loews Co. (NYSE:L) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,252 shares of the insurance provider’s stock after selling 3,045 shares during the period. Yousif Capital Management LLC’s holdings in Loews were worth $2,871,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in L. Assenagon Asset Management S.A. grew its stake in Loews by 316.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 580,107 shares of the insurance provider’s stock valued at $36,727,000 after acquiring an additional 440,693 shares during the period. The Manufacturers Life Insurance Company lifted its position in Loews by 118.9% during the third quarter. The Manufacturers Life Insurance Company now owns 286,708 shares of the insurance provider’s stock worth $18,151,000 after buying an additional 155,713 shares in the last quarter. Barclays PLC boosted its stake in Loews by 34.9% during the third quarter. Barclays PLC now owns 577,591 shares of the insurance provider’s stock worth $36,568,000 after buying an additional 149,500 shares during the last quarter. Bank of Nova Scotia grew its holdings in Loews by 115.4% in the 3rd quarter. Bank of Nova Scotia now owns 270,421 shares of the insurance provider’s stock valued at $17,120,000 after buying an additional 144,902 shares in the last quarter. Finally, Jump Financial LLC increased its stake in shares of Loews by 3,984.2% in the 3rd quarter. Jump Financial LLC now owns 146,910 shares of the insurance provider’s stock worth $9,301,000 after acquiring an additional 143,313 shares during the last quarter. 58.33% of the stock is owned by institutional investors and hedge funds.

Loews Price Performance

Loews stock opened at $75.46 on Monday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average price of $75.74 and a 200 day moving average price of $71.37. Loews Co. has a 12-month low of $55.64 and a 12-month high of $78.55. The stock has a market cap of $16.77 billion, a P/E ratio of 11.98 and a beta of 0.83.

Loews (NYSE:L) last announced its quarterly earnings results on Monday, February 5th. The insurance provider reported $1.99 earnings per share (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 during the quarter.

Loews Dividend Announcement

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

Insider Buying and Selling at Loews

In other Loews news, Director Andrew H. Tisch sold 125,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $73.04, for a total value of $9,130,000.00. Following the sale, the director now owns 945,886 shares of the company’s stock, valued at $69,087,513.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Richard Waldo Scott sold 7,325 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $74.12, for a total transaction of $542,929.00. Following the sale, the senior vice president now directly owns 51,965 shares of the company’s stock, valued at approximately $3,851,645.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Andrew H. Tisch sold 125,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $73.04, for a total transaction of $9,130,000.00. Following the completion of the transaction, the director now owns 945,886 shares of the company’s stock, valued at approximately $69,087,513.44. The disclosure for this sale can be found here. Insiders sold a total of 137,563 shares of company stock worth $10,052,551 over the last three months. Insiders own 18.70% of the company’s stock.

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.