New York State Common Retirement Fund Has $6.51 Million Stock Holdings in Loews Co. (NYSE:L)

New York State Common Retirement Fund lowered its stake in Loews Co. (NYSE:L) by 8.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 76,845 shares of the insurance provider’s stock after selling 7,000 shares during the period. New York State Common Retirement Fund’s holdings in Loews were worth $6,508,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of L. Venturi Wealth Management LLC boosted its holdings in shares of 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 acquiring an additional 119 shares during the period. Wedmont Private Capital lifted its holdings 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 purchasing an additional 151 shares during the last quarter. Summit Trail Advisors LLC boosted its stake in Loews by 2.6% in the 3rd quarter. Summit Trail Advisors LLC now owns 6,038 shares of the insurance provider’s stock valued at $477,000 after purchasing an additional 153 shares during the period. Mather Group LLC. grew its holdings 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 in the last quarter. Finally, Perigon Wealth Management LLC grew its holdings in Loews by 5.9% in the 4th quarter. Perigon Wealth Management LLC now owns 3,306 shares of the insurance provider’s stock valued at $285,000 after buying an additional 183 shares in the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

Analyst Ratings Changes

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

Loews Stock Down 1.0 %

Shares of L opened at $84.13 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 $88.29. The firm’s 50 day moving average is $84.45 and its 200-day moving average is $82.32. The stock has a market capitalization of $17.91 billion, a PE ratio of 13.15 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 return on equity of 8.04% and a net margin of 8.08%.

Loews Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th will be paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Wednesday, February 26th. Loews’s dividend payout ratio (DPR) is presently 3.91%.

Insider Activity at Loews

In related news, Director Jonathan M. Tisch sold 3,691 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $86.89, for a total value of $320,710.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 value of $99,507.18. Following the completion of the transaction, the director now owns 19,906 shares in the company, valued at approximately $1,728,437.98. This represents a 5.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,370 shares of company stock valued at $1,055,627 over the last quarter. 18.70% of the stock is owned by corporate insiders.

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.