Greenwood Capital Associates LLC Sells 1,010 Shares of Loews Co. (NYSE:L)

Greenwood Capital Associates LLC reduced its position in shares of Loews Co. (NYSE:L) by 10.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,051 shares of the insurance provider’s stock after selling 1,010 shares during the period. Greenwood Capital Associates LLC’s holdings in Loews were worth $767,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp grew its position in shares of Loews by 1.0% in the 3rd quarter. State Street Corp now owns 8,077,241 shares of the insurance provider’s stock valued at $638,506,000 after buying an additional 82,581 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Loews by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,265,493 shares of the insurance provider’s stock valued at $336,005,000 after acquiring an additional 53,428 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Loews by 2.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,183,138 shares of the insurance provider’s stock valued at $251,627,000 after purchasing an additional 69,459 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Loews by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,611,751 shares of the insurance provider’s stock worth $127,409,000 after purchasing an additional 8,615 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Loews by 13.1% in the 3rd quarter. Barclays PLC now owns 752,380 shares of the insurance provider’s stock worth $59,473,000 after purchasing an additional 87,259 shares during the period. 58.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Loews from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th.

Insider Transactions at Loews

In other news, Director Charles M. Diker sold 1,146 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $86.83, for a total transaction of $99,507.18. Following the completion of the sale, the director now directly owns 19,906 shares of the company’s stock, valued at $1,728,437.98. The trade was a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andrew H. Tisch sold 50,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $83.26, for a total transaction of $4,163,000.00. Following the completion of the transaction, the director now directly owns 11,939,677 shares in the company, valued at approximately $994,097,507.02. The trade was a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 133,679 shares of company stock valued at $11,134,916 in the last 90 days. 18.70% of the stock is currently owned by corporate insiders.

Loews Trading Up 0.5 %

NYSE L opened at $85.77 on Wednesday. The stock has a market capitalization of $18.68 billion, a P/E ratio of 11.39 and a beta of 0.83. The business has a 50 day simple moving average of $84.72 and a 200 day simple moving average of $81.61. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.34 and a quick ratio of 0.34. Loews Co. has a one year low of $71.52 and a one year high of $87.45.

Loews (NYSE:L) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.82 EPS for the quarter. The company had revenue of $4.47 billion during the quarter. Loews had a net margin of 9.71% and a return on equity of 9.70%.

Loews Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.0625 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.25 annualized dividend and a dividend yield of 0.29%. Loews’s dividend payout ratio is currently 3.32%.

Loews Company 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.