Meeder Advisory Services Inc. Trims Holdings in Loews Co. (NYSE:L)

Meeder Advisory Services Inc. lessened its holdings in shares of Loews Co. (NYSE:L) by 18.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,004 shares of the insurance provider’s stock after selling 692 shares during the period. Meeder Advisory Services Inc.’s holdings in Loews were worth $209,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Nisa Investment Advisors LLC increased its holdings in Loews by 38.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 145,794 shares of the insurance provider’s stock valued at $10,146,000 after purchasing an additional 40,517 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Loews by 3.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,679 shares of the insurance provider’s stock worth $1,857,000 after acquiring an additional 933 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in shares of Loews by 25.9% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 28,674 shares of the insurance provider’s stock worth $1,980,000 after acquiring an additional 5,903 shares during the period. Arkadios Wealth Advisors purchased a new position in shares of Loews during the 4th quarter worth approximately $325,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Loews during the 4th quarter worth approximately $3,695,000. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Insider Buying and Selling

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 stock was sold at an average price of $74.12, for a total value of $542,929.00. Following the sale, the senior vice president now owns 51,965 shares in the company, valued at approximately $3,851,645.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Paul J. Fribourg sold 951 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $75.02, for a total value of $71,344.02. Following the transaction, the director now directly owns 21,200 shares of the company’s stock, valued at approximately $1,590,424. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $542,929.00. Following the completion of the transaction, the senior vice president now directly owns 51,965 shares in the company, valued at $3,851,645.80. The disclosure for this sale can be found here. Insiders have sold 137,563 shares of company stock worth $10,052,551 in the last 90 days. Insiders own 18.30% of the company’s stock.

Loews Stock Down 0.5 %

L stock opened at $74.82 on Thursday. Loews Co. has a fifty-two week low of $55.31 and a fifty-two week high of $78.55. The business’s 50 day moving average price is $75.31 and its two-hundred day moving average price is $70.34. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.32 and a current ratio of 0.32. The company has a market capitalization of $16.63 billion, a price-to-earnings ratio of 11.88 and a beta of 0.83.

Loews (NYSE:L) last posted its earnings results on Monday, February 5th. The insurance provider reported $1.99 earnings per share for the quarter. Loews had a return on equity of 9.18% and a net margin of 9.02%. The firm had revenue of $4.26 billion for the quarter.

Loews Dividend Announcement

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

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.