Natixis Buys 18,615 Shares of Loews Co. (NYSE:L)

Natixis grew its stake in Loews Co. (NYSE:L) by 70.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,978 shares of the insurance provider’s stock after purchasing an additional 18,615 shares during the quarter. Natixis’ holdings in Loews were worth $3,809,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Barclays PLC boosted its position in shares of Loews by 13.1% in the third quarter. Barclays PLC now owns 752,380 shares of the insurance provider’s stock valued at $59,473,000 after acquiring an additional 87,259 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Loews in the 3rd quarter worth about $49,000. Synovus Financial Corp bought a new stake in Loews in the 3rd quarter valued at about $205,000. Principal Financial Group Inc. grew its position in shares of Loews by 3.0% during the 3rd quarter. Principal Financial Group Inc. now owns 248,665 shares of the insurance provider’s stock worth $19,657,000 after purchasing an additional 7,149 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Loews by 23.5% during the fourth quarter. GAMMA Investing LLC now owns 6,580 shares of the insurance provider’s stock worth $557,000 after purchasing an additional 1,253 shares during the period. Institutional investors and hedge funds own 58.33% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Loews

In other news, Director Jonathan M. Tisch sold 47,636 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $84.88, for a total value of $4,043,343.68. Following the completion of the transaction, the director now owns 6,705,529 shares of the company’s stock, valued at $569,165,301.52. This represents a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jonathan M. Tisch sold 3,691 shares of Loews stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total transaction of $320,710.99. The disclosure for this sale can be found here. Insiders have sold a total of 151,327 shares of company stock worth $12,851,055 over the last 90 days. Insiders own 18.70% of the company’s stock.

Loews Trading Down 2.3 %

L opened at $83.34 on Tuesday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. Loews Co. has a twelve month low of $73.15 and a twelve month high of $92.42. The stock has a market capitalization of $17.53 billion, a price-to-earnings ratio of 13.02 and a beta of 0.60. The company has a 50-day simple moving average of $85.91 and a 200 day simple moving average of $84.31.

Loews (NYSE:L) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $0.86 earnings per share (EPS) for the quarter. Loews had a net margin of 8.08% and a return on equity of 8.04%.

Loews Announces Dividend

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

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.