Quantinno Capital Management LP Has $7.36 Million Position in Loews Co. (NYSE:L)

Quantinno Capital Management LP increased its position in Loews Co. (NYSE:L) by 37.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 86,847 shares of the insurance provider’s stock after acquiring an additional 23,798 shares during the quarter. Quantinno Capital Management LP’s holdings in Loews were worth $7,355,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC bought a new stake in Loews in the fourth quarter valued at approximately $26,000. Minot DeBlois Advisors LLC bought a new stake in Loews in the fourth quarter valued at approximately $27,000. Itau Unibanco Holding S.A. boosted its holdings in Loews by 387.6% in the fourth quarter. Itau Unibanco Holding S.A. now owns 434 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 345 shares during the last quarter. Human Investing LLC bought a new stake in Loews in the fourth quarter valued at approximately $51,000. Finally, Graney & King LLC bought a new stake in Loews in the fourth quarter valued at approximately $56,000. Institutional investors and hedge funds own 58.33% of the company’s stock.

Insider Transactions at Loews

In related news, SVP Richard Waldo Scott sold 9,019 shares of Loews stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $87.92, for a total value of $792,950.48. Following the completion of the sale, the senior vice president now owns 33,901 shares of the company’s stock, valued at approximately $2,980,575.92. This trade represents a 21.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jonathan M. Tisch sold 50,000 shares of Loews stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $85.08, for a total transaction of $4,254,000.00. Following the completion of the sale, the director now directly owns 7,105,529 shares of the company’s stock, valued at approximately $604,538,407.32. The trade was a 0.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 156,655 shares of company stock valued at $13,323,294 in the last quarter. 19.00% of the stock is currently owned by company insiders.

Loews Stock Performance

Shares of L stock opened at $89.37 on Friday. The company has a market cap of $18.74 billion, a price-to-earnings ratio of 13.96 and a beta of 0.70. Loews Co. has a 52 week low of $73.15 and a 52 week high of $92.42. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average of $86.96 and a 200-day moving average of $85.22.

Loews (NYSE:L) last announced its quarterly earnings data on Monday, May 5th. The insurance provider reported $1.74 EPS for the quarter. The company had revenue of $4.49 billion during the quarter. Loews had a net margin of 8.08% and a return on equity of 8.04%.

Loews Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Wednesday, May 28th. Loews’s dividend payout ratio (DPR) is 4.11%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Loews from a “hold” rating to a “buy” rating in a report on Tuesday, May 6th.

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.