Loews Co. (NYSE:L) is Mraz Amerine & Associates Inc.’s 8th Largest Position

Mraz Amerine & Associates Inc. cut its position in shares of Loews Co. (NYSE:L) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,412 shares of the insurance provider’s stock after selling 4,252 shares during the period. Loews accounts for about 3.8% of Mraz Amerine & Associates Inc.’s investment portfolio, making the stock its 8th largest position. Mraz Amerine & Associates Inc. owned approximately 0.12% of Loews worth $18,331,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in L. State Street Corp increased its holdings in shares of Loews by 1.1% during the 2nd quarter. State Street Corp now owns 8,427,667 shares of the insurance provider’s stock valued at $500,435,000 after acquiring an additional 88,821 shares during the last quarter. Norges Bank acquired a new position in shares of Loews during the 4th quarter valued at about $420,569,000. Geode Capital Management LLC increased its holdings in shares of Loews by 1.3% during the 1st quarter. Geode Capital Management LLC now owns 4,064,740 shares of the insurance provider’s stock valued at $235,292,000 after acquiring an additional 51,482 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Loews by 0.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,255,282 shares of the insurance provider’s stock valued at $206,092,000 after acquiring an additional 20,277 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Loews by 6.3% during the 3rd quarter. Northern Trust Corp now owns 2,236,376 shares of the insurance provider’s stock valued at $141,585,000 after acquiring an additional 131,736 shares during the last quarter. 58.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Paul J. Fribourg sold 951 shares of the firm’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 transaction of $71,344.02. Following the completion of the transaction, the director now owns 21,200 shares in the company, valued at approximately $1,590,424. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Loews news, Director Paul J. Fribourg sold 951 shares of Loews stock in a transaction 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 completion of the transaction, the director now owns 21,200 shares in the company, valued at approximately $1,590,424. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jonathan M. Tisch sold 4,287 shares of Loews stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $71.91, for a total value of $308,278.17. Following the completion of the transaction, the insider now owns 106,870 shares of the company’s stock, valued at approximately $7,685,021.70. The disclosure for this sale can be found here. Insiders sold 137,563 shares of company stock worth $10,052,551 in the last 90 days. 18.70% of the stock is owned by company insiders.

Loews Stock Performance

L traded down $0.18 during midday trading on Wednesday, reaching $73.14. The company’s stock had a trading volume of 803,115 shares, compared to its average volume of 764,239. The stock has a market cap of $16.25 billion, a P/E ratio of 11.61 and a beta of 0.83. The company has a fifty day simple moving average of $75.38 and a 200 day simple moving average of $70.66. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.48. Loews Co. has a twelve month low of $55.31 and a twelve month high of $78.55.

Loews (NYSE:L) last released its earnings results on Monday, February 5th. The insurance provider reported $1.99 earnings per share (EPS) 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 announced a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Wednesday, February 21st were given a dividend of $0.0625 per share. The ex-dividend date was Tuesday, February 20th. This represents a $0.25 annualized dividend and a dividend yield of 0.34%. Loews’s dividend payout ratio (DPR) is presently 3.97%.

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.