Loews Co. (NYSE:L) Shares Sold by America First Investment Advisors LLC


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America First Investment Advisors LLC reduced its position in shares of Loews Co. (NYSE:L) by 3.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 343,805 shares of the insurance provider’s stock after selling 12,373 shares during the period. Loews makes up approximately 5.3% of America First Investment Advisors LLC’s investment portfolio, making the stock its 5th biggest position. America First Investment Advisors LLC owned 0.13% of Loews worth $17,630,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Loews during the fourth quarter worth $598,108,000. Dimensional Fund Advisors LP grew its stake in shares of Loews by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,052,248 shares of the insurance provider’s stock worth $137,402,000 after purchasing an additional 34,606 shares during the last quarter. Davis Selected Advisers grew its stake in shares of Loews by 15.5% in the fourth quarter. Davis Selected Advisers now owns 2,617,793 shares of the insurance provider’s stock worth $117,853,000 after purchasing an additional 351,736 shares during the last quarter. Nuveen Asset Management LLC grew its stake in shares of Loews by 38.8% in the fourth quarter. Nuveen Asset Management LLC now owns 2,003,493 shares of the insurance provider’s stock worth $90,197,000 after purchasing an additional 559,843 shares during the last quarter. Finally, Boston Partners grew its stake in shares of Loews by 0.8% in the fourth quarter. Boston Partners now owns 1,876,667 shares of the insurance provider’s stock worth $84,488,000 after purchasing an additional 15,463 shares during the last quarter. Institutional investors and hedge funds own 57.36% of the company’s stock.

In other news, SVP Richard Waldo Scott sold 6,378 shares of the company’s stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of $51.34, for a total transaction of $327,446.52. Following the transaction, the senior vice president now owns 45,151 shares in the company, valued at $2,318,052.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan M. Tisch sold 4,469 shares of the company’s stock in a transaction dated Friday, February 12th. The shares were sold at an average price of $48.34, for a total transaction of $216,031.46. Following the transaction, the insider now owns 9,397 shares in the company, valued at approximately $454,250.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,017 shares of company stock worth $551,878. 15.20% of the stock is owned by company insiders.

Shares of Loews stock traded down $0.10 during trading on Tuesday, hitting $56.94. The company’s stock had a trading volume of 8,926 shares, compared to its average volume of 871,414. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.32 and a quick ratio of 0.32. Loews Co. has a 52 week low of $27.33 and a 52 week high of $57.44. The stock has a market cap of $15.21 billion, a price-to-earnings ratio of -14.44 and a beta of 0.90. The stock has a 50-day moving average price of $53.40 and a two-hundred day moving average price of $46.55.

Loews (NYSE:L) last issued its quarterly earnings data on Monday, February 8th. The insurance provider reported $1.60 earnings per share for the quarter. Loews had a negative net margin of 8.71% and a positive return on equity of 3.16%. The company had revenue of $3.71 billion for the quarter.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 9th. Investors of record on Wednesday, February 24th were issued a $0.0625 dividend. The ex-dividend date was Tuesday, February 23rd. This represents a $0.25 annualized dividend and a yield of 0.44%.

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 property, marine, and boiler and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto and umbrella coverages.

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Institutional Ownership by Quarter for Loews (NYSE:L)

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