Loews Co. (NYSE:L) Shares Acquired by Foundation Resource Management Inc.

Foundation Resource Management Inc. lifted its position in shares of Loews Co. (NYSE:L) by 17.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 133,585 shares of the insurance provider’s stock after purchasing an additional 20,031 shares during the period. Loews comprises approximately 1.9% of Foundation Resource Management Inc.’s portfolio, making the stock its 19th largest position. Foundation Resource Management Inc.’s holdings in Loews were worth $11,313,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Choreo LLC acquired a new position in Loews in the second quarter valued at $227,000. American Century Companies Inc. lifted its holdings in shares of Loews by 6.9% in the 2nd quarter. American Century Companies Inc. now owns 79,306 shares of the insurance provider’s stock valued at $5,927,000 after purchasing an additional 5,085 shares during the last quarter. Forsta AP Fonden boosted its position in shares of Loews by 387.5% in the 2nd quarter. Forsta AP Fonden now owns 11,700 shares of the insurance provider’s stock valued at $874,000 after purchasing an additional 9,300 shares during the period. DekaBank Deutsche Girozentrale grew its stake in Loews by 10.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 51,691 shares of the insurance provider’s stock worth $3,878,000 after buying an additional 5,016 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in Loews by 13.8% during the second quarter. Parallel Advisors LLC now owns 9,182 shares of the insurance provider’s stock worth $686,000 after buying an additional 1,114 shares during the period. Institutional investors and hedge funds own 58.33% of the company’s stock.

Loews Trading Up 1.6 %

NYSE:L opened at $83.43 on Wednesday. The stock has a market capitalization of $18.17 billion, a price-to-earnings ratio of 11.08 and a beta of 0.83. Loews Co. has a 1 year low of $70.59 and a 1 year high of $87.45. The stock has a fifty day moving average price of $84.24 and a two-hundred day moving average price of $80.67. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.34 and a current ratio of 0.34.

Loews Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 27th were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend was Wednesday, November 27th. Loews’s dividend payout ratio is currently 3.32%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Loews from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th.

Insider Transactions at Loews

In related news, Director Charles M. Diker sold 1,146 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $86.83, for a total value of $99,507.18. Following the completion of the transaction, the director now owns 19,906 shares of the company’s stock, valued at approximately $1,728,437.98. The trade was a 5.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Andrew H. Tisch sold 7,533 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $84.35, for a total transaction of $635,408.55. Following the sale, the director now directly owns 1,568,191 shares in the company, valued at $132,276,910.85. This represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 133,679 shares of company stock valued at $11,134,916 in the last 90 days. 18.70% of the stock is currently owned by insiders.

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.