Mendota Financial Group LLC Has $4.43 Million Holdings in Loews Co. (NYSE:L)

Mendota Financial Group LLC decreased its holdings in shares of Loews Co. (NYSE:L) by 49.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,360 shares of the insurance provider’s stock after selling 51,443 shares during the quarter. Loews accounts for approximately 2.9% of Mendota Financial Group LLC’s investment portfolio, making the stock its 11th largest position. Mendota Financial Group LLC’s holdings in Loews were worth $4,434,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in L. Caisse DE Depot ET Placement DU Quebec raised its position in Loews by 92.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,484 shares of the insurance provider’s stock valued at $37,745,000 after purchasing an additional 229,956 shares during the last quarter. Bank of Montreal Can boosted its position in Loews by 106.3% during the 2nd quarter. Bank of Montreal Can now owns 353,160 shares of the insurance provider’s stock worth $27,338,000 after buying an additional 182,009 shares during the period. Dimensional Fund Advisors LP grew its holdings in Loews by 6.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,673,906 shares of the insurance provider’s stock worth $199,858,000 after acquiring an additional 161,810 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Loews by 22.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 569,156 shares of the insurance provider’s stock worth $44,992,000 after acquiring an additional 105,810 shares during the last quarter. Finally, Barclays PLC grew its holdings in Loews by 13.1% during the 3rd quarter. Barclays PLC now owns 752,380 shares of the insurance provider’s stock worth $59,473,000 after acquiring an additional 87,259 shares during the last quarter. Institutional investors own 58.33% of the company’s stock.

Loews Trading Up 1.3 %

Shares of L stock opened at $82.17 on Tuesday. The stock has a 50-day moving average of $84.14 and a 200-day moving average of $80.61. Loews Co. has a 1-year low of $70.59 and a 1-year high of $87.45. The stock has a market cap of $17.89 billion, a price-to-earnings ratio of 10.91 and a beta of 0.83. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.48.

Loews Announces Dividend

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

Insider Transactions at Loews

In other news, Director Charles M. Diker sold 1,146 shares of Loews stock in a transaction on 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 sale, the director now owns 19,906 shares in the company, valued at $1,728,437.98. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Andrew H. Tisch sold 75,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $83.16, for a total transaction of $6,237,000.00. Following the transaction, the director now owns 12,089,677 shares in the company, valued at $1,005,377,539.32. The trade was a 0.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 133,679 shares of company stock worth $11,134,916 over the last three months. 18.70% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Loews 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.