Generali Asset Management SPA SGR Acquires New Stake in Loews Co. (NYSE:L)

Generali Asset Management SPA SGR bought a new position in Loews Co. (NYSE:L) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,373 shares of the insurance provider’s stock, valued at approximately $286,000.

A number of other institutional investors have also recently modified their holdings of the stock. Assenagon Asset Management S.A. lifted its position in Loews by 345.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 296,538 shares of the insurance provider’s stock valued at $25,114,000 after acquiring an additional 229,965 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of 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 worth $37,745,000 after purchasing an additional 229,956 shares during the last quarter. Amundi lifted its holdings in shares of Loews by 9.7% during the fourth quarter. Amundi now owns 1,012,829 shares of the insurance provider’s stock valued at $84,602,000 after purchasing an additional 89,902 shares in the last quarter. Barclays PLC boosted its position in shares of Loews by 13.1% during the third quarter. Barclays PLC now owns 752,380 shares of the insurance provider’s stock valued at $59,473,000 after buying an additional 87,259 shares during the last quarter. Finally, State Street Corp raised its position in Loews by 1.0% in the 3rd quarter. State Street Corp now owns 8,077,241 shares of the insurance provider’s stock worth $638,506,000 after buying an additional 82,581 shares during the last quarter. 58.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Loews from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th.

Insider Buying and Selling at Loews

In other Loews news, Director Andrew H. Tisch sold 7,533 shares of the business’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 completion of the sale, the director now owns 1,568,191 shares of the company’s stock, valued at approximately $132,276,910.85. The trade was a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jonathan M. Tisch sold 3,691 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $86.89, for a total value of $320,710.99. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 158,860 shares of company stock valued at $13,486,463. Insiders own 18.70% of the company’s stock.

Loews Price Performance

NYSE L opened at $88.14 on Friday. The stock has a market capitalization of $18.76 billion, a price-to-earnings ratio of 13.77 and a beta of 0.80. Loews Co. has a 1-year low of $72.91 and a 1-year high of $88.62. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34. The business’s fifty day moving average price is $85.10 and its 200-day moving average price is $83.02.

Loews (NYSE:L) last posted its earnings results on Monday, February 10th. The insurance provider reported $0.86 earnings per share for the quarter. Loews had a return on equity of 8.04% and a net margin of 8.08%.

Loews Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th were given a dividend of $0.0625 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.25 annualized dividend and a yield of 0.28%. Loews’s dividend payout ratio (DPR) is 3.91%.

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.