Everence Capital Management Inc. Has $379,000 Position in Loews Co. (NYSE:L)

Everence Capital Management Inc. reduced its holdings in Loews Co. (NYSE:L) by 78.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,440 shares of the insurance provider’s stock after selling 19,740 shares during the period. Everence Capital Management Inc.’s holdings in Loews were worth $379,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new position in shares of Loews during the 3rd quarter worth about $29,000. Operose Advisors LLC acquired a new position in shares of Loews during the 3rd quarter worth about $30,000. Desjardins Global Asset Management Inc. increased its stake in shares of Loews by 225.2% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 491 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 340 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of Loews during the 2nd quarter worth about $36,000. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Loews by 40.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 705 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 202 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Loews

In other Loews news, insider Jonathan M. Tisch sold 4,287 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 106,870 shares of the company’s stock, valued at approximately $7,685,021.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Loews news, Director Paul J. Fribourg sold 951 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $75.02, for a total value of $71,344.02. Following the completion of the sale, the director now owns 21,200 shares of the company’s stock, valued at approximately $1,590,424. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan M. Tisch sold 4,287 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $71.91, for a total transaction of $308,278.17. Following the completion of the sale, the insider now directly 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. In the last 90 days, insiders have sold 137,563 shares of company stock worth $10,052,551. Insiders own 18.70% of the company’s stock.

Loews Stock Up 1.0 %

Shares of L opened at $73.84 on Friday. Loews Co. has a 52 week low of $55.31 and a 52 week high of $78.55. The firm has a market cap of $16.41 billion, a P/E ratio of 11.72 and a beta of 0.83. The firm’s 50-day simple moving average is $75.42 and its 200 day simple moving average is $70.70. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.32 and a current ratio of 0.32.

Loews (NYSE:L) last announced its quarterly earnings results on Monday, February 5th. The insurance provider reported $1.99 EPS for the quarter. Loews had a net margin of 9.02% and a return on equity of 9.18%. The business had revenue of $4.26 billion for the quarter.

Loews Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Wednesday, February 21st were paid a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $0.25 dividend on an annualized basis and a yield of 0.34%. Loews’s dividend payout ratio (DPR) is currently 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.