Mraz Amerine & Associates Inc. Decreases Stock Holdings in Loews Co. (NYSE:L)

Mraz Amerine & Associates Inc. lessened its position in Loews Co. (NYSE:L) by 1.6% during the fourth quarter, Holdings Channel reports. The fund owned 263,412 shares of the insurance provider’s stock after selling 4,252 shares during the period. Loews comprises 3.8% of Mraz Amerine & Associates Inc.’s holdings, making the stock its 8th biggest holding. Mraz Amerine & Associates Inc.’s holdings in Loews were worth $18,331,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Daiwa Securities Group Inc. increased its stake in Loews by 5.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 16,833 shares of the insurance provider’s stock valued at $1,171,000 after acquiring an additional 839 shares during the last quarter. Desjardins Global Asset Management Inc. boosted its position in Loews by 225.2% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 491 shares of the insurance provider’s stock valued at $34,000 after buying an additional 340 shares during the period. Mackenzie Financial Corp boosted its position in Loews by 41.5% during the fourth quarter. Mackenzie Financial Corp now owns 25,420 shares of the insurance provider’s stock valued at $1,769,000 after buying an additional 7,459 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Loews by 7.3% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 495,242 shares of the insurance provider’s stock valued at $34,464,000 after buying an additional 33,743 shares during the period. Finally, Lecap Asset Management Ltd. purchased a new stake in Loews during the fourth quarter valued at about $403,000. Institutional investors own 58.33% of the company’s stock.

Insider Transactions at Loews

In other news, Director Paul J. Fribourg sold 951 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $75.02, for a total transaction of $71,344.02. Following the completion of the sale, the director now directly owns 21,200 shares in the company, valued at $1,590,424. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Loews news, Director Paul J. Fribourg sold 951 shares of the firm’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 directly owns 21,200 shares in the company, valued at $1,590,424. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrew H. Tisch sold 125,000 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $73.04, for a total transaction of $9,130,000.00. Following the completion of the sale, the director now owns 945,886 shares of the company’s stock, valued at $69,087,513.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,563 shares of company stock worth $10,052,551. Company insiders own 18.70% of the company’s stock.

Loews Trading Down 0.2 %

NYSE L traded down $0.18 during trading on Wednesday, hitting $73.14. 803,115 shares of the company’s stock traded hands, compared to its average volume of 764,239. The stock has a fifty day moving average of $75.38 and a two-hundred day moving average of $70.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.32 and a quick ratio of 0.32. Loews Co. has a 12-month low of $55.31 and a 12-month high of $78.55. The firm has a market cap of $16.25 billion, a P/E ratio of 11.61 and a beta of 0.83.

Loews (NYSE:L) last posted its quarterly earnings results on Monday, February 5th. The insurance provider reported $1.99 earnings per share (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 during the quarter.

Loews Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Wednesday, February 21st were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.34%. Loews’s dividend payout ratio is currently 3.97%.

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.