Generali Asset Management SPA SGR Invests $286,000 in Loews Co. (NYSE:L)

Generali Asset Management SPA SGR bought a new stake in shares of Loews Co. (NYSE:L) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 3,373 shares of the insurance provider’s stock, valued at approximately $286,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in L. Venturi Wealth Management LLC grew its position in shares of Loews by 10.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,237 shares of the insurance provider’s stock valued at $105,000 after purchasing an additional 119 shares in the last quarter. Wedmont Private Capital grew its holdings in Loews by 5.2% during the 4th quarter. Wedmont Private Capital now owns 3,065 shares of the insurance provider’s stock valued at $249,000 after buying an additional 151 shares in the last quarter. Summit Trail Advisors LLC increased its stake in Loews by 2.6% in the 3rd quarter. Summit Trail Advisors LLC now owns 6,038 shares of the insurance provider’s stock worth $477,000 after acquiring an additional 153 shares during the last quarter. Mather Group LLC. increased its stake in Loews by 7.7% in the 4th quarter. Mather Group LLC. now owns 2,248 shares of the insurance provider’s stock worth $190,000 after acquiring an additional 161 shares during the last quarter. Finally, Perigon Wealth Management LLC raised its holdings in shares of Loews by 5.9% during the 4th quarter. Perigon Wealth Management LLC now owns 3,306 shares of the insurance provider’s stock worth $285,000 after acquiring an additional 183 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors.

Loews Stock Up 0.4 %

Shares of NYSE:L opened at $88.14 on Friday. The company has a 50-day moving average price of $85.10 and a 200 day moving average price of $83.02. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. Loews Co. has a 12 month low of $72.91 and a 12 month high of $88.62. The company has a market cap of $18.76 billion, a price-to-earnings ratio of 13.77 and a beta of 0.80.

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

Loews Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th were issued 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 payout ratio is 3.91%.

Insider Buying and Selling

In other news, Director Jonathan M. Tisch sold 50,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $85.08, for a total value of $4,254,000.00. Following the transaction, the director now directly owns 7,105,529 shares in the company, valued at approximately $604,538,407.32. This represents a 0.70 % 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 Loews stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $86.89, for a total transaction of $320,710.99. The disclosure for this sale can be found here. Insiders have sold 158,860 shares of company stock valued at $13,486,463 in the last ninety days. 18.70% of the stock is owned by company insiders.

Analyst Ratings Changes

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

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.