Kentucky Retirement Systems Insurance Trust Fund Has $917,000 Stock Holdings in Loews Co. (NYSE:L)

Kentucky Retirement Systems Insurance Trust Fund increased its holdings in shares of Loews Co. (NYSE:L) by 100.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,831 shares of the insurance provider’s stock after acquiring an additional 5,437 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Loews were worth $917,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Brooklyn Investment Group acquired a new position in shares of Loews during the 3rd quarter worth about $40,000. Eastern Bank acquired a new position in Loews in the 3rd quarter valued at approximately $47,000. Wilmington Savings Fund Society FSB acquired a new position in Loews in the 3rd quarter valued at approximately $49,000. Human Investing LLC acquired a new position in Loews in the 4th quarter valued at approximately $51,000. Finally, Venturi Wealth Management LLC raised its holdings in Loews by 10.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,237 shares of the insurance provider’s stock valued at $105,000 after acquiring an additional 119 shares in the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Loews

In related news, Director Jonathan M. Tisch sold 3,691 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total transaction of $320,710.99. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Andrew H. Tisch sold 7,533 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $84.35, for a total value of $635,408.55. Following the sale, the director now owns 1,568,191 shares in the company, valued at approximately $132,276,910.85. This trade represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,370 shares of company stock valued at $1,055,627. Corporate insiders own 18.70% of the company’s stock.

Loews Trading Up 0.5 %

Loews stock opened at $83.42 on Wednesday. The business has a 50 day moving average price of $84.46 and a two-hundred day moving average price of $82.03. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.48. The stock has a market cap of $17.76 billion, a price-to-earnings ratio of 11.08 and a beta of 0.83. Loews Co. has a 12 month low of $72.91 and a 12 month high of $88.29.

Loews (NYSE:L) last issued its earnings results on Monday, February 10th. The insurance provider reported $0.86 earnings per share (EPS) for the quarter. Loews had a return on equity of 9.70% and a net margin of 9.71%.

Loews Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th will be issued a $0.0625 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.30%. Loews’s payout ratio is presently 3.91%.

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.