Fenimore Asset Management Inc. Has $27.59 Million Holdings in Loews Corporation (L)

Fenimore Asset Management Inc. lessened its stake in Loews Corporation (NYSE:L) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 551,432 shares of the insurance provider’s stock after selling 15,288 shares during the period. Fenimore Asset Management Inc.’s holdings in Loews were worth $27,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Boston Partners grew its stake in Loews by 1.7% in the fourth quarter. Boston Partners now owns 8,045,473 shares of the insurance provider’s stock valued at $402,515,000 after purchasing an additional 131,148 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Loews by 15.9% during the third quarter. Wells Fargo & Company MN now owns 5,038,288 shares of the insurance provider’s stock worth $241,132,000 after acquiring an additional 689,401 shares during the last quarter. Marathon Asset Management LLP grew its stake in shares of Loews by 1.7% during the fourth quarter. Marathon Asset Management LLP now owns 2,082,148 shares of the insurance provider’s stock worth $104,170,000 after acquiring an additional 34,263 shares during the last quarter. TD Asset Management Inc. grew its stake in shares of Loews by 13.3% during the third quarter. TD Asset Management Inc. now owns 1,876,838 shares of the insurance provider’s stock worth $89,825,000 after acquiring an additional 220,154 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its stake in shares of Loews by 2.8% during the third quarter. Thompson Siegel & Walmsley LLC now owns 1,787,145 shares of the insurance provider’s stock worth $85,533,000 after acquiring an additional 48,612 shares during the last quarter. Institutional investors own 59.45% of the company’s stock.

Shares of Loews Corporation (NYSE L) opened at $46.05 on Friday. Loews Corporation has a 52 week low of $45.01 and a 52 week high of $53.59. The firm has a market capitalization of $16,111.17, a PE ratio of 16.39 and a beta of 0.71. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.46.

In related news, VP Mark S. Schwartz sold 6,489 shares of Loews stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $50.25, for a total transaction of $326,072.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann E. Berman sold 1,383 shares of Loews stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $50.30, for a total value of $69,564.90. The disclosure for this sale can be found here. Insiders have sold 27,031 shares of company stock worth $1,351,955 in the last 90 days. Insiders own 11.80% of the company’s stock.

A number of brokerages have recently weighed in on L. Desjardins lowered Loews to a “hold” rating and set a $76.00 price target on the stock. in a research note on Tuesday, January 30th. Zacks Investment Research upgraded Loews from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Friday, January 5th. Finally, ValuEngine lowered Loews from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $56.00.

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Loews Profile

Loews Corporation is a holding company. The Company, through its subsidiaries, is engaged in commercial property and casualty insurance; operation of offshore oil and gas drilling rigs; transportation and storage of natural gas and natural gas liquids, and operation of a chain of hotels. The Company has five segments consisted of its four individual operating subsidiaries, CNA Financial Corporation (CNA), Diamond Offshore Drilling, Inc (Diamond Offshore), Boardwalk Pipeline Partners, LP (Boardwalk Pipeline) and Loews Hotels Holding Corporation (Loews Hotels), and the Corporate segment.

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Institutional Ownership by Quarter for Loews (NYSE:L)

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