Loews Co. (NYSE:L) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in Loews Co. (NYSE:L - Free Report) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,191,888 shares of the insurance provider's stock after acquiring an additional 8,750 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.47% of Loews worth $268,640,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its stake in Loews by 345.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 296,538 shares of the insurance provider's stock worth $25,114,000 after acquiring an additional 229,965 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in Loews by 92.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,484 shares of the insurance provider's stock worth $37,745,000 after purchasing an additional 229,956 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Loews by 22.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 569,156 shares of the insurance provider's stock worth $44,992,000 after purchasing an additional 105,810 shares during the period. Barclays PLC raised its position in Loews by 13.1% during the 3rd quarter. Barclays PLC now owns 752,380 shares of the insurance provider's stock valued at $59,473,000 after purchasing an additional 87,259 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Loews by 1.0% in the 3rd quarter. State Street Corp now owns 8,077,241 shares of the insurance provider's stock worth $638,506,000 after buying an additional 82,581 shares during the period. 58.33% of the stock is currently owned by institutional investors.

Loews Stock Down 2.2 %

Shares of NYSE L traded down $1.88 during midday trading on Wednesday, reaching $82.97. 1,004,988 shares of the company's stock traded hands, compared to its average volume of 685,950. The company has a market cap of $18.07 billion, a price-to-earnings ratio of 11.02 and a beta of 0.83. The stock's 50 day simple moving average is $84.65 and its 200-day simple moving average is $81.93. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.48. Loews Co. has a one year low of $72.50 and a one year high of $88.29.

Loews (NYSE:L - Get Free Report) last announced 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.25 annualized dividend and a yield of 0.30%. Loews's dividend payout ratio (DPR) is presently 3.32%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Loews from a "buy" rating to a "hold" rating in a research note on Tuesday.

Insiders Place Their Bets

In other news, Director Andrew H. Tisch sold 50,000 shares of the firm's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $83.26, for a total value of $4,163,000.00. Following the completion of the sale, the director now owns 11,939,677 shares of the company's stock, valued at $994,097,507.02. This trade represents a 0.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan M. Tisch sold 3,691 shares of the company's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $86.89, for a total value of $320,710.99. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 62,370 shares of company stock worth $5,218,627. 18.70% of the stock is owned by corporate insiders.

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.