APG Asset Management N.V. Purchases 92,000 Shares of Loews Co. (NYSE:L)

APG Asset Management N.V. increased its stake in shares of Loews Co. (NYSE:L - Free Report) by 73.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 218,100 shares of the insurance provider's stock after purchasing an additional 92,000 shares during the quarter. APG Asset Management N.V. owned about 0.10% of Loews worth $17,838,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bank of Nova Scotia lifted its holdings in Loews by 90.2% in the fourth quarter. Bank of Nova Scotia now owns 53,610 shares of the insurance provider's stock valued at $4,540,000 after buying an additional 25,425 shares during the period. Invesco Ltd. grew its stake in shares of Loews by 0.8% during the fourth quarter. Invesco Ltd. now owns 4,462,387 shares of the insurance provider's stock worth $377,920,000 after purchasing an additional 33,428 shares during the period. Cerity Partners LLC increased its holdings in Loews by 3.8% in the fourth quarter. Cerity Partners LLC now owns 30,893 shares of the insurance provider's stock valued at $2,550,000 after purchasing an additional 1,138 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Loews by 66.3% in the fourth quarter. Russell Investments Group Ltd. now owns 118,857 shares of the insurance provider's stock valued at $10,066,000 after buying an additional 47,394 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in Loews by 3.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 173,823 shares of the insurance provider's stock worth $14,721,000 after buying an additional 6,055 shares during the last quarter. Institutional investors and hedge funds own 58.33% of the company's stock.

Insider Activity at Loews

In related news, Director Jonathan M. Tisch sold 3,691 shares of Loews stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $86.89, for a total value of $320,710.99. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jonathan M. Tisch sold 50,000 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at $604,538,407.32. This trade represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 151,327 shares of company stock valued at $12,851,055. 18.70% of the stock is owned by corporate insiders.

Loews Trading Up 0.3 %

Loews stock traded up $0.30 during mid-day trading on Tuesday, hitting $86.62. 88,428 shares of the company's stock were exchanged, compared to its average volume of 734,034. Loews Co. has a fifty-two week low of $72.91 and a fifty-two week high of $92.42. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $18.22 billion, a P/E ratio of 13.53 and a beta of 0.60. The company's 50 day simple moving average is $85.95 and its 200-day simple moving average is $84.10.

Loews (NYSE:L - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $0.86 earnings per share (EPS) for the quarter. Loews had a return on equity of 8.04% and a net margin of 8.08%.

Loews Dividend Announcement

The business also recently disclosed 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 of this dividend was Wednesday, February 26th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.29%. Loews's payout ratio is 3.91%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Loews from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th.

About Loews

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.