Aware Super Pty Ltd as trustee of Aware Super Invests $8.39 Million in Loews Co. (NYSE:L)

Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of Loews Co. (NYSE:L - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 99,006 shares of the insurance provider's stock, valued at approximately $8,385,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Canada Post Corp Registered Pension Plan bought a new position in shares of Loews in the fourth quarter worth about $278,000. XTX Topco Ltd acquired a new position in Loews during the 4th quarter worth $2,249,000. Townsquare Capital LLC bought a new position in Loews in the 4th quarter valued at $671,000. Sterling Capital Management LLC increased its stake in shares of Loews by 53.7% in the 4th quarter. Sterling Capital Management LLC now owns 10,614 shares of the insurance provider's stock valued at $899,000 after buying an additional 3,708 shares during the period. Finally, Covestor Ltd raised its position in shares of Loews by 29.3% during the fourth quarter. Covestor Ltd now owns 1,395 shares of the insurance provider's stock worth $118,000 after acquiring an additional 316 shares during the last quarter. 58.33% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Loews

In other news, Director Jonathan M. Tisch sold 3,691 shares of the company's 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jonathan M. Tisch sold 50,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $85.08, for a total transaction of $4,254,000.00. Following the completion of the transaction, the director now directly owns 7,105,529 shares of the company's stock, valued at $604,538,407.32. This 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.

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 Trading Up 0.1 %

NYSE L traded up $0.07 during trading on Friday, reaching $85.27. 536,344 shares of the stock traded hands, compared to its average volume of 734,373. The stock's 50-day moving average price is $85.90 and its 200 day moving average price is $84.16. 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 cap of $17.94 billion, a price-to-earnings ratio of 13.32 and a beta of 0.60. Loews Co. has a fifty-two week low of $73.15 and a fifty-two week high of $92.42.

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

Loews Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend was Wednesday, February 26th. Loews's dividend payout ratio is 3.91%.

Loews 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.