Boston Partners Buys 217,115 Shares of Loews Co. (NYSE:L)

Boston Partners boosted its holdings in shares of Loews Co. (NYSE:L - Free Report) by 16.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,499,417 shares of the insurance provider's stock after buying an additional 217,115 shares during the period. Boston Partners owned approximately 0.69% of Loews worth $126,983,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of L. Charles Schwab Investment Management Inc. increased its position in Loews by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,611,751 shares of the insurance provider's stock worth $127,409,000 after purchasing an additional 8,615 shares during the last quarter. Miracle Mile Advisors LLC acquired a new position in Loews in the 4th quarter worth about $315,000. Intech Investment Management LLC increased its position in Loews by 8.0% in the 3rd quarter. Intech Investment Management LLC now owns 137,566 shares of the insurance provider's stock worth $10,875,000 after purchasing an additional 10,213 shares during the last quarter. Swedbank AB increased its position in Loews by 8.8% in the 3rd quarter. Swedbank AB now owns 379,647 shares of the insurance provider's stock worth $30,011,000 after purchasing an additional 30,600 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Loews by 47.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 37,319 shares of the insurance provider's stock worth $2,950,000 after purchasing an additional 12,070 shares during the last quarter. 58.33% of the stock is owned by institutional investors and hedge funds.

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Loews Stock Down 1.1 %

Shares of NYSE L traded down $0.96 during mid-day trading on Friday, reaching $87.22. 2,713,222 shares of the company traded hands, compared to its average volume of 662,216. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market cap of $18.57 billion, a PE ratio of 13.63 and a beta of 0.80. The company's fifty day moving average is $85.23 and its two-hundred day moving average is $83.06. Loews Co. has a fifty-two week low of $72.91 and a fifty-two week high of $88.66.

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

Loews Dividend Announcement

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

Insider Activity at Loews

In other Loews news, Director Jonathan M. Tisch sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $85.08, for a total value of $4,254,000.00. Following the completion of the sale, the director now owns 7,105,529 shares in the company, valued at approximately $604,538,407.32. This trade represents a 0.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew H. Tisch sold 7,533 shares of the firm's 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 completion of the sale, the director now owns 1,568,191 shares of the company's stock, valued at $132,276,910.85. This represents a 0.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 158,860 shares of company stock worth $13,486,463 in the last 90 days. 18.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

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.