Caisse DE Depot ET Placement DU Quebec Buys 229,956 Shares of Loews Co. (NYSE:L)

Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Loews Co. (NYSE:L - Free Report) by 92.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 477,484 shares of the insurance provider's stock after purchasing an additional 229,956 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.22% of Loews worth $37,745,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swedbank AB raised its stake in shares of Loews by 15.6% in the second quarter. Swedbank AB now owns 349,047 shares of the insurance provider's stock worth $26,088,000 after purchasing an additional 47,013 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Loews by 8.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 122,208 shares of the insurance provider's stock worth $9,134,000 after buying an additional 9,296 shares during the last quarter. Intech Investment Management LLC lifted its stake in Loews by 8.0% during the 3rd quarter. Intech Investment Management LLC now owns 137,566 shares of the insurance provider's stock valued at $10,875,000 after acquiring an additional 10,213 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Loews by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,611,751 shares of the insurance provider's stock valued at $127,409,000 after acquiring an additional 8,615 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Loews by 47.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 37,319 shares of the insurance provider's stock valued at $2,950,000 after acquiring an additional 12,070 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut Loews from a "strong-buy" rating to a "buy" rating in a report on Wednesday, November 20th.

Insiders Place Their Bets

In other Loews news, Director Ann E. Berman sold 1,087 shares of Loews stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $81.38, for a total value of $88,460.06. Following the sale, the director now owns 4,998 shares of the company's stock, valued at $406,737.24. The trade was a 17.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Andrew H. Tisch sold 50,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $83.26, for a total value of $4,163,000.00. Following the transaction, the director now owns 11,939,677 shares of the company's stock, valued at $994,097,507.02. This represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 213,587 shares of company stock worth $17,586,460 in the last three months. 18.70% of the stock is owned by company insiders.

Loews Price Performance

Shares of NYSE L traded down $0.56 during midday trading on Monday, reaching $86.17. The stock had a trading volume of 808,092 shares, compared to its average volume of 714,211. The company has a market capitalization of $18.77 billion, a price-to-earnings ratio of 11.44 and a beta of 0.82. Loews Co. has a 12-month low of $67.20 and a 12-month high of $87.45. The stock has a 50-day moving average of $81.35 and a 200-day moving average of $78.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.34 and a current ratio of 0.34.

Loews Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 27th will be issued a $0.0625 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.25 dividend on an annualized basis and a yield of 0.29%. Loews's dividend payout ratio is presently 3.32%.

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.