Charles Schwab Investment Management Inc. Acquires 8,615 Shares of Loews Co. (NYSE:L)

Charles Schwab Investment Management Inc. raised its position in Loews Co. (NYSE:L - Free Report) by 0.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,611,751 shares of the insurance provider's stock after acquiring an additional 8,615 shares during the period. Charles Schwab Investment Management Inc. owned about 0.74% of Loews worth $127,409,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Swedbank AB acquired a new stake in shares of Loews in the first quarter valued at about $23,646,000. TD Asset Management Inc increased its position in shares of Loews by 77.9% during the 2nd quarter. TD Asset Management Inc now owns 525,920 shares of the insurance provider's stock worth $39,307,000 after purchasing an additional 230,231 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Loews by 106.3% during the 2nd quarter. Bank of Montreal Can now owns 353,160 shares of the insurance provider's stock worth $27,338,000 after purchasing an additional 182,009 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of Loews in the 2nd quarter valued at approximately $13,379,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Loews by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,673,906 shares of the insurance provider's stock valued at $199,858,000 after buying an additional 161,810 shares in the last quarter. Institutional investors and hedge funds own 58.33% of the company's stock.

Loews Price Performance

Shares of L traded up $0.78 during mid-day trading on Tuesday, reaching $86.61. The company had a trading volume of 561,589 shares, compared to its average volume of 716,279. The company has a market capitalization of $18.86 billion, a price-to-earnings ratio of 11.50 and a beta of 0.82. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.34 and a current ratio of 0.34. The company's 50 day simple moving average is $80.73 and its 200 day simple moving average is $78.52. Loews Co. has a 1-year low of $67.20 and a 1-year high of $86.90.

Loews Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 27th will be given a $0.0625 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.25 annualized dividend and a yield of 0.29%. Loews's dividend payout ratio is presently 3.32%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Jefferies Financial Group decreased their target price on Loews from $115.00 to $112.00 and set a "buy" rating on the stock in a report on Wednesday, July 31st. StockNews.com lowered shares of Loews from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, November 20th.

Insider Buying and Selling at Loews

In other Loews news, insider Jonathan M. Tisch sold 62,500 shares of the company's stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $80.84, for a total value of $5,052,500.00. Following the sale, the insider now owns 6,781,634 shares in the company, valued at approximately $548,227,292.56. The trade was a 0.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Andrew H. Tisch sold 50,000 shares of the stock in a transaction dated 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 completion of the sale, the director now directly owns 11,939,677 shares of the company's stock, valued at approximately $994,097,507.02. The trade was a 0.42 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 213,587 shares of company stock worth $17,586,460. 18.70% of the stock is currently owned by 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.