Hsbc Holdings PLC Buys 15,888 Shares of Loews Co. (NYSE:L)

Hsbc Holdings PLC boosted its position in Loews Co. (NYSE:L - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 714,833 shares of the insurance provider's stock after buying an additional 15,888 shares during the quarter. Hsbc Holdings PLC owned approximately 0.33% of Loews worth $60,535,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of L. Norges Bank bought a new stake in shares of Loews during the 4th quarter worth approximately $623,493,000. Assenagon Asset Management S.A. lifted its stake in Loews by 345.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 296,538 shares of the insurance provider's stock valued at $25,114,000 after acquiring an additional 229,965 shares during the last quarter. Boston Partners grew its position in shares of Loews by 16.9% in the 4th quarter. Boston Partners now owns 1,499,417 shares of the insurance provider's stock valued at $126,983,000 after acquiring an additional 217,115 shares during the period. Geode Capital Management LLC raised its holdings in shares of Loews by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 4,476,087 shares of the insurance provider's stock valued at $378,087,000 after purchasing an additional 210,594 shares during the period. Finally, First Trust Advisors LP grew its holdings in Loews by 51.2% during the fourth quarter. First Trust Advisors LP now owns 531,038 shares of the insurance provider's stock worth $44,974,000 after purchasing an additional 179,772 shares during the period. Institutional investors own 58.33% of the company's stock.

Insider Buying and Selling

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 shares were sold at an average price of $86.89, for a total transaction of $320,710.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan M. Tisch sold 47,636 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $84.88, for a total transaction of $4,043,343.68. Following the transaction, the director now owns 6,705,529 shares of the company's stock, valued at approximately $569,165,301.52. This represents a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 151,327 shares of company stock valued at $12,851,055. 18.70% of the stock is owned by company insiders.

Loews Stock Performance

L traded up $0.68 on Monday, reaching $85.95. The company had a trading volume of 441,529 shares, compared to its average volume of 732,400. The company's fifty day moving average is $86.11 and its 200 day moving average is $84.55. 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 $18.08 billion, a P/E ratio of 13.43 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 announced 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 Dividend Announcement

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

Analysts Set New Price Targets

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

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.