Swiss National Bank Sells 31,900 Shares of Loews Co. (NYSE:L)

Swiss National Bank decreased its holdings in shares of Loews Co. (NYSE:L - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 527,061 shares of the insurance provider's stock after selling 31,900 shares during the period. Swiss National Bank owned approximately 0.24% of Loews worth $44,637,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its stake in Loews by 345.4% during 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 buying an additional 229,965 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in Loews by 92.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,484 shares of the insurance provider's stock valued at $37,745,000 after buying an additional 229,956 shares in the last quarter. Amundi lifted its stake in Loews by 9.7% during the fourth quarter. Amundi now owns 1,012,829 shares of the insurance provider's stock valued at $84,602,000 after buying an additional 89,902 shares in the last quarter. Barclays PLC lifted its stake in Loews by 13.1% during the third quarter. Barclays PLC now owns 752,380 shares of the insurance provider's stock valued at $59,473,000 after buying an additional 87,259 shares in the last quarter. Finally, State Street Corp lifted its stake in Loews by 1.0% during the third quarter. State Street Corp now owns 8,077,241 shares of the insurance provider's stock valued at $638,506,000 after buying an additional 82,581 shares in the last quarter. Institutional investors own 58.33% of the company's stock.

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Insider Buying and Selling at Loews

In other news, Director Jonathan M. Tisch sold 3,691 shares of the business's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $86.89, for a total value of $320,710.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan M. Tisch sold 47,636 shares of the business's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $84.88, for a total transaction of $4,043,343.68. Following the transaction, the director now directly owns 6,705,529 shares in the company, valued at $569,165,301.52. This trade represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 158,860 shares of company stock worth $13,486,463 over the last ninety days. 18.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Loews Stock Up 0.4 %

Shares of L stock traded up $0.34 during trading on Thursday, hitting $88.14. 940,715 shares of the company were exchanged, compared to its average volume of 727,580. 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 firm has a market capitalization of $18.76 billion, a price-to-earnings ratio of 13.77 and a beta of 0.80. The business's 50-day simple moving average is $85.01 and its 200 day simple moving average is $82.98. Loews Co. has a twelve month low of $72.91 and a twelve month high of $88.62.

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

Loews Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend was Wednesday, February 26th. Loews's dividend payout ratio (DPR) is presently 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.