Charles Schwab Investment Management Inc. increased its position in shares of Loews Co. (NYSE:L - Free Report) by 0.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,623,291 shares of the insurance provider's stock after buying an additional 11,540 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.75% of Loews worth $137,477,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in L. Miracle Mile Advisors LLC purchased a new stake in shares of Loews in the fourth quarter valued at 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 valued at $10,875,000 after acquiring an additional 10,213 shares during the period. Swedbank AB raised its stake in Loews by 8.8% during the 3rd quarter. Swedbank AB now owns 379,647 shares of the insurance provider's stock valued at $30,011,000 after acquiring an additional 30,600 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Loews by 47.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 37,319 shares of the insurance provider's stock worth $2,950,000 after acquiring an additional 12,070 shares during the period. Finally, Nordea Investment Management AB grew its stake in shares of Loews by 7.5% in the 4th quarter. Nordea Investment Management AB now owns 15,619 shares of the insurance provider's stock valued at $1,323,000 after purchasing an additional 1,085 shares during the last quarter. Institutional investors and hedge funds own 58.33% of the company's stock.
Loews Price Performance
L stock traded down $0.29 during trading on Tuesday, reaching $84.65. 870,034 shares of the company were exchanged, compared to its average volume of 723,493. 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's 50 day moving average price is $84.71 and its 200 day moving average price is $82.75. Loews Co. has a 52-week low of $72.91 and a 52-week high of $88.29. The company has a market cap of $18.02 billion, a P/E ratio of 13.23 and a beta of 0.80.
Loews (NYSE:L - Get Free Report) last announced its quarterly earnings results 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 Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th will be given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend is Wednesday, February 26th. Loews's dividend payout ratio is currently 3.91%.
Analyst Ratings Changes
Separately, StockNews.com cut Loews from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th.
Read Our Latest Stock Report on Loews
Insider Transactions at Loews
In related news, Director Andrew H. Tisch sold 7,533 shares of Loews stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $84.35, for a total transaction of $635,408.55. Following the completion of the sale, the director now owns 1,568,191 shares in the company, valued at approximately $132,276,910.85. This trade represents a 0.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan M. Tisch sold 50,000 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $85.08, for a total transaction of $4,254,000.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 61,224 shares of company stock valued at $5,210,120 in the last 90 days. 18.70% of the stock is currently owned by insiders.
Loews Company Profile
(
Free Report)
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.
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