Royal London Asset Management Ltd. Has $9.46 Million Stock Holdings in Loews Co. (NYSE:L)

Royal London Asset Management Ltd. raised its holdings in shares of Loews Co. (NYSE:L - Free Report) by 14.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,602 shares of the insurance provider's stock after buying an additional 14,875 shares during the period. Royal London Asset Management Ltd. owned about 0.05% of Loews worth $9,455,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its position in shares of Loews by 2.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,183,138 shares of the insurance provider's stock worth $251,627,000 after purchasing an additional 69,459 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in 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 acquiring an additional 161,810 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Loews by 0.5% in the third 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 in the last quarter. AQR Capital Management LLC raised its holdings in Loews by 5.8% in the second quarter. AQR Capital Management LLC now owns 820,800 shares of the insurance provider's stock valued at $61,347,000 after acquiring an additional 45,237 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Loews by 5.0% in the second quarter. Hsbc Holdings PLC now owns 692,116 shares of the insurance provider's stock valued at $51,750,000 after acquiring an additional 33,125 shares in the last quarter. 58.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Loews

In other news, Director Charles M. Diker sold 1,146 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $86.83, for a total value of $99,507.18. Following the transaction, the director now owns 19,906 shares in the company, valued at $1,728,437.98. This represents a 5.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andrew H. Tisch sold 75,000 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $83.16, for a total value of $6,237,000.00. Following the completion of the transaction, the director now owns 12,089,677 shares in the company, valued at $1,005,377,539.32. This represents a 0.62 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 126,146 shares of company stock valued at $10,499,507. 18.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Loews from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, November 20th.

Loews Price Performance

NYSE L traded up $0.14 on Friday, reaching $86.08. The company's stock had a trading volume of 560,186 shares, compared to its average volume of 713,610. Loews Co. has a twelve month low of $67.20 and a twelve month high of $87.45. 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 stock has a market cap of $18.75 billion, a PE ratio of 11.43 and a beta of 0.83. The firm's 50 day moving average is $81.95 and its two-hundred day moving average is $79.04.

Loews Announces Dividend

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

About Loews

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.