Loews Co. (NYSE:L) Shares Acquired by Barclays PLC

Barclays PLC grew its holdings in Loews Co. (NYSE:L - Free Report) by 13.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 752,380 shares of the insurance provider's stock after buying an additional 87,259 shares during the quarter. Barclays PLC owned about 0.35% of Loews worth $59,473,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Nomura Asset Management Co. Ltd. lifted its position in shares of Loews by 1.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 55,785 shares of the insurance provider's stock valued at $4,410,000 after acquiring an additional 556 shares during the period. MML Investors Services LLC increased its position in shares of Loews by 7.0% in the third quarter. MML Investors Services LLC now owns 10,717 shares of the insurance provider's stock valued at $847,000 after buying an additional 701 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of Loews by 5.1% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,617 shares of the insurance provider's stock worth $1,472,000 after buying an additional 901 shares during the last quarter. National Bank of Canada FI boosted its position in shares of Loews by 71.9% in the 3rd quarter. National Bank of Canada FI now owns 104,949 shares of the insurance provider's stock worth $8,296,000 after buying an additional 43,906 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC grew its stake in Loews by 56.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 60,041 shares of the insurance provider's stock valued at $4,505,000 after acquiring an additional 21,654 shares during the last quarter. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Andrew H. Tisch sold 75,000 shares of Loews stock in a transaction dated Tuesday, November 12th. The stock was 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 directly owns 12,089,677 shares in the company, valued at approximately $1,005,377,539.32. This trade represents a 0.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles M. Diker sold 1,146 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $86.83, for a total value of $99,507.18. Following the sale, the director now owns 19,906 shares in the company, valued at $1,728,437.98. The trade was a 5.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 126,146 shares of company stock worth $10,499,507. 18.70% of the stock is currently owned by corporate insiders.

Loews Stock Up 0.3 %

Shares of NYSE:L traded up $0.23 during mid-day trading on Friday, hitting $84.19. 782,686 shares of the company traded hands, compared to its average volume of 714,051. The firm has a market cap of $18.33 billion, a P/E ratio of 11.15 and a beta of 0.83. Loews Co. has a 52-week low of $67.20 and a 52-week high of $87.45. The firm's 50 day simple moving average is $82.41 and its 200 day simple moving average is $79.28. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.34 and a current ratio of 0.34.

Loews Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 27th were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.25 annualized dividend and a dividend yield of 0.30%. Loews's dividend payout ratio is presently 3.32%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Loews from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, November 20th.

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.