Prudential Financial Inc. Has $13.74 Million Holdings in Loews Co. (NYSE:L)

Prudential Financial Inc. increased its position in Loews Co. (NYSE:L - Free Report) by 14.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 162,256 shares of the insurance provider's stock after purchasing an additional 20,874 shares during the period. Prudential Financial Inc. owned 0.07% of Loews worth $13,741,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of L. KLP Kapitalforvaltning AS bought a new position in shares of Loews in the 4th quarter worth about $12,727,000. American Century Companies Inc. lifted its holdings in Loews by 6.9% in the fourth quarter. American Century Companies Inc. now owns 89,589 shares of the insurance provider's stock worth $7,587,000 after acquiring an additional 5,750 shares during the last quarter. Mizuho Securities USA LLC lifted its holdings in Loews by 45.0% in the fourth quarter. Mizuho Securities USA LLC now owns 17,131 shares of the insurance provider's stock worth $1,451,000 after acquiring an additional 5,316 shares during the last quarter. Millstone Evans Group LLC acquired a new position in Loews in the fourth quarter valued at approximately $98,000. Finally, iA Global Asset Management Inc. grew its holdings in shares of Loews by 16.0% during the fourth quarter. iA Global Asset Management Inc. now owns 5,360 shares of the insurance provider's stock valued at $454,000 after purchasing an additional 740 shares during the last quarter. 58.33% of the stock is owned by institutional investors.

Loews Stock Performance

NYSE L traded up $0.92 on Monday, hitting $91.56. The stock had a trading volume of 216,034 shares, compared to its average volume of 716,231. Loews Co. has a one year low of $72.91 and a one year high of $92.13. The stock has a market cap of $19.49 billion, a price-to-earnings ratio of 14.33 and a beta of 0.80. The company's 50-day moving average is $85.78 and its two-hundred day moving average is $83.44. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50.

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Loews (NYSE:L - Get Free Report) last issued 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.27%. The ex-dividend date was Wednesday, February 26th. Loews's dividend payout ratio (DPR) is presently 3.91%.

Wall Street Analyst Weigh In

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

Insider Activity at Loews

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

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.