Unigestion Holding SA Sells 5,902 Shares of Loews Co. (NYSE:L)

Unigestion Holding SA cut its holdings in shares of Loews Co. (NYSE:L - Free Report) by 50.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,833 shares of the insurance provider's stock after selling 5,902 shares during the period. Unigestion Holding SA's holdings in Loews were worth $461,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Swedbank AB raised its position in shares of Loews by 15.6% during the 2nd quarter. Swedbank AB now owns 349,047 shares of the insurance provider's stock worth $26,088,000 after buying an additional 47,013 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Loews by 8.2% during the second quarter. Nisa Investment Advisors LLC now owns 122,208 shares of the insurance provider's stock valued at $9,134,000 after acquiring an additional 9,296 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Loews by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,611,751 shares of the insurance provider's stock worth $127,409,000 after purchasing an additional 8,615 shares in the last quarter. Intech Investment Management LLC lifted its position in Loews by 8.0% in the third quarter. Intech Investment Management LLC now owns 137,566 shares of the insurance provider's stock worth $10,875,000 after purchasing an additional 10,213 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake 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 valued at $2,950,000 after purchasing an additional 12,070 shares in the last quarter. 58.33% of the stock is owned by institutional investors.

Loews Stock Down 0.9 %

Shares of L stock traded down $0.80 on Thursday, hitting $83.95. The company's stock had a trading volume of 730,275 shares, compared to its average volume of 713,765. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market capitalization of $18.28 billion, a price-to-earnings ratio of 11.25 and a beta of 0.83. Loews Co. has a fifty-two week low of $67.20 and a fifty-two week high of $87.45. The firm's fifty day moving average price is $82.29 and its 200-day moving average price is $79.24.

Loews Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 27th were issued 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 yield of 0.30%. Loews's dividend payout ratio (DPR) is presently 3.32%.

Insider Activity

In related news, Director Charles M. Diker sold 1,146 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $86.83, for a total transaction of $99,507.18. Following the completion of the sale, 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 through this link. Also, Director Andrew H. Tisch sold 50,000 shares of the company's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $83.26, for a total value of $4,163,000.00. Following the transaction, the director now owns 11,939,677 shares of the company's stock, valued at approximately $994,097,507.02. This trade represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 126,146 shares of company stock valued at $10,499,507 over the last 90 days. 18.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.