Loews Co. (NYSE:L) Stock Holdings Increased by Invesco Ltd.

Invesco Ltd. increased its position in Loews Co. (NYSE:L - Free Report) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,462,387 shares of the insurance provider's stock after buying an additional 33,428 shares during the period. Invesco Ltd. owned 2.05% of Loews worth $377,920,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of L. Halbert Hargrove Global Advisors LLC bought a new position in Loews in the 4th quarter worth about $26,000. Human Investing LLC purchased a new position in Loews during the 4th quarter worth $51,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Loews in the 3rd quarter valued at approximately $49,000. Graney & King LLC purchased a new stake in shares of Loews during the fourth quarter valued at $56,000. Finally, Intact Investment Management Inc. acquired a new stake in shares of Loews during the fourth quarter worth about $68,000. 58.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Loews

In other Loews news, Director Jonathan M. Tisch sold 50,000 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $84.66, for a total value of $4,233,000.00. Following the sale, the director now directly owns 6,755,529 shares of the company's stock, valued at approximately $571,923,085.14. This trade represents a 0.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan M. Tisch sold 3,691 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total transaction of $320,710.99. The disclosure for this sale can be found here. Insiders have sold a total of 151,327 shares of company stock worth $12,851,055 over the last three months. 18.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Loews Stock Up 0.5 %

L stock traded up $0.47 during mid-day trading on Tuesday, reaching $86.79. The company had a trading volume of 79,441 shares, compared to its average volume of 733,995. The firm has a fifty day simple moving average of $85.95 and a 200 day simple moving average of $84.10. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.34. Loews Co. has a fifty-two week low of $72.91 and a fifty-two week high of $92.42. The company has a market capitalization of $18.26 billion, a price-to-earnings ratio of 13.56 and a beta of 0.60.

Loews (NYSE:L - Get Free Report) last posted its earnings results on Monday, February 10th. The insurance provider reported $0.86 EPS for the quarter. Loews had a net margin of 8.08% and a return on equity of 8.04%.

Loews Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.29%. Loews's dividend payout ratio (DPR) is 3.91%.

Loews Company 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.