Mitsubishi UFJ Trust & Banking Corp Sells 3,055 Shares of Loews Co. (NYSE:L)

Mitsubishi UFJ Trust & Banking Corp cut its position in Loews Co. (NYSE:L - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 181,576 shares of the insurance provider's stock after selling 3,055 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.08% of Loews worth $15,378,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp lifted its position in shares of Loews by 1.0% during the third quarter. State Street Corp now owns 8,077,241 shares of the insurance provider's stock worth $638,506,000 after acquiring an additional 82,581 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Loews by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,265,493 shares of the insurance provider's stock valued at $336,005,000 after purchasing an additional 53,428 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Loews by 0.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,191,888 shares of the insurance provider's stock worth $268,640,000 after purchasing an additional 8,750 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Loews by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,623,291 shares of the insurance provider's stock worth $137,477,000 after purchasing an additional 11,540 shares during the period. Finally, Boston Partners grew its holdings in Loews by 16.9% during the 4th quarter. Boston Partners now owns 1,499,417 shares of the insurance provider's stock valued at $126,983,000 after buying an additional 217,115 shares in the last quarter. Hedge funds and other institutional investors own 58.33% of the company's stock.

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Analyst Ratings Changes

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

Loews Price Performance

Shares of L traded up $1.31 during mid-day trading on Monday, reaching $91.95. 883,042 shares of the stock traded hands, compared to its average volume of 718,813. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. Loews Co. has a 1 year low of $72.91 and a 1 year high of $92.36. The company has a market cap of $19.57 billion, a price-to-earnings ratio of 14.37 and a beta of 0.80. The firm has a fifty day moving average price of $85.78 and a 200 day moving average price of $83.44.

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 return on equity of 8.04% and a net margin of 8.08%.

Loews Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th were given 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 3.91%.

Insider Activity at Loews

In related news, Director Jonathan M. Tisch sold 50,000 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $85.08, for a total value of $4,254,000.00. Following the completion of the sale, the director now owns 7,105,529 shares in the company, valued at $604,538,407.32. The trade was a 0.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Andrew H. Tisch sold 7,533 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $84.35, for a total value of $635,408.55. Following the completion of the sale, the director now directly owns 1,568,191 shares of the company's stock, valued at approximately $132,276,910.85. This represents a 0.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 158,860 shares of company stock valued at $13,486,463 over the last three months. 18.70% of the stock is owned by corporate 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.