Loews Co. (NYSE:L) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC lifted its position in Loews Co. (NYSE:L - Free Report) by 45.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,131 shares of the insurance provider's stock after purchasing an additional 5,316 shares during the period. Mizuho Securities USA LLC's holdings in Loews were worth $1,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in L. Empowered Funds LLC grew its holdings in Loews by 7.2% in the third quarter. Empowered Funds LLC now owns 2,990 shares of the insurance provider's stock valued at $236,000 after purchasing an additional 200 shares during the period. Quest Partners LLC acquired a new position in Loews during the third quarter worth $129,000. PNC Financial Services Group Inc. grew its position in shares of Loews by 47.8% in the third 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 during the period. Charles Schwab Investment Management Inc. increased its stake in shares of 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. Finally, Citigroup Inc. raised its position in shares of Loews by 35.5% during the 3rd quarter. Citigroup Inc. now owns 266,850 shares of the insurance provider's stock worth $21,094,000 after purchasing an additional 69,896 shares during the last quarter. 58.33% of the stock is owned by hedge funds and other institutional investors.

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Loews Price Performance

Shares of Loews stock traded down $0.92 during trading hours on Friday, reaching $90.48. 103,781 shares of the company's stock were exchanged, compared to its average volume of 716,449. The business has a fifty day moving average of $85.69 and a two-hundred day moving average of $83.30. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $19.26 billion, a P/E ratio of 14.14 and a beta of 0.80. Loews Co. has a 1 year low of $72.91 and a 1 year high of $92.07.

Loews (NYSE:L - Get Free Report) last announced its quarterly earnings data 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th were issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend was Wednesday, February 26th. Loews's dividend payout ratio is presently 3.91%.

Insider Buying and Selling

In other news, Director Jonathan M. Tisch sold 3,691 shares of the firm's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total transaction of $320,710.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan M. Tisch sold 50,000 shares of Loews stock in a transaction on Tuesday, February 25th. The shares were 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 directly owns 7,105,529 shares of the company's stock, valued at $604,538,407.32. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 158,860 shares of company stock worth $13,486,463. Company insiders own 18.70% of the company's stock.

Analyst Upgrades and Downgrades

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

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.