Mn Services Vermogensbeheer B.V. Acquires 4,600 Shares of Loews Co. (NYSE:L)

Mn Services Vermogensbeheer B.V. increased its stake in shares of Loews Co. (NYSE:L - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 79,100 shares of the insurance provider's stock after purchasing an additional 4,600 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Loews were worth $6,699,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. State Street Corp increased its position in 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 during the period. Geode Capital Management LLC lifted its position in Loews by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,265,493 shares of the insurance provider's stock worth $336,005,000 after buying an additional 53,428 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position 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 valued at $268,640,000 after purchasing an additional 8,750 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Loews by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,611,751 shares of the insurance provider's stock valued at $127,409,000 after purchasing an additional 8,615 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Loews by 6.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,287,833 shares of the insurance provider's stock valued at $109,067,000 after purchasing an additional 77,386 shares during the period. 58.33% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

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

Loews Price Performance

Shares of NYSE L traded up $0.33 during mid-day trading on Wednesday, reaching $85.40. The company had a trading volume of 663,923 shares, compared to its average volume of 717,389. Loews Co. has a one year low of $72.91 and a one year high of $88.29. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.34. The business's 50-day simple moving average is $84.69 and its 200 day simple moving average is $82.60. The firm has a market cap of $18.18 billion, a price-to-earnings ratio of 13.34 and a beta of 0.83.

Loews (NYSE:L - Get Free Report) last posted 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th will be paid a $0.0625 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $0.25 annualized dividend and a dividend yield of 0.29%. Loews's payout ratio is 3.91%.

Insider Activity at Loews

In other news, Director Jonathan M. Tisch sold 3,691 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $86.89, for a total value of $320,710.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonathan M. Tisch sold 50,000 shares of Loews stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $85.08, for a total transaction of $4,254,000.00. Following the completion of the transaction, the director now directly owns 7,105,529 shares in the company, valued at approximately $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 90 days, insiders sold 61,224 shares of company stock worth $5,210,120. 18.70% of the stock is 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.