Robeco Institutional Asset Management B.V. Sells 79,538 Shares of Loews Co. (NYSE:L)

Robeco Institutional Asset Management B.V. lessened its holdings in shares of Loews Co. (NYSE:L - Free Report) by 14.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 489,618 shares of the insurance provider's stock after selling 79,538 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.22% of Loews worth $41,466,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Miracle Mile Advisors LLC bought a new position in shares of Loews in the fourth quarter valued at approximately $315,000. Charles Schwab Investment Management Inc. boosted its position in shares of Loews by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,611,751 shares of the insurance provider's stock valued at $127,409,000 after acquiring an additional 8,615 shares during the period. Intech Investment Management LLC raised its stake in Loews by 8.0% in the third quarter. Intech Investment Management LLC now owns 137,566 shares of the insurance provider's stock valued at $10,875,000 after purchasing an additional 10,213 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in 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 in the last quarter. Finally, Swedbank AB raised its stake in Loews by 8.8% in the third quarter. Swedbank AB now owns 379,647 shares of the insurance provider's stock valued at $30,011,000 after purchasing an additional 30,600 shares in the last quarter. Institutional investors own 58.33% of the company's stock.

Insiders Place Their Bets

In other news, Director Andrew H. Tisch sold 75,000 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $83.16, for a total transaction of $6,237,000.00. Following the completion of the sale, the director now owns 12,089,677 shares of the company's stock, valued at $1,005,377,539.32. This represents a 0.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles M. Diker sold 1,146 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $86.83, for a total transaction of $99,507.18. Following the sale, the director now directly owns 19,906 shares of the company's stock, valued at $1,728,437.98. The trade was a 5.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 133,679 shares of company stock valued at $11,134,916. 18.70% of the stock is owned by insiders.

Loews Trading Up 0.5 %

NYSE:L traded up $0.45 during trading hours on Thursday, hitting $86.47. The company had a trading volume of 66,147 shares, compared to its average volume of 634,506. The company has a market capitalization of $18.83 billion, a PE ratio of 11.48 and a beta of 0.83. The stock has a 50-day moving average price of $84.73 and a 200 day moving average price of $81.44. Loews Co. has a 52 week low of $71.45 and a 52 week high of $87.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.34 and a quick ratio of 0.34.

Loews (NYSE:L - Get Free Report) last announced its earnings results on Monday, November 4th. The insurance provider reported $1.82 EPS for the quarter. The firm had revenue of $4.47 billion for the quarter. Loews had a net margin of 9.71% and a return on equity of 9.70%.

Loews Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 27th were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend was Wednesday, November 27th. Loews's dividend payout ratio (DPR) is 3.32%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Loews from a "strong-buy" rating to a "buy" rating in a research note 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.