Russell Investments Group Ltd. Has $10.07 Million Stock Position in Loews Co. (NYSE:L)

Russell Investments Group Ltd. lifted its holdings in Loews Co. (NYSE:L - Free Report) by 66.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,857 shares of the insurance provider's stock after purchasing an additional 47,394 shares during the quarter. Russell Investments Group Ltd. owned 0.05% of Loews worth $10,066,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its stake in Loews by 33.2% in the third quarter. Janus Henderson Group PLC now owns 25,249 shares of the insurance provider's stock valued at $1,996,000 after acquiring an additional 6,300 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in Loews by 15.2% during the third quarter. Integrated Wealth Concepts LLC now owns 3,114 shares of the insurance provider's stock worth $246,000 after buying an additional 411 shares during the last quarter. Orion Portfolio Solutions LLC raised its stake in Loews by 5.1% in the third quarter. Orion Portfolio Solutions LLC now owns 18,617 shares of the insurance provider's stock valued at $1,472,000 after buying an additional 901 shares during the period. MML Investors Services LLC boosted its stake in shares of Loews by 7.0% during the 3rd quarter. MML Investors Services LLC now owns 10,717 shares of the insurance provider's stock worth $847,000 after acquiring an additional 701 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of Loews by 1.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 55,785 shares of the insurance provider's stock worth $4,410,000 after acquiring an additional 556 shares during the last quarter. Institutional investors and hedge funds own 58.33% of the company's stock.

Remove Ads

Analysts Set New Price Targets

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

Loews Stock Performance

L stock traded down $0.18 during mid-day trading on Tuesday, hitting $86.14. 446,134 shares of the company were exchanged, compared to its average volume of 735,425. The stock has a market capitalization of $18.12 billion, a PE ratio of 13.46 and a beta of 0.60. 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 $92.42. The business has a 50 day simple moving average of $85.95 and a 200-day simple moving average of $84.10.

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

Loews Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th were issued a $0.0625 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.25 annualized dividend and a yield of 0.29%. Loews's dividend payout ratio is presently 3.91%.

Insider Activity

In other news, Director Jonathan M. Tisch sold 3,691 shares of the business'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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan M. Tisch sold 47,636 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $84.88, for a total value of $4,043,343.68. Following the completion of the sale, the director now directly owns 6,705,529 shares in the company, valued at $569,165,301.52. This trade represents a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 151,327 shares of company stock worth $12,851,055. 18.70% of the stock is currently owned by company insiders.

About Loews

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.