Loews Co. (NYSE:L) Shares Purchased by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lifted its position in shares of Loews Co. (NYSE:L - Free Report) by 17.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,616 shares of the insurance provider's stock after acquiring an additional 3,961 shares during the quarter. UniSuper Management Pty Ltd's holdings in Loews were worth $2,254,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Cerity Partners LLC grew its stake in Loews by 64.2% in the 3rd quarter. Cerity Partners LLC now owns 29,755 shares of the insurance provider's stock valued at $2,352,000 after acquiring an additional 11,637 shares during the period. BNP Paribas Financial Markets lifted its holdings in Loews by 42.1% during the third quarter. BNP Paribas Financial Markets now owns 235,569 shares of the insurance provider's stock valued at $18,622,000 after purchasing an additional 69,836 shares in the last quarter. Glenmede Trust Co. NA grew its position in shares of Loews by 20.5% in the third quarter. Glenmede Trust Co. NA now owns 5,605 shares of the insurance provider's stock valued at $443,000 after purchasing an additional 952 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Loews by 92.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,484 shares of the insurance provider's stock worth $37,745,000 after purchasing an additional 229,956 shares in the last quarter. Finally, Centiva Capital LP raised its position in shares of Loews by 56.3% during the 3rd quarter. Centiva Capital LP now owns 11,071 shares of the insurance provider's stock worth $875,000 after purchasing an additional 3,987 shares during the last quarter. 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 report on Tuesday, February 11th.

Insider Activity at Loews

In other Loews news, Director Jonathan M. Tisch sold 50,000 shares of the business's stock in a transaction dated 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 transaction, the director now directly 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 document filed with the SEC, which is available through the SEC website. Also, Director Jonathan M. Tisch sold 3,691 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total transaction of $320,710.99. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 151,327 shares of company stock valued at $12,851,055. 18.70% of the stock is currently owned by insiders.

Loews Price Performance

NYSE L traded down $4.81 during mid-day trading on Friday, hitting $86.30. The stock had a trading volume of 127,949 shares, compared to its average volume of 717,387. The firm's 50 day moving average is $86.30 and its 200 day moving average is $83.74. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market capitalization of $18.37 billion, a price-to-earnings ratio of 13.48 and a beta of 0.80. Loews Co. has a twelve month low of $72.91 and a twelve month high of $92.42.

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

Loews Dividend Announcement

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

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.