Nomura Holdings Inc. Makes New $258,000 Investment in Loews Co. (NYSE:L)

Nomura Holdings Inc. bought a new position in Loews Co. (NYSE:L) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,706 shares of the insurance provider’s stock, valued at approximately $258,000.

Several other institutional investors have also made changes to their positions in the company. Altshuler Shaham Ltd acquired a new stake in Loews during the 4th quarter worth about $26,000. Northwest Financial Advisors purchased a new position in Loews during the fourth quarter valued at approximately $28,000. Operose Advisors LLC acquired a new position in Loews in the 3rd quarter valued at approximately $30,000. Desjardins Global Asset Management Inc. lifted its position in Loews by 225.2% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 491 shares of the insurance provider’s stock worth $34,000 after buying an additional 340 shares in the last quarter. Finally, Principal Securities Inc. acquired a new stake in shares of Loews during the 4th quarter valued at $38,000. 58.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Loews news, insider Jonathan M. Tisch sold 50,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $77.24, for a total transaction of $3,862,000.00. Following the completion of the sale, the insider now directly owns 507,799 shares in the company, valued at $39,222,394.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 150,000 shares of company stock valued at $11,588,500. Company insiders own 18.70% of the company’s stock.

Loews Stock Up 0.1 %

Shares of Loews stock opened at $76.56 on Monday. The firm has a market cap of $16.95 billion, a price-to-earnings ratio of 11.36 and a beta of 0.85. The stock has a 50-day simple moving average of $75.75 and a 200-day simple moving average of $74.10. Loews Co. has a 52-week low of $57.55 and a 52-week high of $78.55. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34.

Loews (NYSE:L) last released its quarterly earnings results on Monday, May 6th. The insurance provider reported $2.05 earnings per share for the quarter. The business had revenue of $4.23 billion for the quarter. Loews had a net margin of 9.27% and a return on equity of 9.45%.

Loews Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date was Wednesday, May 29th. Loews’s payout ratio is 3.71%.

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.