Loews Co. (NYSE:L) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its holdings in Loews Co. (NYSE:L) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,791 shares of the insurance provider’s stock after purchasing an additional 864 shares during the period. Asset Management One Co. Ltd.’s holdings in Loews were worth $6,333,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Miracle Mile Advisors LLC acquired a new position in shares of Loews in the fourth quarter worth about $315,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Loews by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,611,751 shares of the insurance provider’s stock worth $127,409,000 after purchasing an additional 8,615 shares during the period. Intech Investment Management LLC boosted its holdings in shares of Loews by 8.0% during the third quarter. Intech Investment Management LLC now owns 137,566 shares of the insurance provider’s stock worth $10,875,000 after purchasing an additional 10,213 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Loews by 47.8% during the third quarter. PNC Financial Services Group Inc. now owns 37,319 shares of the insurance provider’s stock worth $2,950,000 after purchasing an additional 12,070 shares during the period. Finally, Swedbank AB boosted its holdings in shares of Loews by 8.8% during the third quarter. Swedbank AB now owns 379,647 shares of the insurance provider’s stock worth $30,011,000 after purchasing an additional 30,600 shares during the period. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Loews news, Director Andrew H. Tisch sold 7,533 shares of Loews stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $84.35, for a total transaction of $635,408.55. Following the sale, the director now owns 1,568,191 shares in the company, valued at $132,276,910.85. The trade was a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan M. Tisch sold 3,691 shares of Loews 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,370 shares of company stock valued at $1,055,627. 18.70% of the stock is owned by company insiders.

Loews Trading Up 0.5 %

NYSE:L opened at $83.42 on Wednesday. Loews Co. has a 12 month low of $72.91 and a 12 month high of $88.29. The firm has a market cap of $17.76 billion, a price-to-earnings ratio of 11.08 and a beta of 0.83. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.48. The company’s 50 day moving average is $84.46 and its 200-day moving average is $82.03.

Loews (NYSE:L) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $0.86 EPS for the quarter. Loews had a net margin of 9.71% and a return on equity of 9.70%.

Loews Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Wednesday, February 26th. Loews’s dividend payout ratio (DPR) is currently 3.91%.

Analyst Ratings Changes

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

Loews Company 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.