US Bancorp DE Raises Stock Position in Loews Co. (NYSE:L)

US Bancorp DE lifted its stake in shares of Loews Co. (NYSE:L) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,715 shares of the insurance provider’s stock after acquiring an additional 233 shares during the quarter. US Bancorp DE’s holdings in Loews were worth $653,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of L. Terril Brothers Inc. acquired a new stake in Loews in the fourth quarter valued at approximately $202,000. Proficio Capital Partners LLC acquired a new stake in Loews in the fourth quarter valued at approximately $5,359,000. Mn Services Vermogensbeheer B.V. boosted its stake in Loews by 6.2% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 79,100 shares of the insurance provider’s stock valued at $6,699,000 after acquiring an additional 4,600 shares in the last quarter. Horizon Advisory Services Inc. acquired a new stake in Loews in the fourth quarter valued at approximately $325,000. Finally, Bank of New York Mellon Corp boosted its stake in Loews by 6.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,287,833 shares of the insurance provider’s stock valued at $109,067,000 after acquiring an additional 77,386 shares in the last quarter. 58.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Loews

In related news, Director Jonathan M. Tisch sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $85.08, for a total transaction of $4,254,000.00. Following the sale, the director now directly owns 7,105,529 shares of the company’s stock, valued at $604,538,407.32. This represents a 0.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan M. Tisch sold 3,691 shares of the company’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. Insiders have sold 61,224 shares of company stock worth $5,210,120 in the last ninety days. 18.70% of the stock is owned by insiders.

Loews Stock Down 0.3 %

L opened at $84.65 on Wednesday. The company has a fifty day moving average of $84.71 and a two-hundred day moving average of $82.78. Loews Co. has a fifty-two week low of $72.91 and a fifty-two week high of $88.29. The stock has a market capitalization of $18.02 billion, a price-to-earnings ratio of 13.23 and a beta of 0.80. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.34.

Loews (NYSE:L) 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 Dividend Announcement

The company also recently announced 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 0.30%. Loews’s payout ratio is 3.91%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Loews from a “buy” rating to a “hold” rating in a research note 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.