Nordea Investment Management AB Acquires 1,085 Shares of Loews Co. (NYSE:L)

Nordea Investment Management AB lifted its holdings in shares of Loews Co. (NYSE:L) by 7.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,619 shares of the insurance provider’s stock after acquiring an additional 1,085 shares during the period. Nordea Investment Management AB’s holdings in Loews were worth $1,323,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Loews by 92.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,484 shares of the insurance provider’s stock valued at $37,745,000 after purchasing an additional 229,956 shares during the last quarter. Bank of Montreal Can lifted its holdings in Loews by 106.3% during the 2nd quarter. Bank of Montreal Can now owns 353,160 shares of the insurance provider’s stock valued at $27,338,000 after purchasing an additional 182,009 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Loews by 6.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,673,906 shares of the insurance provider’s stock valued at $199,858,000 after purchasing an additional 161,810 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Loews by 22.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 569,156 shares of the insurance provider’s stock valued at $44,992,000 after purchasing an additional 105,810 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Loews by 13.1% during the 3rd quarter. Barclays PLC now owns 752,380 shares of the insurance provider’s stock valued at $59,473,000 after purchasing an additional 87,259 shares during the last quarter. 58.33% of the stock is owned by institutional investors.

Loews Stock Down 2.8 %

Shares of NYSE:L opened at $81.16 on Monday. Loews Co. has a one year low of $70.36 and a one year high of $87.45. The company has a 50 day moving average of $84.02 and a 200-day moving average of $80.56. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market cap of $17.67 billion, a price-to-earnings ratio of 10.78 and a beta of 0.83.

Loews Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Wednesday, November 27th were paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend was Wednesday, November 27th. Loews’s payout ratio is 3.32%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Loews from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th.

Insider Buying and Selling

In other Loews news, Director Andrew H. Tisch sold 50,000 shares of Loews stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $83.26, for a total value of $4,163,000.00. Following the transaction, the director now owns 11,939,677 shares of the company’s stock, valued at approximately $994,097,507.02. The trade was a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles M. Diker sold 1,146 shares of Loews stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $86.83, for a total transaction of $99,507.18. Following the completion of the transaction, the director now directly owns 19,906 shares in the company, valued at approximately $1,728,437.98. The trade was a 5.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 133,679 shares of company stock valued at $11,134,916 in the last 90 days. 18.70% of the stock is owned by insiders.

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.