Gulf International Bank UK Ltd Has $1.28 Million Stock Position in Loews Co. (NYSE:L)

Gulf International Bank UK Ltd lowered its holdings in shares of Loews Co. (NYSE:L) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,120 shares of the insurance provider’s stock after selling 140 shares during the period. Gulf International Bank UK Ltd’s holdings in Loews were worth $1,280,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of L. Brooklyn Investment Group bought a new stake in shares of Loews during the third quarter valued at approximately $40,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Loews during the third quarter valued at approximately $49,000. Human Investing LLC bought a new stake in shares of Loews during the fourth quarter valued at approximately $51,000. Venturi Wealth Management LLC boosted its position in shares of Loews by 10.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,237 shares of the insurance provider’s stock valued at $105,000 after buying an additional 119 shares during the last quarter. Finally, Principal Securities Inc. boosted its position in shares of Loews by 24.4% during the fourth quarter. Principal Securities Inc. now owns 1,440 shares of the insurance provider’s stock valued at $122,000 after buying an additional 282 shares during the last quarter. Institutional investors own 58.33% of the company’s stock.

Insiders Place Their Bets

In other news, Director Andrew H. Tisch sold 7,533 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $84.35, for a total transaction of $635,408.55. Following the transaction, the director now owns 1,568,191 shares of the company’s stock, valued at $132,276,910.85. This represents a 0.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan M. Tisch sold 3,691 shares of the company’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $86.89, for a total value of $320,710.99. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,370 shares of company stock valued at $5,309,627. Insiders own 18.70% of the company’s stock.

Loews Stock Up 0.9 %

Shares of NYSE:L opened at $86.56 on Friday. The stock has a market cap of $18.43 billion, a price-to-earnings ratio of 13.53 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 0.50. Loews Co. has a 12-month low of $72.91 and a 12-month high of $88.29. The business’s 50 day moving average is $84.60 and its 200 day moving average is $82.44.

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 return on equity of 8.04% and a net margin of 8.08%.

Loews Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th will be given a $0.0625 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.25 annualized dividend and a yield of 0.29%. Loews’s dividend payout ratio is currently 3.91%.

Wall Street Analyst Weigh In

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

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.