Boston Partners Buys 217,115 Shares of Loews Co. (NYSE:L)

Boston Partners boosted its stake in Loews Co. (NYSE:L) by 16.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,499,417 shares of the insurance provider’s stock after purchasing an additional 217,115 shares during the quarter. Boston Partners owned approximately 0.69% of Loews worth $126,983,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in L. Empowered Funds LLC boosted its stake in Loews by 7.2% in the 3rd quarter. Empowered Funds LLC now owns 2,990 shares of the insurance provider’s stock worth $236,000 after purchasing an additional 200 shares during the period. Natixis Advisors LLC boosted its position in shares of Loews by 5.6% during the 3rd quarter. Natixis Advisors LLC now owns 68,620 shares of the insurance provider’s stock valued at $5,424,000 after acquiring an additional 3,612 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Loews during the 3rd quarter valued at about $129,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Loews during the 3rd quarter valued at about $399,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Loews by 47.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 37,319 shares of the insurance provider’s stock valued at $2,950,000 after acquiring an additional 12,070 shares during the last quarter. Institutional investors own 58.33% of the company’s stock.

Loews Stock Performance

NYSE:L opened at $86.83 on Wednesday. The business has a 50 day moving average of $84.93 and a 200 day moving average of $82.95. The company has a market capitalization of $18.48 billion, a price-to-earnings ratio of 13.57 and a beta of 0.80. Loews Co. has a 1-year low of $72.91 and a 1-year high of $88.29. 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 earnings results on Monday, February 10th. The insurance provider reported $0.86 earnings per share for the quarter. Loews had a return on equity of 8.04% and a net margin of 8.08%.

Loews Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th were paid a $0.0625 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.25 dividend on an annualized basis and a yield of 0.29%. Loews’s dividend payout ratio (DPR) is currently 3.91%.

Insiders Place Their Bets

In other Loews news, Director Jonathan M. Tisch sold 3,691 shares of Loews stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total value of $320,710.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Andrew H. Tisch sold 7,533 shares of Loews stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $84.35, for a total value of $635,408.55. Following the completion of the transaction, the director now directly owns 1,568,191 shares in the company, valued at $132,276,910.85. This trade represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 158,860 shares of company stock valued at $13,486,463 in the last ninety days. Company insiders own 18.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded 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.