Loews Co. (NYSE:L) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its stake in Loews Co. (NYSE:L) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,941,567 shares of the insurance provider’s stock after selling 232,195 shares during the period. Vanguard Group Inc. owned approximately 9.62% of Loews worth $1,773,541,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of L. State Street Corp lifted its stake in shares of Loews by 1.0% in the 3rd quarter. State Street Corp now owns 8,077,241 shares of the insurance provider’s stock valued at $638,506,000 after purchasing an additional 82,581 shares in the last quarter. Geode Capital Management LLC raised its holdings in Loews by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,265,493 shares of the insurance provider’s stock valued at $336,005,000 after buying an additional 53,428 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Loews by 0.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,191,888 shares of the insurance provider’s stock valued at $268,640,000 after buying an additional 8,750 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Loews by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,623,291 shares of the insurance provider’s stock worth $137,477,000 after buying an additional 11,540 shares during the period. Finally, Boston Partners increased its position in shares of Loews by 16.9% in the fourth quarter. Boston Partners now owns 1,499,417 shares of the insurance provider’s stock worth $126,983,000 after acquiring an additional 217,115 shares in the last quarter. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Loews Stock Performance

Shares of NYSE:L opened at $90.52 on Thursday. The company has a market cap of $19.27 billion, a P/E ratio of 14.14 and a beta of 0.80. Loews Co. has a one year low of $72.91 and a one year high of $90.89. The business’s 50-day simple moving average is $85.58 and its 200 day simple moving average is $83.24. 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 posted its earnings results on Monday, February 10th. The insurance provider reported $0.86 EPS for the quarter. Loews had a net margin of 8.08% and a return on equity of 8.04%.

Loews Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.25 annualized dividend and a dividend yield of 0.28%. Loews’s dividend payout ratio is presently 3.91%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Loews

In other Loews news, Director Jonathan M. Tisch sold 3,691 shares of the firm’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $86.89, for a total transaction of $320,710.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew H. Tisch sold 7,533 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $84.35, for a total transaction of $635,408.55. Following the completion of the sale, the director now owns 1,568,191 shares in the company, valued at approximately $132,276,910.85. This trade represents a 0.48 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 158,860 shares of company stock valued at $13,486,463. 18.70% of the stock is currently owned by insiders.

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.