Aware Super Pty Ltd as trustee of Aware Super Takes Position in Loews Co. (NYSE:L)

Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Loews Co. (NYSE:L) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 99,006 shares of the insurance provider’s stock, valued at approximately $8,385,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Canada Post Corp Registered Pension Plan acquired a new stake in Loews in the 4th quarter valued at about $278,000. XTX Topco Ltd bought a new stake in shares of Loews during the fourth quarter valued at approximately $2,249,000. Townsquare Capital LLC acquired a new stake in shares of Loews in the fourth quarter valued at approximately $671,000. Sterling Capital Management LLC increased its holdings in shares of Loews by 53.7% in the fourth quarter. Sterling Capital Management LLC now owns 10,614 shares of the insurance provider’s stock valued at $899,000 after purchasing an additional 3,708 shares in the last quarter. Finally, Covestor Ltd raised its position in Loews by 29.3% in the 4th quarter. Covestor Ltd now owns 1,395 shares of the insurance provider’s stock worth $118,000 after purchasing an additional 316 shares during the last quarter. 58.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Jonathan M. Tisch sold 47,636 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $84.88, for a total value of $4,043,343.68. Following the completion of the transaction, the director now owns 6,705,529 shares of the company’s stock, valued at $569,165,301.52. The trade was a 0.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan M. Tisch sold 3,691 shares of the firm’s stock in a transaction on Thursday, February 6th. The stock was 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. Insiders sold a total of 151,327 shares of company stock valued at $12,851,055 over the last three months. Company insiders own 18.70% of the company’s stock.

Loews Stock Performance

Loews stock opened at $86.35 on Tuesday. The company has a market cap of $18.16 billion, a PE ratio of 13.49 and a beta of 0.60. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. Loews Co. has a 1 year low of $72.91 and a 1 year high of $92.42. The company’s 50-day moving average is $85.95 and its two-hundred day moving average is $84.10.

Loews (NYSE:L) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $0.86 earnings per share for the quarter. Loews had a net margin of 8.08% and a return on equity of 8.04%.

Loews Announces Dividend

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

Analysts Set New Price Targets

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