Aware Super Pty Ltd as trustee of Aware Super Buys Shares of 99,006 Loews Co. (NYSE:L)

Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in shares of Loews Co. (NYSE:L - Free Report) 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.

A number of other hedge funds have also bought and sold shares of L. Norges Bank purchased a new position in Loews during the fourth quarter valued at approximately $623,493,000. Assenagon Asset Management S.A. raised its position in shares of Loews by 345.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 296,538 shares of the insurance provider's stock worth $25,114,000 after buying an additional 229,965 shares in the last quarter. Boston Partners boosted its stake in Loews by 16.9% during the fourth quarter. Boston Partners now owns 1,499,417 shares of the insurance provider's stock valued at $126,983,000 after buying an additional 217,115 shares during the period. Geode Capital Management LLC grew its position in Loews by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 4,476,087 shares of the insurance provider's stock worth $378,087,000 after buying an additional 210,594 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Loews in the 4th quarter worth about $12,727,000. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Loews Trading Up 0.1 %

NYSE L traded up $0.07 during trading on Friday, hitting $85.27. 536,344 shares of the company's stock traded hands, compared to its average volume of 734,647. The firm has a market cap of $17.94 billion, a P/E ratio of 13.32 and a beta of 0.60. The stock has a fifty day moving average of $85.91 and a two-hundred day moving average of $84.28. 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 Co. has a 12-month low of $73.15 and a 12-month high of $92.42.

Loews (NYSE:L - Get Free Report) last posted its quarterly 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th were given 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 yield of 0.29%. Loews's payout ratio is currently 3.91%.

Insiders Place Their Bets

In other news, Director Jonathan M. Tisch sold 50,000 shares of Loews stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $85.08, for a total value of $4,254,000.00. Following the sale, the director now directly owns 7,105,529 shares in the company, valued at approximately $604,538,407.32. This trade represents a 0.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan M. Tisch sold 3,691 shares of the business's stock in a transaction that occurred 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. Insiders have sold a total of 151,327 shares of company stock valued at $12,851,055 in the last quarter. Insiders own 18.70% of the company's stock.

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.