Ensign Peak Advisors Inc Has $5.39 Million Stock Holdings in Loews Co. (NYSE:L)

Ensign Peak Advisors Inc grew its position in shares of Loews Co. (NYSE:L - Free Report) by 30.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,663 shares of the insurance provider's stock after buying an additional 14,816 shares during the quarter. Ensign Peak Advisors Inc's holdings in Loews were worth $5,392,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Loews during the fourth quarter valued at approximately $26,000. Itau Unibanco Holding S.A. raised its holdings in Loews by 387.6% in the fourth quarter. Itau Unibanco Holding S.A. now owns 434 shares of the insurance provider's stock worth $37,000 after purchasing an additional 345 shares during the period. Human Investing LLC acquired a new stake in Loews in the fourth quarter worth $51,000. Graney & King LLC acquired a new stake in Loews in the fourth quarter worth $56,000. Finally, Intact Investment Management Inc. acquired a new stake in Loews in the fourth quarter worth $68,000. 58.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Loews from a "hold" rating to a "buy" rating in a report on Tuesday, May 6th.

Loews Trading Down 0.8%

Shares of NYSE:L opened at $88.60 on Wednesday. Loews Co. has a 12 month low of $73.15 and a 12 month high of $92.42. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. The company's fifty day simple moving average is $86.75 and its 200 day simple moving average is $85.08. The firm has a market cap of $18.58 billion, a price-to-earnings ratio of 13.84 and a beta of 0.70.

Loews (NYSE:L - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The insurance provider reported $1.74 EPS for the quarter. Loews had a net margin of 8.08% and a return on equity of 8.04%. The business had revenue of $4.49 billion for the quarter.

Loews Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th will be paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.28%. Loews's payout ratio is currently 4.11%.

Insider Buying and Selling at Loews

In other news, SVP Richard Waldo Scott sold 9,019 shares of Loews stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $87.92, for a total value of $792,950.48. Following the completion of the transaction, the senior vice president now owns 33,901 shares of the company's stock, valued at $2,980,575.92. This trade represents a 21.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan M. Tisch sold 50,000 shares of Loews stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $84.66, for a total transaction of $4,233,000.00. Following the completion of the transaction, the director now directly owns 6,755,529 shares of the company's stock, valued at approximately $571,923,085.14. This trade represents a 0.73% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 156,655 shares of company stock worth $13,323,294. Insiders own 19.00% of the company's stock.

About Loews

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.

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