Loews Corporation $L Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management cut its stake in Loews by 33.2%, selling 122,571 shares and leaving it with 246,568 shares valued at about $25.97 million, while institutional investors collectively own roughly 58.33% of the company.
• Significant insider selling occurred this quarter: Director Andrew H. Tisch sold 50,000 shares for about $5.44 million, and insiders sold a total of 105,417 shares valued at approximately $11.55 million, with insiders now owning about 19% of the stock.
• Analyst sentiment is positive—Weiss Ratings reaffirmed a "Buy (A-)" and MarketBeat shows an average "Strong Buy"—and Loews trades near $110 with a market cap of $22.65 billion, a P/E of 13.79, and a $0.25 annual dividend (yield ~0.2%).

Robeco Institutional Asset Management B.V. reduced its position in shares of Loews Corporation (NYSE:L - Free Report) by 33.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 246,568 shares of the insurance provider's stock after selling 122,571 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.12% of Loews worth $25,966,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Invesco Ltd. raised its position in shares of Loews by 0.4% during the 3rd quarter. Invesco Ltd. now owns 3,363,861 shares of the insurance provider's stock valued at $337,698,000 after acquiring an additional 12,311 shares in the last quarter. Legal & General Group Plc grew its stake in Loews by 0.4% during the 3rd quarter. Legal & General Group Plc now owns 1,340,867 shares of the insurance provider's stock worth $134,610,000 after buying an additional 4,792 shares during the last quarter. California State Teachers Retirement System grew its stake in Loews by 12.1% during the 3rd quarter. California State Teachers Retirement System now owns 777,030 shares of the insurance provider's stock worth $78,006,000 after buying an additional 83,669 shares during the last quarter. AQR Capital Management LLC grew its stake in Loews by 8.3% during the 3rd quarter. AQR Capital Management LLC now owns 642,259 shares of the insurance provider's stock worth $64,351,000 after buying an additional 49,336 shares during the last quarter. Finally, Amundi grew its stake in Loews by 41.6% during the 3rd quarter. Amundi now owns 610,657 shares of the insurance provider's stock worth $62,513,000 after buying an additional 179,383 shares during the last quarter. 58.33% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Loews

In other news, Director Andrew H. Tisch sold 50,000 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $108.81, for a total value of $5,440,500.00. Following the completion of the transaction, the director owned 12,480,400 shares of the company's stock, valued at approximately $1,357,992,324. This represents a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ann E. Berman sold 1,922 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $110.16, for a total value of $211,727.52. Following the completion of the transaction, the director directly owned 4,998 shares of the company's stock, valued at approximately $550,579.68. The trade was a 27.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 105,417 shares of company stock valued at $11,549,723. 19.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "buy (a-)" rating on shares of Loews in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company has an average rating of "Strong Buy".

Loews Price Performance

Shares of L opened at $110.06 on Tuesday. The company has a market cap of $22.65 billion, a P/E ratio of 13.79 and a beta of 0.59. The stock has a fifty day moving average price of $108.70 and a 200 day moving average price of $105.25. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.36 and a quick ratio of 0.36. Loews Corporation has a 12 month low of $82.49 and a 12 month high of $114.90.

Loews (NYSE:L - Get Free Report) last issued its quarterly earnings data on Monday, February 9th. The insurance provider reported $1.94 EPS for the quarter. The firm had revenue of $4.73 billion during the quarter. Loews had a return on equity of 8.86% and a net margin of 9.03%.

Loews Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 25th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $0.25 annualized dividend and a dividend yield of 0.2%. Loews's dividend payout ratio is presently 3.13%.

About Loews

Loews Corporation NYSE: L is a diversified holding company that owns and operates businesses across insurance, hospitality, energy-related operations and other industrial and investment activities. The company holds controlling and significant minority interests in subsidiaries that run as standalone businesses, with corporate oversight focused on capital allocation, risk management and long-term value creation for shareholders.

One of Loews' principal businesses is insurance, conducted through CNA Financial, a commercial property and casualty insurer that underwrites a range of business insurance products for corporate and institutional clients.

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