5,959 Shares in Loews Co. (NYSE:L) Purchased by Nomura Holdings Inc.

Nomura Holdings Inc. bought a new position in shares of Loews Co. (NYSE:L - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,959 shares of the insurance provider's stock, valued at approximately $505,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC purchased a new stake in Loews during the fourth quarter worth $26,000. Minot DeBlois Advisors LLC acquired a new position in shares of Loews in the fourth quarter worth about $27,000. Itau Unibanco Holding S.A. boosted its stake in shares of Loews by 387.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 434 shares of the insurance provider's stock worth $37,000 after acquiring an additional 345 shares in the last quarter. Human Investing LLC acquired a new stake in shares of Loews during the 4th quarter valued at about $51,000. Finally, Graney & King LLC purchased a new position in shares of Loews in the 4th quarter valued at about $56,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Loews Price Performance

L traded up $0.27 during midday trading on Friday, hitting $87.86. 764,042 shares of the company traded hands, compared to its average volume of 729,628. The business has a 50 day simple moving average of $87.20 and a two-hundred day simple moving average of $85.55. Loews Co. has a 52-week low of $73.15 and a 52-week high of $92.42. The company has a market capitalization of $18.42 billion, a price-to-earnings ratio of 13.73 and a beta of 0.70. 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 (NYSE:L - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The insurance provider reported $1.74 earnings per share for the quarter. Loews had a net margin of 8.08% and a return on equity of 8.04%. The firm had revenue of $4.49 billion during the quarter.

Loews Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be given a $0.0625 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $0.25 annualized dividend and a dividend yield of 0.28%. Loews's dividend payout ratio (DPR) is presently 4.11%.

Insider Transactions at Loews

In other news, SVP Richard Waldo Scott sold 9,019 shares of Loews stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $87.92, for a total transaction of $792,950.48. Following the transaction, the senior vice president now owns 33,901 shares in the company, valued at $2,980,575.92. The trade was a 21.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan M. Tisch sold 50,000 shares of the business's 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 transaction, the director now directly owns 6,755,529 shares in the company, valued at approximately $571,923,085.14. The trade was a 0.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 156,655 shares of company stock valued at $13,323,294 over the last ninety days. Insiders own 18.70% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Loews from a "hold" rating to a "buy" rating in a research report on Tuesday, May 6th.

Loews Company 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.