Nuveen Asset Management LLC Has $32.95 Million Stock Position in Loews Co. (NYSE:L)

Nuveen Asset Management LLC reduced its position in Loews Co. (NYSE:L - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 389,017 shares of the insurance provider's stock after selling 13,260 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.18% of Loews worth $32,946,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC bought a new position in shares of Loews in the fourth quarter valued at about $26,000. Minot DeBlois Advisors LLC bought a new position in shares of Loews in the fourth quarter valued at about $27,000. Itau Unibanco Holding S.A. raised its holdings in shares of Loews by 387.6% in the fourth quarter. Itau Unibanco Holding S.A. now owns 434 shares of the insurance provider's stock valued at $37,000 after buying an additional 345 shares during the last quarter. Human Investing LLC bought a new position in shares of Loews in the fourth quarter valued at about $51,000. Finally, Graney & King LLC bought a new position in shares of Loews in the fourth quarter valued at about $56,000. 58.33% of the stock is owned by institutional investors.

Loews Trading Up 0.3%

NYSE L traded up $0.27 during trading on Friday, reaching $87.86. 764,042 shares of the stock traded hands, compared to its average volume of 729,628. Loews Co. has a fifty-two week low of $73.15 and a fifty-two week 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 firm has a market cap of $18.42 billion, a price-to-earnings ratio of 13.73 and a beta of 0.70. The stock's 50-day moving average price is $87.20 and its 200 day moving average price is $85.55.

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

Loews Announces Dividend

The company also recently announced 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%. The ex-dividend date of this dividend is Wednesday, May 28th. Loews's payout ratio is 4.11%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Loews

In related news, Director Jonathan M. Tisch sold 50,000 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $84.66, for a total value of $4,233,000.00. Following the sale, the director now owns 6,755,529 shares in the company, valued at approximately $571,923,085.14. This represents a 0.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Richard Waldo Scott sold 9,019 shares of the stock in a transaction on 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 sale, the senior vice president now owns 33,901 shares in the company, valued at approximately $2,980,575.92. This trade represents a 21.01% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 156,655 shares of company stock worth $13,323,294. Corporate insiders own 18.70% 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.