Robeco Institutional Asset Management B.V. Buys 5,114 Shares of Loews Corporation (NYSE:L)

Robeco Institutional Asset Management B.V. increased its stake in shares of Loews Corporation (NYSE:L - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 494,732 shares of the insurance provider's stock after acquiring an additional 5,114 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.24% of Loews worth $45,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Gilder Gagnon Howe & Co. LLC raised its holdings in shares of Loews by 3.2% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 3,884 shares of the insurance provider's stock valued at $329,000 after acquiring an additional 122 shares in the last quarter. Miracle Mile Advisors LLC raised its holdings in Loews by 3.5% in the 1st quarter. Miracle Mile Advisors LLC now owns 3,855 shares of the insurance provider's stock worth $354,000 after purchasing an additional 130 shares in the last quarter. Salvus Wealth Management LLC lifted its position in shares of Loews by 1.4% in the 1st quarter. Salvus Wealth Management LLC now owns 11,848 shares of the insurance provider's stock worth $1,089,000 after purchasing an additional 165 shares during the period. UMB Bank n.a. lifted its position in shares of Loews by 80.1% in the 1st quarter. UMB Bank n.a. now owns 470 shares of the insurance provider's stock worth $43,000 after purchasing an additional 209 shares during the period. Finally, Metis Global Partners LLC boosted its stake in shares of Loews by 3.7% during the 4th quarter. Metis Global Partners LLC now owns 6,158 shares of the insurance provider's stock valued at $522,000 after purchasing an additional 222 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors.

Insider Activity at Loews

In other news, SVP Richard Waldo Scott sold 9,019 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $87.92, for a total value of $792,950.48. Following the transaction, the senior vice president now directly owns 33,901 shares in the company, valued at $2,980,575.92. The trade was a 21.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 19.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

Loews Trading Up 1.3%

Shares of NYSE L opened at $90.10 on Friday. The company has a market cap of $18.89 billion, a PE ratio of 14.79 and a beta of 0.71. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.33 and a current ratio of 0.33. The firm's 50 day moving average price is $88.01 and its 200-day moving average price is $86.21. Loews Corporation has a 52-week low of $73.15 and a 52-week high of $92.42.

Loews (NYSE:L - Get Free Report) last issued its earnings results on Monday, May 5th. The insurance provider reported $1.74 earnings per share for the quarter. Loews had a return on equity of 7.43% and a net margin of 7.47%. The business had revenue of $4.49 billion during the quarter.

Loews Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date was Wednesday, May 28th. Loews's payout ratio is 4.11%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.