Toronto Dominion Bank Purchases 5,039 Shares of Loews Co. (NYSE:L)

Toronto Dominion Bank boosted its stake in Loews Co. (NYSE:L - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,517 shares of the insurance provider's stock after purchasing an additional 5,039 shares during the period. Toronto Dominion Bank's holdings in Loews were worth $8,259,000 at the end of the most recent reporting period.

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

Loews Stock Up 0.7%

NYSE:L traded up $0.61 during trading hours on Tuesday, hitting $88.49. 123,967 shares of the stock traded hands, compared to its average volume of 727,272. The firm has a 50 day moving average price of $87.20 and a 200 day moving average price of $85.62. 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 Co. has a fifty-two week low of $73.15 and a fifty-two week high of $92.42. The firm has a market cap of $18.56 billion, a price-to-earnings ratio of 13.83 and a beta of 0.70.

Loews (NYSE:L - Get Free Report) last posted 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 business had revenue of $4.49 billion for the quarter.

Loews Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be paid 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 of this dividend is Wednesday, May 28th. Loews's dividend payout ratio (DPR) is presently 4.11%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Loews

In other Loews news, 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 transaction of $792,950.48. Following the transaction, the senior vice president now directly owns 33,901 shares of the company's stock, valued at $2,980,575.92. This represents a 21.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $4,233,000.00. Following the transaction, the director now directly owns 6,755,529 shares in the company, valued at $571,923,085.14. The trade was a 0.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 106,655 shares of company stock valued at $9,069,294. 19.00% of the stock is owned by insiders.

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.