Loews Co. (NYSE:L) Shares Acquired by Toronto Dominion Bank

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

Several other hedge funds have also modified their holdings of the company. Rafferty Asset Management LLC boosted its stake in shares of Loews by 3.2% during the 4th quarter. Rafferty Asset Management LLC now owns 63,780 shares of the insurance provider's stock worth $5,402,000 after acquiring an additional 2,007 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Loews by 5.6% during the 4th quarter. ProShare Advisors LLC now owns 56,480 shares of the insurance provider's stock worth $4,783,000 after acquiring an additional 2,988 shares in the last quarter. Quantinno Capital Management LP boosted its stake in shares of Loews by 37.7% during the 4th quarter. Quantinno Capital Management LP now owns 86,847 shares of the insurance provider's stock worth $7,355,000 after acquiring an additional 23,798 shares in the last quarter. Mufg Securities Americas Inc. purchased a new stake in shares of Loews during the 4th quarter worth about $226,000. Finally, Nomura Holdings Inc. purchased a new stake in shares of Loews during the 4th quarter worth about $505,000. 58.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Loews Price Performance

Loews stock traded up $0.27 during midday trading on Friday, reaching $87.86. The company had a trading volume of 764,042 shares, compared to its average volume of 729,628. The company has a market capitalization of $18.42 billion, a P/E ratio of 13.73 and a beta of 0.70. Loews Co. has a 12-month low of $73.15 and a 12-month high of $92.42. The firm's fifty day simple moving average is $87.20 and its 200-day simple moving average is $85.55. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34.

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

Loews Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors 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 yield of 0.28%. The ex-dividend date of this dividend is Wednesday, May 28th. Loews's dividend payout ratio is presently 4.11%.

Insider Activity at Loews

In other Loews news, Director Jonathan M. Tisch sold 50,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $85.08, for a total value of $4,254,000.00. Following the completion of the sale, the director now owns 7,105,529 shares in the company, valued at approximately $604,538,407.32. This represents a 0.70% 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 dated Thursday, May 8th. The shares were sold at an average price of $87.92, for a total transaction of $792,950.48. Following the completion of the sale, the senior vice president now owns 33,901 shares of the company's stock, valued at approximately $2,980,575.92. The trade was a 21.01% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 156,655 shares of company stock valued at $13,323,294. 18.70% of the stock is owned by corporate 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.