UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 207,568 Shares of Loews Co. (NYSE:L)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Loews Co. (NYSE:L - Free Report) by 17.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,423,409 shares of the insurance provider's stock after purchasing an additional 207,568 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.65% of Loews worth $120,549,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Halbert Hargrove Global Advisors LLC acquired a new stake in Loews in the fourth quarter valued at $26,000. Minot DeBlois Advisors LLC acquired a new stake in Loews during the 4th quarter valued at approximately $27,000. Itau Unibanco Holding S.A. raised its holdings in 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 purchasing an additional 345 shares during the last quarter. Human Investing LLC acquired a new position in shares of Loews in the 4th quarter worth approximately $51,000. Finally, Graney & King LLC acquired a new stake in shares of Loews during the fourth quarter worth $56,000. 58.33% of the stock is owned by institutional investors.

Loews Stock Performance

Shares of L stock traded up $1.18 during trading on Tuesday, hitting $89.06. The company's stock had a trading volume of 611,626 shares, compared to its average volume of 729,156. The business has a fifty day moving average of $87.20 and a 200-day moving average of $85.62. The company has a market cap of $18.68 billion, a PE ratio of 13.92 and a beta of 0.70. Loews Co. has a 52 week low of $73.15 and a 52 week high of $92.42. 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 issued its quarterly earnings results on Monday, May 5th. The insurance provider reported $1.74 earnings per share (EPS) for the quarter. Loews had a net margin of 8.08% and a return on equity of 8.04%. The company had revenue of $4.49 billion during the quarter.

Loews Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th will be issued 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 dividend payout ratio (DPR) is currently 4.11%.

Insider Activity at Loews

In other news, Director Jonathan M. Tisch sold 47,636 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $84.88, for a total transaction of $4,043,343.68. Following the sale, the director now directly owns 6,705,529 shares in the company, valued at $569,165,301.52. This represents a 0.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Richard Waldo Scott sold 9,019 shares of the stock in a transaction dated Thursday, May 8th. The stock was 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 directly owns 33,901 shares in the company, valued at approximately $2,980,575.92. The trade was a 21.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,655 shares of company stock worth $9,069,294. Company insiders own 19.00% of the company's stock.

Wall Street Analyst Weigh In

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

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.