Loews Corporation (NYSE:L) Stock Holdings Boosted by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Loews Corporation (NYSE:L - Free Report) by 97.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 217,887 shares of the insurance provider's stock after purchasing an additional 107,715 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.10% of Loews worth $20,026,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of L. Norges Bank purchased a new position in Loews during the fourth quarter worth $623,493,000. Geode Capital Management LLC grew its position in shares of Loews by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 4,476,087 shares of the insurance provider's stock valued at $378,087,000 after purchasing an additional 210,594 shares during the period. Invesco Ltd. grew its position in shares of Loews by 0.8% in the fourth quarter. Invesco Ltd. now owns 4,462,387 shares of the insurance provider's stock valued at $377,920,000 after purchasing an additional 33,428 shares during the period. Northern Trust Corp grew its position in shares of Loews by 2.6% in the fourth quarter. Northern Trust Corp now owns 2,097,608 shares of the insurance provider's stock valued at $177,646,000 after purchasing an additional 53,625 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Loews by 17.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,423,409 shares of the insurance provider's stock valued at $120,549,000 after purchasing an additional 207,568 shares during the period. 58.33% of the stock is owned by institutional investors and hedge funds.

Loews Stock Up 0.4%

Shares of L traded up $0.39 during midday trading on Friday, reaching $91.65. 436,659 shares of the company were exchanged, compared to its average volume of 785,397. The stock has a 50-day moving average price of $89.86 and a 200-day moving average price of $87.25. The company has a market cap of $19.22 billion, a price-to-earnings ratio of 15.05 and a beta of 0.70. Loews Corporation has a 1-year low of $75.16 and a 1-year high of $93.23. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.47.

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

Loews Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.27%. The ex-dividend date was Wednesday, May 28th. Loews's dividend payout ratio (DPR) is 4.11%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Loews

In related 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 owned 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 19.00% 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.