Universal Beteiligungs und Servicegesellschaft mbH Has $30.83 Million Stock Position in Loews Corporation $L

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Loews by 10.8% in Q4 to 291,877 shares valued at $30.83 million, representing roughly 0.14% of the company.
• Insiders have been net sellers recently — executives including VP Marc Alpert and director Ann E. Berman sold shares, and insiders disposed of 105,417 shares worth $11.55 million over the past 90 days (insiders now own 19% of the stock).
• Loews fundamentals: market cap $23.13 billion, P/E 14.08, last quarter EPS $1.94 with revenue $4.73 billion, and an annualized dividend of $0.25 (yield ~0.2%); institutional investors own ~58.3% of the shares.

Universal Beteiligungs und Servicegesellschaft mbH grew its position in Loews Corporation (NYSE:L - Free Report) by 10.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 291,877 shares of the insurance provider's stock after buying an additional 28,404 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.14% of Loews worth $30,833,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Optas LLC boosted its holdings in shares of Loews by 4.3% during the fourth quarter. Optas LLC now owns 6,944 shares of the insurance provider's stock worth $731,000 after purchasing an additional 285 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in shares of Loews by 226.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,594 shares of the insurance provider's stock worth $378,000 after purchasing an additional 2,494 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Loews by 294.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 148,560 shares of the insurance provider's stock worth $15,645,000 after purchasing an additional 110,901 shares during the period. Benson Investment Management Company Inc. boosted its holdings in shares of Loews by 1.2% during the fourth quarter. Benson Investment Management Company Inc. now owns 61,480 shares of the insurance provider's stock worth $6,474,000 after purchasing an additional 745 shares during the period. Finally, AE Wealth Management LLC acquired a new stake in shares of Loews during the fourth quarter worth approximately $5,209,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Loews

In other Loews news, VP Marc A. Alpert sold 3,495 shares of Loews stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $109.87, for a total value of $383,995.65. Following the completion of the sale, the vice president directly owned 16,325 shares in the company, valued at $1,793,627.75. The trade was a 17.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann E. Berman sold 1,922 shares of Loews stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $110.16, for a total transaction of $211,727.52. Following the completion of the sale, the director owned 4,998 shares of the company's stock, valued at $550,579.68. This trade represents a 27.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 105,417 shares of company stock worth $11,549,723 over the last ninety days. 19.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a "buy (a-)" rating on shares of Loews in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company has an average rating of "Strong Buy".

Loews Stock Performance

L stock opened at $112.39 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a market cap of $23.13 billion, a P/E ratio of 14.08 and a beta of 0.59. The firm has a 50 day simple moving average of $108.84 and a 200 day simple moving average of $105.76. Loews Corporation has a 52 week low of $84.68 and a 52 week high of $114.90.

Loews (NYSE:L - Get Free Report) last posted its earnings results on Monday, February 9th. The insurance provider reported $1.94 earnings per share (EPS) for the quarter. The firm had revenue of $4.73 billion during the quarter. Loews had a net margin of 9.03% and a return on equity of 8.86%.

Loews Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th were paid a $0.0625 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $0.25 dividend on an annualized basis and a yield of 0.2%. Loews's payout ratio is 3.13%.

Loews Profile

Loews Corporation NYSE: L is a diversified holding company that owns and operates businesses across insurance, hospitality, energy-related operations and other industrial and investment activities. The company holds controlling and significant minority interests in subsidiaries that run as standalone businesses, with corporate oversight focused on capital allocation, risk management and long-term value creation for shareholders.

One of Loews' principal businesses is insurance, conducted through CNA Financial, a commercial property and casualty insurer that underwrites a range of business insurance products for corporate and institutional clients.

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