Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 110,172 Loews Co. (NYSE:L)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Loews Co. (NYSE:L - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 110,172 shares of the insurance provider's stock, valued at approximately $9,330,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.05% of Loews at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Loews during the 4th quarter worth $623,493,000. Boston Partners increased its stake in shares of Loews by 16.9% during the fourth quarter. Boston Partners now owns 1,499,417 shares of the insurance provider's stock worth $126,983,000 after buying an additional 217,115 shares during the period. Geode Capital Management LLC grew its holdings in Loews by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 4,476,087 shares of the insurance provider's stock worth $378,087,000 after acquiring an additional 210,594 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Loews by 17.1% in the 4th 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 last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Loews by 51.2% in the 4th quarter. First Trust Advisors LP now owns 531,038 shares of the insurance provider's stock valued at $44,974,000 after purchasing an additional 179,772 shares in the last quarter. Hedge funds and other institutional investors own 58.33% of the company's stock.

Insider Transactions at Loews

In other Loews news, Director Jonathan M. Tisch sold 50,000 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $84.66, for a total value of $4,233,000.00. Following the transaction, the director now owns 6,755,529 shares of the company's stock, valued at $571,923,085.14. This trade represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a legal 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 that occurred on Thursday, May 8th. The stock was sold at an average price of $87.92, for a total value of $792,950.48. Following the sale, the senior vice president now owns 33,901 shares in the company, valued at $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. Over the last quarter, insiders sold 106,655 shares of company stock valued at $9,069,294. 19.00% of the stock is currently owned by corporate insiders.

Loews Trading Up 0.0%

L traded up $0.01 during trading on Tuesday, hitting $89.68. 594,024 shares of the company's stock were exchanged, compared to its average volume of 752,279. Loews Co. has a 1 year low of $73.15 and a 1 year high of $92.42. The stock has a 50 day moving average price of $87.22 and a 200 day moving average price of $85.82. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The firm has a market cap of $18.81 billion, a P/E ratio of 14.01 and a beta of 0.70.

Loews (NYSE:L - Get Free Report) last posted its earnings results on Monday, May 5th. The insurance provider reported $1.74 EPS 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Wednesday, May 28th. Loews's dividend payout ratio (DPR) is currently 4.11%.

Wall Street Analyst Weigh In

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

Loews Company 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.