USS Investment Management Ltd Has $2.50 Million Holdings in Loews Co. (NYSE:L)

USS Investment Management Ltd lowered its holdings in shares of Loews Co. (NYSE:L - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,553 shares of the insurance provider's stock after selling 4,006 shares during the period. USS Investment Management Ltd's holdings in Loews were worth $2,504,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of L. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Loews in the 4th quarter worth $26,000. Minot DeBlois Advisors LLC purchased a new position in Loews during the 4th quarter valued at about $27,000. Itau Unibanco Holding S.A. grew its holdings in shares of Loews by 387.6% during the fourth quarter. Itau Unibanco Holding S.A. now owns 434 shares of the insurance provider's stock worth $37,000 after buying an additional 345 shares in the last quarter. Human Investing LLC purchased a new stake in shares of Loews during the fourth quarter worth about $51,000. Finally, Graney & King LLC purchased a new stake in shares of Loews during the fourth quarter worth about $56,000. Institutional investors and hedge funds own 58.33% of the company's stock.

Loews Stock Up 0.2%

NYSE L traded up $0.22 during trading hours on Thursday, reaching $88.32. 159,667 shares of the company traded hands, compared to its average volume of 727,141. The stock has a market capitalization of $18.52 billion, a PE ratio of 13.79 and a beta of 0.70. The company has a 50 day moving average of $87.23 and a two-hundred day moving average of $85.66. 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 Co. has a 12 month low of $73.15 and a 12 month high of $92.42.

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

Loews Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th will be issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Wednesday, May 28th. Loews's payout ratio is 4.11%.

Analyst Ratings Changes

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

Insider Transactions at Loews

In related news, SVP Richard Waldo Scott sold 9,019 shares of the company's stock in a transaction on 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 transaction, the senior vice president now directly owns 33,901 shares in the company, valued at $2,980,575.92. This represents a 21.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan M. Tisch sold 47,636 shares of Loews stock in a transaction on 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 owns 6,705,529 shares in the company, valued at $569,165,301.52. This represents a 0.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 106,655 shares of company stock valued at $9,069,294 over the last three months. 19.00% of the stock is owned by corporate insiders.

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.