Hsbc Holdings PLC Increases Stake in Loews Co. (NYSE:L)

Hsbc Holdings PLC raised its stake in Loews Co. (NYSE:L - Free Report) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 714,833 shares of the insurance provider's stock after purchasing an additional 15,888 shares during the period. Hsbc Holdings PLC owned 0.33% of Loews worth $60,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. State of Tennessee Department of Treasury boosted its holdings in Loews by 60.8% in the fourth quarter. State of Tennessee Department of Treasury now owns 113,873 shares of the insurance provider's stock worth $9,644,000 after acquiring an additional 43,075 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Loews by 116.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,701 shares of the insurance provider's stock worth $1,160,000 after buying an additional 7,382 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of Loews by 1.0% during the fourth quarter. MetLife Investment Management LLC now owns 47,809 shares of the insurance provider's stock worth $4,049,000 after buying an additional 491 shares during the period. Natixis lifted its stake in shares of Loews by 70.6% during the fourth quarter. Natixis now owns 44,978 shares of the insurance provider's stock worth $3,809,000 after buying an additional 18,615 shares during the period. Finally, Norinchukin Bank The grew its holdings in shares of Loews by 6.1% during the fourth quarter. Norinchukin Bank The now owns 7,664 shares of the insurance provider's stock valued at $649,000 after buying an additional 443 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut Loews from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th.

Insider Activity

In related news, Director Jonathan M. Tisch sold 50,000 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $85.08, for a total value of $4,254,000.00. Following the completion of the transaction, the director now directly owns 7,105,529 shares in the company, valued at $604,538,407.32. The trade was a 0.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jonathan M. Tisch sold 3,691 shares of Loews stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $86.89, for a total transaction of $320,710.99. The disclosure for this sale can be found here. Insiders sold a total of 151,327 shares of company stock valued at $12,851,055 in the last quarter. 18.70% of the stock is currently owned by company insiders.

Loews Stock Performance

NYSE:L traded down $0.58 during midday trading on Wednesday, hitting $86.07. The company's stock had a trading volume of 325,774 shares, compared to its average volume of 729,839. Loews Co. has a fifty-two week low of $73.15 and a fifty-two week high of $92.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market cap of $18.10 billion, a P/E ratio of 13.45 and a beta of 0.60. The firm's 50 day moving average is $86.24 and its 200-day moving average is $84.61.

Loews (NYSE:L - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $0.86 earnings per share for the quarter. Loews had a net margin of 8.08% and a return on equity of 8.04%.

Loews Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.0625 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.29%. Loews's payout ratio is currently 3.91%.

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.