Nisa Investment Advisors LLC Purchases 40,517 Shares of Loews Co. (NYSE:L)

Nisa Investment Advisors LLC lifted its position in Loews Co. (NYSE:L - Free Report) by 38.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 145,794 shares of the insurance provider's stock after buying an additional 40,517 shares during the quarter. Nisa Investment Advisors LLC owned about 0.07% of Loews worth $10,146,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. State Street Corp lifted its holdings in Loews by 1.1% in the 2nd quarter. State Street Corp now owns 8,427,667 shares of the insurance provider's stock worth $500,435,000 after purchasing an additional 88,821 shares during the last quarter. Norges Bank acquired a new stake in Loews in the 4th quarter worth approximately $420,569,000. Geode Capital Management LLC lifted its holdings in Loews by 1.3% in the 1st quarter. Geode Capital Management LLC now owns 4,064,740 shares of the insurance provider's stock worth $235,292,000 after purchasing an additional 51,482 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Loews by 0.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,255,282 shares of the insurance provider's stock worth $206,092,000 after purchasing an additional 20,277 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Loews by 6.3% in the 3rd quarter. Northern Trust Corp now owns 2,236,376 shares of the insurance provider's stock worth $141,585,000 after purchasing an additional 131,736 shares during the last quarter. Institutional investors own 58.33% of the company's stock.

Loews Stock Performance

Shares of L stock traded down $0.37 during trading hours on Wednesday, reaching $74.82. 652,445 shares of the company's stock were exchanged, compared to its average volume of 765,354. Loews Co. has a fifty-two week low of $55.31 and a fifty-two week high of $78.55. The business has a fifty day moving average price of $75.31 and a 200-day moving average price of $70.34. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $16.63 billion, a P/E ratio of 11.88 and a beta of 0.83.

Loews (NYSE:L - Get Free Report) last released its quarterly earnings results on Monday, February 5th. The insurance provider reported $1.99 EPS for the quarter. The company had revenue of $4.26 billion for the quarter. Loews had a return on equity of 9.18% and a net margin of 9.02%.

Loews Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Wednesday, February 21st were paid a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $0.25 dividend on an annualized basis and a yield of 0.33%. Loews's dividend payout ratio is 3.97%.

Insider Buying and Selling at Loews

In other Loews news, Director Paul J. Fribourg sold 951 shares of the firm's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $75.02, for a total value of $71,344.02. Following the completion of the transaction, the director now directly owns 21,200 shares in the company, valued at $1,590,424. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Paul J. Fribourg sold 951 shares of Loews stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $75.02, for a total transaction of $71,344.02. Following the completion of the transaction, the director now directly owns 21,200 shares in the company, valued at approximately $1,590,424. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Richard Waldo Scott sold 7,325 shares of Loews stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $74.12, for a total value of $542,929.00. Following the sale, the senior vice president now directly owns 51,965 shares of the company's stock, valued at $3,851,645.80. The disclosure for this sale can be found here. Insiders sold a total of 137,563 shares of company stock worth $10,052,551 over the last ninety days. 18.30% of the stock is currently owned by corporate insiders.

Loews 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.