Loews Co. (NYSE:L) Stock Position Raised by PGGM Investments

PGGM Investments boosted its holdings in Loews Co. (NYSE:L - Free Report) by 7.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 172,884 shares of the insurance provider's stock after buying an additional 12,047 shares during the quarter. PGGM Investments owned approximately 0.08% of Loews worth $12,031,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of L. NBC Securities Inc. purchased a new position in shares of Loews during the third quarter worth about $29,000. Operose Advisors LLC purchased a new position in shares of Loews during the third quarter worth about $30,000. Desjardins Global Asset Management Inc. grew its holdings in shares of Loews by 225.2% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 491 shares of the insurance provider's stock worth $34,000 after purchasing an additional 340 shares during the last quarter. Lindbrook Capital LLC grew its holdings in shares of Loews by 41.4% during the fourth quarter. Lindbrook Capital LLC now owns 611 shares of the insurance provider's stock worth $43,000 after purchasing an additional 179 shares during the last quarter. Finally, Hanson & Doremus Investment Management purchased a new position in shares of Loews during the third quarter worth about $147,000. Hedge funds and other institutional investors own 58.33% of the company's stock.

Loews Stock Performance

Shares of L traded down $0.95 during mid-day trading on Friday, hitting $75.46. 568,947 shares of the company's stock were exchanged, compared to its average volume of 635,298. Loews Co. has a fifty-two week low of $55.64 and a fifty-two week high of $78.55. The firm has a market capitalization of $16.77 billion, a P/E ratio of 11.98 and a beta of 0.83. The business's 50 day moving average is $75.74 and its two-hundred day moving average is $71.37. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.48.

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

Loews Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Wednesday, February 21st were given 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 payout ratio is currently 3.97%.

Insider Activity at Loews

In related news, Director Paul J. Fribourg sold 951 shares of the firm's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $75.02, for a total value of $71,344.02. Following the completion of the sale, the director now owns 21,200 shares in the company, valued at $1,590,424. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, SVP Richard Waldo Scott sold 7,325 shares of Loews stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $74.12, for a total transaction of $542,929.00. Following the completion of the sale, the senior vice president now directly owns 51,965 shares in the company, valued at approximately $3,851,645.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Paul J. Fribourg sold 951 shares of Loews stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $75.02, for a total transaction of $71,344.02. Following the sale, the director now owns 21,200 shares of the company's stock, valued at $1,590,424. 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 90 days. Company insiders own 18.70% of the company's stock.

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.