Charles Schwab Investment Management Inc. Has $110.50 Million Stock Position in Loews Co. (NYSE:L)

Charles Schwab Investment Management Inc. raised its position in Loews Co. (NYSE:L - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,587,817 shares of the insurance provider's stock after buying an additional 21,323 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.71% of Loews worth $110,496,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Commonwealth Equity Services LLC boosted its stake in Loews by 8.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,221 shares of the insurance provider's stock valued at $267,000 after acquiring an additional 313 shares during the last quarter. Brown Advisory Inc. acquired a new position in Loews in the third quarter worth about $244,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Loews by 1.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,276 shares of the insurance provider's stock valued at $2,360,000 after buying an additional 480 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Loews by 2.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,746 shares of the insurance provider's stock valued at $1,630,000 after buying an additional 553 shares in the last quarter. Finally, Advisor Partners II LLC lifted its holdings in Loews by 9.7% during the 3rd quarter. Advisor Partners II LLC now owns 12,093 shares of the insurance provider's stock worth $766,000 after buying an additional 1,073 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Loews Stock Performance

Shares of NYSE L traded up $0.28 during midday trading on Friday, hitting $77.98. The company's stock had a trading volume of 875,569 shares, compared to its average volume of 684,819. The firm has a market cap of $17.27 billion, a P/E ratio of 11.57 and a beta of 0.82. Loews Co. has a 1-year low of $55.94 and a 1-year high of $78.55. The firm's fifty day moving average price is $76.18 and its 200-day moving average price is $72.22. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.32 and a current ratio of 0.34.

Loews (NYSE:L - Get Free Report) last announced its quarterly earnings results on Monday, May 6th. The insurance provider reported $2.05 earnings per share (EPS) for the quarter. The business had revenue of $4.23 billion for the quarter. Loews had a return on equity of 9.45% and a net margin of 9.27%.

Insider Activity at Loews

In other news, SVP Richard Waldo Scott sold 7,325 shares of Loews stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $74.12, for a total transaction of $542,929.00. Following the transaction, the senior vice president now directly owns 51,965 shares in the company, valued at approximately $3,851,645.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Jonathan M. Tisch sold 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $77.39, for a total transaction of $3,869,500.00. Following the completion of the sale, the insider now directly owns 607,799 shares in the company, valued at $47,037,564.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Richard Waldo Scott sold 7,325 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $74.12, for a total value of $542,929.00. Following the sale, the senior vice president now owns 51,965 shares of the company's stock, valued at approximately $3,851,645.80. The disclosure for this sale can be found here. Insiders have sold 183,276 shares of company stock worth $13,613,773 over the last quarter. 18.70% of the stock is currently owned by company 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.