OMERS ADMINISTRATION Corp Increases Stock Holdings in Loews Co. (NYSE:L)

OMERS ADMINISTRATION Corp boosted its stake in Loews Co. (NYSE:L - Free Report) by 89.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,493 shares of the insurance provider's stock after purchasing an additional 9,218 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Loews were worth $1,651,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of L. Miracle Mile Advisors LLC bought a new stake in Loews during the 4th quarter valued at $315,000. Bank of New York Mellon Corp grew its holdings in shares of Loews by 6.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,287,833 shares of the insurance provider's stock valued at $109,067,000 after buying an additional 77,386 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Loews during the fourth quarter worth about $440,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Loews in the 4th quarter worth about $425,000. Finally, Steward Partners Investment Advisory LLC lifted its position in Loews by 13.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,433 shares of the insurance provider's stock valued at $206,000 after acquiring an additional 288 shares in the last quarter. 58.33% of the stock is owned by institutional investors.

Loews Price Performance

L stock remained flat at $89.39 during midday trading on Monday. The company's stock had a trading volume of 421,756 shares, compared to its average volume of 728,507. The stock has a market cap of $18.74 billion, a PE ratio of 13.97 and a beta of 0.70. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The company's 50-day moving average is $86.96 and its 200-day moving average is $85.29. Loews Co. has a twelve month low of $73.15 and a twelve month high of $92.42.

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

Loews Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend is Wednesday, May 28th. Loews's dividend payout ratio is currently 4.11%.

Insider Transactions at Loews

In related news, SVP Richard Waldo Scott sold 9,019 shares of Loews stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $87.92, for a total value 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 approximately $2,980,575.92. The trade was a 21.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan M. Tisch sold 50,000 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $84.66, for a total value of $4,233,000.00. Following the sale, the director now owns 6,755,529 shares in the company, valued at approximately $571,923,085.14. This represents a 0.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 156,655 shares of company stock worth $13,323,294 in the last quarter. Insiders own 19.00% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Loews from a "hold" rating to a "buy" rating in a research note on Tuesday, May 6th.

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.