Russell Investments Group Ltd. Has $10.07 Million Holdings in Loews Co. (NYSE:L)

Russell Investments Group Ltd. raised its stake in Loews Co. (NYSE:L - Free Report) by 66.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,857 shares of the insurance provider's stock after buying an additional 47,394 shares during the period. Russell Investments Group Ltd. owned 0.05% of Loews worth $10,066,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Janus Henderson Group PLC raised its stake in shares of Loews by 33.2% during the third quarter. Janus Henderson Group PLC now owns 25,249 shares of the insurance provider's stock valued at $1,996,000 after acquiring an additional 6,300 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in Loews by 15.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 3,114 shares of the insurance provider's stock worth $246,000 after purchasing an additional 411 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in Loews by 5.1% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,617 shares of the insurance provider's stock worth $1,472,000 after buying an additional 901 shares during the period. MML Investors Services LLC grew its position in shares of Loews by 7.0% in the 3rd quarter. MML Investors Services LLC now owns 10,717 shares of the insurance provider's stock valued at $847,000 after buying an additional 701 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of Loews by 1.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 55,785 shares of the insurance provider's stock valued at $4,410,000 after buying an additional 556 shares during the period. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Loews Trading Up 0.4 %

NYSE L traded up $0.36 during mid-day trading on Thursday, reaching $85.56. 129,563 shares of the stock were exchanged, compared to its average volume of 733,078. The stock has a market cap of $18.00 billion, a P/E ratio of 13.39 and a beta of 0.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34. Loews Co. has a one year low of $72.91 and a one year high of $92.42. The stock has a 50 day simple moving average of $85.91 and a 200-day simple moving average of $84.12.

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

Loews Dividend Announcement

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

Insider Transactions at Loews

In other Loews news, Director Jonathan M. Tisch sold 50,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $85.08, for a total value of $4,254,000.00. Following the transaction, the director now owns 7,105,529 shares in the company, valued at approximately $604,538,407.32. This represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan M. Tisch sold 3,691 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $86.89, for a total value 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 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.