Loews Corporation $L Shares Purchased by National Pension Service

National Pension Service lifted its holdings in Loews Corporation (NYSE:L) by 21.4% in the fourth quarter, Holdings Channel reports. The firm owned 57,022 shares of the insurance provider’s stock after buying an additional 10,062 shares during the period. National Pension Service’s holdings in Loews were worth $6,005,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Loews in the 4th quarter worth $27,000. Harbor Investment Advisory LLC acquired a new stake in shares of Loews in the 4th quarter worth $30,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in shares of Loews in the 3rd quarter worth $30,000. Private Trust Co. NA boosted its position in shares of Loews by 896.7% in the 4th quarter. Private Trust Co. NA now owns 299 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 269 shares in the last quarter. Finally, Westfuller Advisors LLC acquired a new stake in shares of Loews in the 4th quarter worth $36,000. Institutional investors and hedge funds own 58.33% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Loews in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Insider Transactions at Loews

In related news, Director Andrew H. Tisch sold 50,000 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $108.81, for a total value of $5,440,500.00. Following the completion of the transaction, the director owned 12,480,400 shares of the company’s stock, valued at approximately $1,357,992,324. This represents a 0.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dino Robusto purchased 5,000 shares of Loews stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average cost of $104.74 per share, with a total value of $523,700.00. Following the acquisition, the director directly owned 10,235 shares in the company, valued at $1,072,013.90. This trade represents a 95.51% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 19.00% of the company’s stock.

Loews Price Performance

NYSE:L opened at $103.89 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a market cap of $21.38 billion, a price-to-earnings ratio of 13.20 and a beta of 0.53. The company has a 50 day moving average price of $107.91 and a 200-day moving average price of $106.99. Loews Corporation has a 1-year low of $86.77 and a 1-year high of $114.90.

Loews (NYSE:L) last posted its earnings results on Monday, May 4th. The insurance provider reported $1.63 earnings per share for the quarter. The firm had revenue of $4.56 billion during the quarter. Loews had a net margin of 8.83% and a return on equity of 8.51%.

Loews Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th will be paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, May 27th. Loews’s payout ratio is currently 3.18%.

Loews Company Profile

Loews Corporation (NYSE: L) is a diversified holding company that owns and operates businesses across insurance, hospitality, energy-related operations and other industrial and investment activities. The company holds controlling and significant minority interests in subsidiaries that run as standalone businesses, with corporate oversight focused on capital allocation, risk management and long-term value creation for shareholders.

One of Loews’ principal businesses is insurance, conducted through CNA Financial, a commercial property and casualty insurer that underwrites a range of business insurance products for corporate and institutional clients.