PGGM Investments Buys 12,047 Shares of Loews Co. (NYSE:L)

PGGM Investments increased its holdings in Loews Co. (NYSE:L) by 7.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 172,884 shares of the insurance provider’s stock after buying an additional 12,047 shares during the period. PGGM Investments owned 0.08% of Loews worth $12,031,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. NBC Securities Inc. purchased a new stake in shares of Loews during the 3rd quarter valued at $29,000. Operose Advisors LLC purchased a new stake in shares of Loews during the 3rd quarter valued at $30,000. Desjardins Global Asset Management Inc. raised its position in shares of Loews by 225.2% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 491 shares of the insurance provider’s stock valued at $34,000 after buying an additional 340 shares in the last quarter. Lindbrook Capital LLC raised its position in Loews by 41.4% in the 4th 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 period. Finally, Hanson & Doremus Investment Management purchased a new position in Loews in the 3rd quarter worth $147,000. 58.33% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Loews news, Director Andrew H. Tisch sold 125,000 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $73.04, for a total value of $9,130,000.00. Following the sale, the director now owns 945,886 shares of the company’s stock, valued at approximately $69,087,513.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Paul J. Fribourg sold 951 shares of Loews stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $75.02, for a total transaction of $71,344.02. Following the completion of the transaction, the director now directly owns 21,200 shares of the company’s stock, valued at approximately $1,590,424. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Andrew H. Tisch sold 125,000 shares of Loews stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $73.04, for a total transaction of $9,130,000.00. Following the transaction, the director now directly owns 945,886 shares of the company’s stock, valued at $69,087,513.44. The disclosure for this sale can be found here. Insiders have sold a total of 137,563 shares of company stock valued at $10,052,551 in the last quarter. Insiders own 18.70% of the company’s stock.

Loews Trading Down 1.2 %

NYSE:L traded down $0.95 during trading hours on Friday, reaching $75.46. The company’s stock had a trading volume of 568,947 shares, compared to its average volume of 635,298. The firm has a market capitalization of $16.77 billion, a price-to-earnings ratio of 11.98 and a beta of 0.83. The firm has a 50-day simple moving average of $75.74 and a 200-day simple moving average of $71.32. Loews Co. has a 1 year low of $55.64 and a 1 year high of $78.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.32 and a current ratio of 0.32.

Loews (NYSE:L) last issued its earnings results on Monday, February 5th. The insurance provider reported $1.99 EPS for the quarter. The company had revenue of $4.26 billion for the quarter. Loews had a net margin of 9.02% and a return on equity of 9.18%.

Loews Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Wednesday, February 21st were issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend was Tuesday, February 20th. Loews’s dividend payout ratio (DPR) is presently 3.97%.

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.