BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Loews Corporation (NYSE:L) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,457 shares of the insurance provider’s stock after acquiring an additional 2,718 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.05% of Loews worth $8,732,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Loews by 2.1% during the second quarter. Vanguard Group Inc. now owns 18,649,024 shares of the insurance provider’s stock worth $872,960,000 after buying an additional 391,900 shares in the last quarter. BlackRock Inc. boosted its holdings in Loews by 1.2% during the second quarter. BlackRock Inc. now owns 17,570,706 shares of the insurance provider’s stock worth $822,484,000 after buying an additional 212,384 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Loews by 15.9% during the third quarter. Wells Fargo & Company MN now owns 5,038,288 shares of the insurance provider’s stock worth $241,132,000 after buying an additional 689,401 shares in the last quarter. Northern Trust Corp boosted its holdings in Loews by 11.8% during the second quarter. Northern Trust Corp now owns 3,582,780 shares of the insurance provider’s stock worth $167,709,000 after buying an additional 377,248 shares in the last quarter. Finally, TD Asset Management Inc. boosted its holdings in Loews by 13.3% during the third quarter. TD Asset Management Inc. now owns 1,876,838 shares of the insurance provider’s stock worth $89,825,000 after buying an additional 220,154 shares in the last quarter. Institutional investors and hedge funds own 59.39% of the company’s stock.

In related news, Director Ann E. Berman sold 1,383 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $50.30, for a total value of $69,564.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan M. Tisch sold 1,394,935 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $48.40, for a total transaction of $67,514,854.00. Following the completion of the sale, the insider now owns 2,169,075 shares of the company’s stock, valued at approximately $104,983,230. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,420,223 shares of company stock valued at $68,779,839. 11.80% of the stock is owned by insiders.

Shares of Loews Corporation (L) traded down $0.15 during trading hours on Monday, reaching $49.84. 1,130,200 shares of the company were exchanged, compared to its average volume of 857,141. The company has a market capitalization of $16,777.70, a PE ratio of 17.31 and a beta of 0.74. Loews Corporation has a 1 year low of $45.01 and a 1 year high of $51.02. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.46.

Loews (NYSE:L) last issued its quarterly earnings results on Monday, October 30th. The insurance provider reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.44. The business had revenue of $3.52 billion during the quarter. Loews had a net margin of 7.04% and a return on equity of 4.08%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.89 EPS. research analysts predict that Loews Corporation will post 2.75 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Wednesday, November 29th will be given a $0.0625 dividend. The ex-dividend date is Tuesday, November 28th. This represents a $0.25 annualized dividend and a dividend yield of 0.50%. Loews’s dividend payout ratio (DPR) is presently 8.90%.

A number of brokerages recently weighed in on L. BidaskClub cut shares of Loews from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Zacks Investment Research cut shares of Loews from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Finally, ValuEngine cut shares of Loews from a “buy” rating to a “hold” rating in a report on Thursday, October 26th.

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Loews Company Profile

Loews Corporation is a holding company. The Company, through its subsidiaries, is engaged in commercial property and casualty insurance; operation of offshore oil and gas drilling rigs; transportation and storage of natural gas and natural gas liquids, and operation of a chain of hotels. The Company has five segments consisted of its four individual operating subsidiaries, CNA Financial Corporation (CNA), Diamond Offshore Drilling, Inc (Diamond Offshore), Boardwalk Pipeline Partners, LP (Boardwalk Pipeline) and Loews Hotels Holding Corporation (Loews Hotels), and the Corporate segment.

Institutional Ownership by Quarter for Loews (NYSE:L)

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