Loews Co. (NYSE:L) Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC raised its position in shares of Loews Co. (NYSE:LFree Report) by 6.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,711 shares of the insurance provider’s stock after purchasing an additional 1,386 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Loews were worth $1,650,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Altshuler Shaham Ltd acquired a new position in shares of Loews during the fourth quarter worth approximately $26,000. Northwest Financial Advisors bought a new position in shares of Loews in the fourth quarter worth $28,000. NBC Securities Inc. acquired a new position in shares of Loews during the third quarter valued at $29,000. Operose Advisors LLC bought a new stake in shares of Loews during the third quarter valued at about $30,000. Finally, Desjardins Global Asset Management Inc. lifted its holdings in Loews by 225.2% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 491 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 340 shares during the period. Institutional investors own 58.33% of the company’s stock.

Loews Stock Performance

Shares of L opened at $77.74 on Friday. Loews Co. has a 52-week low of $55.94 and a 52-week high of $78.55. The firm has a market capitalization of $17.21 billion, a PE ratio of 11.53 and a beta of 0.82. The firm has a 50-day moving average price of $76.41 and a 200 day moving average price of $72.64. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50.

Loews (NYSE:LGet Free Report) last posted its quarterly earnings data on Monday, May 6th. The insurance provider reported $2.05 EPS for the quarter. Loews had a net margin of 9.27% and a return on equity of 9.45%. The business had revenue of $4.23 billion for the quarter.

Loews Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th will be paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Wednesday, May 29th. Loews’s dividend payout ratio is presently 3.71%.

Insider Activity

In other news, Director Paul J. Fribourg sold 951 shares of the firm’s 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 owns 21,200 shares in the company, valued at approximately $1,590,424. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Paul J. Fribourg sold 951 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $75.02, for a total transaction of $71,344.02. Following the completion of the sale, the director now owns 21,200 shares in the company, valued at approximately $1,590,424. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan M. Tisch sold 50,000 shares of Loews stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $77.24, for a total value of $3,862,000.00. Following the completion of the transaction, the insider now owns 507,799 shares in the company, valued at $39,222,394.76. The disclosure for this sale can be found here. Insiders sold a total of 150,951 shares of company stock worth $11,659,844 over the last 90 days. 18.70% of the stock is currently owned by company insiders.

Loews Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Loews (NYSE:L)

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