Loews Co. (NYSE:L) Shares Purchased by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Loews Co. (NYSE:L) by 7.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 495,242 shares of the insurance provider’s stock after buying an additional 33,743 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.22% of Loews worth $34,464,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of L. State Street Corp grew its stake in shares of Loews by 1.1% in the 2nd quarter. State Street Corp now owns 8,427,667 shares of the insurance provider’s stock worth $500,435,000 after purchasing an additional 88,821 shares during the last quarter. Norges Bank acquired a new position in shares of Loews in the fourth quarter worth about $420,569,000. Geode Capital Management LLC boosted its holdings in shares of Loews by 1.3% during the first quarter. Geode Capital Management LLC now owns 4,064,740 shares of the insurance provider’s stock worth $235,292,000 after purchasing an additional 51,482 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Loews by 0.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,255,282 shares of the insurance provider’s stock worth $206,092,000 after purchasing an additional 20,277 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Loews by 6.3% during the third quarter. Northern Trust Corp now owns 2,236,376 shares of the insurance provider’s stock worth $141,585,000 after purchasing an additional 131,736 shares during the period. Institutional investors and hedge funds own 58.33% of the company’s stock.

Insider Buying and Selling at Loews

In other news, Director Paul J. Fribourg sold 951 shares of Loews stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $75.02, for a total value of $71,344.02. Following the transaction, the director now owns 21,200 shares of the company’s stock, valued at $1,590,424. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Paul J. Fribourg sold 951 shares of Loews stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $75.02, for a total value of $71,344.02. Following the transaction, the director now owns 21,200 shares of the company’s stock, valued at $1,590,424. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Richard Waldo Scott sold 7,325 shares of Loews stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $74.12, for a total transaction of $542,929.00. Following the completion of the transaction, the senior vice president now directly owns 51,965 shares in the company, valued at approximately $3,851,645.80. The disclosure for this sale can be found here. Insiders sold 137,563 shares of company stock worth $10,052,551 over the last ninety days. 18.70% of the stock is currently owned by insiders.

Loews Stock Performance

L stock opened at $75.64 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.32 and a current ratio of 0.32. The stock has a market cap of $16.81 billion, a P/E ratio of 12.01 and a beta of 0.83. The firm has a 50 day simple moving average of $75.48 and a 200 day simple moving average of $70.86. Loews Co. has a 52 week low of $55.31 and a 52 week high of $78.55.

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

Loews Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Wednesday, February 21st were paid 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%.

About Loews

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.