Danske Bank A S Invests $35.72 Million in Loews Corporation $L

Danske Bank A S acquired a new stake in Loews Corporation (NYSE:L) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 355,853 shares of the insurance provider’s stock, valued at approximately $35,724,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new position in Loews during the second quarter worth about $665,658,000. Invesco Ltd. boosted its stake in shares of Loews by 0.4% in the 3rd quarter. Invesco Ltd. now owns 3,363,861 shares of the insurance provider’s stock valued at $337,698,000 after purchasing an additional 12,311 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Loews by 0.4% in the 3rd quarter. Legal & General Group Plc now owns 1,340,867 shares of the insurance provider’s stock valued at $134,610,000 after purchasing an additional 4,792 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of Loews by 12.1% during the 3rd quarter. California State Teachers Retirement System now owns 777,030 shares of the insurance provider’s stock valued at $78,006,000 after purchasing an additional 83,669 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in Loews by 0.7% during the 2nd quarter. Hsbc Holdings PLC now owns 728,940 shares of the insurance provider’s stock worth $66,761,000 after purchasing an additional 4,750 shares in the last quarter. Institutional investors own 58.33% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (a-)” rating on shares of Loews in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

Insider Buying and Selling

In other Loews news, VP Marc A. Alpert sold 3,495 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $109.87, for a total value of $383,995.65. Following the completion of the transaction, the vice president directly owned 16,325 shares in the company, valued at approximately $1,793,627.75. This represents a 17.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ann E. Berman sold 1,922 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $110.16, for a total transaction of $211,727.52. Following the transaction, the director directly owned 4,998 shares of the company’s stock, valued at $550,579.68. The trade was a 27.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 105,417 shares of company stock worth $11,549,723 in the last ninety days. Company insiders own 19.00% of the company’s stock.

Loews Trading Down 2.3%

Shares of L stock opened at $106.08 on Thursday. Loews Corporation has a twelve month low of $78.98 and a twelve month high of $114.90. The stock’s fifty day simple moving average is $107.28 and its 200 day simple moving average is $103.91. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $21.86 billion, a P/E ratio of 13.29 and a beta of 0.60.

Loews (NYSE:L) last posted its earnings results on Monday, February 9th. The insurance provider reported $1.94 EPS for the quarter. Loews had a return on equity of 8.86% and a net margin of 9.03%.The firm had revenue of $4.73 billion during the quarter.

Loews Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th were issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Wednesday, February 25th. Loews’s dividend payout ratio (DPR) is 3.13%.

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.