Arbejdsmarkedets Tillaegspension Has $25.24 Million Stock Holdings in Loews Corporation $L

Arbejdsmarkedets Tillaegspension grew its holdings in Loews Corporation (NYSE:L) by 4.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 236,481 shares of the insurance provider’s stock after purchasing an additional 9,697 shares during the period. Arbejdsmarkedets Tillaegspension’s holdings in Loews were worth $25,242,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in Loews by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 19,426,064 shares of the insurance provider’s stock valued at $2,045,759,000 after buying an additional 108,882 shares in the last quarter. Norges Bank acquired a new position in Loews during the fourth quarter worth about $577,279,000. Geode Capital Management LLC raised its stake in Loews by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 4,999,186 shares of the insurance provider’s stock worth $524,599,000 after acquiring an additional 271,234 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Loews by 9.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,984,234 shares of the insurance provider’s stock worth $419,581,000 after acquiring an additional 344,995 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Loews by 0.4% in the third quarter. Invesco Ltd. now owns 3,363,861 shares of the insurance provider’s stock worth $337,698,000 after acquiring an additional 12,311 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Dino Robusto bought 5,000 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average cost of $104.74 per share, with a total value of $523,700.00. Following the transaction, the director directly owned 10,235 shares in the company, valued at approximately $1,072,013.90. This trade represents a 95.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 19.00% of the stock is owned by insiders.

Loews Stock Performance

Shares of L stock opened at $115.09 on Monday. The firm has a market capitalization of $23.68 billion, a price-to-earnings ratio of 14.62 and a beta of 0.52. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.46. The business’s 50-day moving average price is $108.84 and its 200-day moving average price is $108.05. Loews Corporation has a 12 month low of $89.32 and a 12 month high of $119.10.

Loews (NYSE:L) last issued its quarterly earnings data on Monday, May 4th. The insurance provider reported $1.63 earnings per share (EPS) for the quarter. Loews had a net margin of 8.83% and a return on equity of 8.51%. The business had revenue of $4.55 billion during the quarter.

Loews Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.25 annualized dividend and a dividend yield of 0.2%. Loews’s payout ratio is currently 3.18%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Loews in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Loews currently has a consensus rating of “Strong Buy”.

About Loews

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.