Loews Co. (NYSE:L) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its position in Loews Co. (NYSE:L) by 14.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 489,618 shares of the insurance provider’s stock after selling 79,538 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Loews were worth $41,466,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. State Street Corp lifted its holdings in shares of Loews by 1.0% in the 3rd quarter. State Street Corp now owns 8,077,241 shares of the insurance provider’s stock valued at $638,506,000 after purchasing an additional 82,581 shares during the last quarter. Geode Capital Management LLC lifted its stake in Loews by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,265,493 shares of the insurance provider’s stock valued at $336,005,000 after buying an additional 53,428 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Loews by 2.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,183,138 shares of the insurance provider’s stock valued at $251,627,000 after acquiring an additional 69,459 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Loews by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,611,751 shares of the insurance provider’s stock worth $127,409,000 after acquiring an additional 8,615 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Loews by 13.1% in the 3rd quarter. Barclays PLC now owns 752,380 shares of the insurance provider’s stock valued at $59,473,000 after acquiring an additional 87,259 shares during the period. 58.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Loews from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th.

Loews Stock Up 0.4 %

Loews stock opened at $86.08 on Thursday. The stock has a 50 day moving average of $84.69 and a two-hundred day moving average of $81.41. Loews Co. has a twelve month low of $71.45 and a twelve month high of $87.45. The stock has a market capitalization of $18.75 billion, a price-to-earnings ratio of 11.43 and a beta of 0.83. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.48.

Loews (NYSE:L) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.82 earnings per share for the quarter. The firm had revenue of $4.47 billion for the quarter. Loews had a net margin of 9.71% and a return on equity of 9.70%.

Loews Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Wednesday, November 27th were given a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.25 dividend on an annualized basis and a yield of 0.29%. Loews’s payout ratio is currently 3.32%.

Insider Activity at Loews

In other Loews news, Director Charles M. Diker sold 1,146 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $86.83, for a total transaction of $99,507.18. Following the sale, the director now directly owns 19,906 shares in the company, valued at approximately $1,728,437.98. The trade was a 5.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew H. Tisch sold 7,533 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $84.35, for a total transaction of $635,408.55. Following the completion of the transaction, the director now owns 1,568,191 shares of the company’s stock, valued at $132,276,910.85. This represents a 0.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 133,679 shares of company stock worth $11,134,916 over the last 90 days. Company insiders own 18.70% of the company’s stock.

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.