Mizuho Securities USA LLC Has $1.45 Million Stake in Loews Co. (NYSE:L)

Mizuho Securities USA LLC lifted its position in shares of Loews Co. (NYSE:L) by 45.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,131 shares of the insurance provider’s stock after buying an additional 5,316 shares during the quarter. Mizuho Securities USA LLC’s holdings in Loews were worth $1,451,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. lifted its stake in Loews by 345.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 296,538 shares of the insurance provider’s stock valued at $25,114,000 after buying an additional 229,965 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Loews by 92.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,484 shares of the insurance provider’s stock valued at $37,745,000 after acquiring an additional 229,956 shares in the last quarter. Boston Partners lifted its position in shares of Loews by 16.9% during the 4th quarter. Boston Partners now owns 1,499,417 shares of the insurance provider’s stock valued at $126,983,000 after acquiring an additional 217,115 shares during the period. Amundi boosted its stake in Loews by 9.7% during the fourth quarter. Amundi now owns 1,012,829 shares of the insurance provider’s stock worth $84,602,000 after acquiring an additional 89,902 shares in the last quarter. Finally, Barclays PLC grew its holdings in Loews by 13.1% in the third quarter. Barclays PLC now owns 752,380 shares of the insurance provider’s stock worth $59,473,000 after purchasing an additional 87,259 shares during the period. Institutional investors own 58.33% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Loews from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th.

Insider Buying and Selling at Loews

In related news, Director Jonathan M. Tisch sold 3,691 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $86.89, for a total transaction of $320,710.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan M. Tisch sold 47,636 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $84.88, for a total transaction of $4,043,343.68. Following the transaction, the director now owns 6,705,529 shares in the company, valued at approximately $569,165,301.52. This trade represents a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 158,860 shares of company stock worth $13,486,463. Insiders own 18.70% of the company’s stock.

Loews Trading Up 0.7 %

NYSE L opened at $89.17 on Wednesday. Loews Co. has a 52 week low of $72.91 and a 52 week high of $89.67. The business has a 50 day moving average price of $85.47 and a 200-day moving average price of $83.19. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. The company has a market cap of $18.98 billion, a price-to-earnings ratio of 13.93 and a beta of 0.80.

Loews (NYSE:L) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $0.86 earnings per share for the quarter. Loews had a net margin of 8.08% and a return on equity of 8.04%.

Loews Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th were given a $0.0625 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.25 annualized dividend and a yield of 0.28%. Loews’s payout ratio is 3.91%.

Loews Profile

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.