Aware Super Pty Ltd as trustee of Aware Super Purchases Shares of 99,006 Loews Co. (NYSE:L)

Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of Loews Co. (NYSE:L) during the fourth quarter, HoldingsChannel reports. The firm acquired 99,006 shares of the insurance provider’s stock, valued at approximately $8,385,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Loews in the 4th quarter valued at about $623,493,000. Assenagon Asset Management S.A. lifted its stake in Loews by 345.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 296,538 shares of the insurance provider’s stock valued at $25,114,000 after acquiring an additional 229,965 shares in the last quarter. Boston Partners boosted its position in Loews by 16.9% during the 4th quarter. Boston Partners now owns 1,499,417 shares of the insurance provider’s stock worth $126,983,000 after acquiring an additional 217,115 shares during the last quarter. Geode Capital Management LLC grew its position in Loews by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 4,476,087 shares of the insurance provider’s stock valued at $378,087,000 after purchasing an additional 210,594 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Loews in the 4th quarter valued at about $12,727,000. 58.33% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Loews news, Director Jonathan M. Tisch sold 3,691 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $86.89, for a total transaction of $320,710.99. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jonathan M. Tisch sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $84.66, for a total value of $4,233,000.00. Following the completion of the sale, the director now owns 6,755,529 shares of the company’s stock, valued at approximately $571,923,085.14. This trade represents a 0.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 151,327 shares of company stock valued at $12,851,055. Insiders own 18.70% of the company’s stock.

Loews Trading Up 2.0 %

Shares of Loews stock opened at $86.35 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34. The business has a fifty day simple moving average of $85.95 and a two-hundred day simple moving average of $84.10. Loews Co. has a 1 year low of $72.91 and a 1 year high of $92.42. The company has a market capitalization of $18.16 billion, a price-to-earnings ratio of 13.49 and a beta of 0.60.

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

Loews Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.29%. Loews’s dividend payout ratio (DPR) is currently 3.91%.

Analyst Upgrades and Downgrades

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

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.