Charles Schwab Investment Management Inc. Has $127.41 Million Position in Loews Co. (NYSE:L)

Charles Schwab Investment Management Inc. increased its holdings in shares of Loews Co. (NYSE:L) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,611,751 shares of the insurance provider’s stock after buying an additional 8,615 shares during the period. Charles Schwab Investment Management Inc. owned about 0.74% of Loews worth $127,409,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado bought a new stake in shares of Loews in the 1st quarter valued at about $462,000. California State Teachers Retirement System boosted its holdings in Loews by 11.1% in the first quarter. California State Teachers Retirement System now owns 506,922 shares of the insurance provider’s stock valued at $39,687,000 after acquiring an additional 50,514 shares during the last quarter. iA Global Asset Management Inc. increased its position in Loews by 171.4% during the 1st quarter. iA Global Asset Management Inc. now owns 21,768 shares of the insurance provider’s stock valued at $1,704,000 after purchasing an additional 13,747 shares during the period. Plato Investment Management Ltd bought a new position in Loews during the 1st quarter worth approximately $649,000. Finally, Swedbank AB acquired a new position in shares of Loews in the 1st quarter worth approximately $23,646,000. 58.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

L has been the subject of several recent analyst reports. Jefferies Financial Group decreased their price objective on shares of Loews from $115.00 to $112.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. StockNews.com downgraded Loews from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th.

Insider Transactions at Loews

In other Loews news, insider Jonathan M. Tisch sold 25,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $81.82, for a total transaction of $2,045,500.00. Following the transaction, the insider now owns 461,395 shares in the company, valued at approximately $37,751,338.90. This represents a 5.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ann E. Berman sold 1,087 shares of Loews stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $81.38, for a total transaction of $88,460.06. Following the transaction, the director now owns 4,998 shares of the company’s stock, valued at $406,737.24. This represents a 17.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 213,587 shares of company stock valued at $17,586,460 in the last 90 days. 18.70% of the stock is currently owned by corporate insiders.

Loews Stock Performance

NYSE:L opened at $85.82 on Tuesday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.48. Loews Co. has a twelve month low of $67.20 and a twelve month high of $86.90. The company has a fifty day moving average of $80.58 and a 200-day moving average of $78.46. The firm has a market capitalization of $18.69 billion, a P/E ratio of 11.40 and a beta of 0.82.

Loews Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.0625 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.25 annualized dividend and a dividend yield of 0.29%. Loews’s dividend payout ratio is currently 3.32%.

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.