Mn Services Vermogensbeheer B.V. Acquires 4,600 Shares of Loews Co. (NYSE:L)

Mn Services Vermogensbeheer B.V. raised its holdings in Loews Co. (NYSE:L) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 79,100 shares of the insurance provider’s stock after buying an additional 4,600 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Loews were worth $6,699,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in L. Charles Schwab Investment Management Inc. lifted its stake in shares of Loews by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,611,751 shares of the insurance provider’s stock valued at $127,409,000 after purchasing an additional 8,615 shares during the period. Miracle Mile Advisors LLC purchased a new position in shares of Loews in the 4th quarter valued at approximately $315,000. Intech Investment Management LLC lifted its stake in shares of Loews by 8.0% in the 3rd quarter. Intech Investment Management LLC now owns 137,566 shares of the insurance provider’s stock valued at $10,875,000 after purchasing an additional 10,213 shares during the period. Swedbank AB lifted its stake in shares of Loews by 8.8% in the 3rd quarter. Swedbank AB now owns 379,647 shares of the insurance provider’s stock valued at $30,011,000 after purchasing an additional 30,600 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Loews by 47.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 37,319 shares of the insurance provider’s stock valued at $2,950,000 after purchasing an additional 12,070 shares during the period. 58.33% of the stock is currently owned by institutional investors.

Loews Stock Up 0.9 %

Shares of NYSE:L opened at $86.56 on Friday. The stock has a fifty day simple moving average of $84.60 and a two-hundred day simple moving average of $82.44. The stock has a market capitalization of $18.43 billion, a price-to-earnings ratio of 13.53 and a beta of 0.83. Loews Co. has a 12-month low of $72.91 and a 12-month high of $88.29. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50.

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

Loews Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th will be paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Wednesday, February 26th. Loews’s dividend payout ratio is currently 3.91%.

Insider Transactions at Loews

In other news, Director Jonathan M. Tisch sold 50,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $85.08, for a total value of $4,254,000.00. Following the completion of the transaction, the director now owns 7,105,529 shares in the company, valued at $604,538,407.32. The trade was a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles M. Diker sold 1,146 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $86.83, for a total value of $99,507.18. Following the completion of the transaction, the director now owns 19,906 shares of the company’s stock, valued at $1,728,437.98. This represents a 5.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 62,370 shares of company stock worth $5,309,627 over the last quarter. 18.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

Loews Company 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.