TIAA Trust National Association Has $410,000 Stock Position in Loews Co. (NYSE:L)

TIAA Trust National Association boosted its holdings in Loews Co. (NYSE:L) by 16.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,838 shares of the insurance provider’s stock after buying an additional 693 shares during the quarter. TIAA Trust National Association’s holdings in Loews were worth $410,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC bought a new stake in shares of Loews during the third quarter worth $129,000. Cerity Partners LLC grew its position in Loews by 64.2% during the 3rd quarter. Cerity Partners LLC now owns 29,755 shares of the insurance provider’s stock worth $2,352,000 after acquiring an additional 11,637 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Loews by 11.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 22,632 shares of the insurance provider’s stock worth $1,789,000 after purchasing an additional 2,304 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Loews in the 3rd quarter worth about $674,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Loews during the third quarter valued at about $40,000. Institutional investors own 58.33% of the company’s stock.

Insider Buying and Selling at Loews

In other Loews news, Director Jonathan M. Tisch sold 3,691 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total value of $320,710.99. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jonathan M. Tisch sold 47,636 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now directly owns 6,705,529 shares of the company’s stock, valued at approximately $569,165,301.52. This trade represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 158,860 shares of company stock valued at $13,486,463. 18.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Loews Price Performance

Shares of NYSE:L opened at $90.66 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.34. Loews Co. has a 52 week low of $72.91 and a 52 week high of $92.13. The firm has a market cap of $19.30 billion, a PE ratio of 14.17 and a beta of 0.80. The firm’s fifty day moving average is $85.78 and its 200-day moving average is $83.37.

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 return on equity of 8.04% and a net margin of 8.08%.

Loews Dividend Announcement

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