Achmea Investment Management B.V. Purchases 932 Shares of Loews Co. (NYSE:L)

Achmea Investment Management B.V. lifted its position in shares of Loews Co. (NYSE:L) by 17.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,297 shares of the insurance provider’s stock after purchasing an additional 932 shares during the period. Achmea Investment Management B.V.’s holdings in Loews were worth $533,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Loews by 1.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 509,349 shares of the insurance provider’s stock worth $40,264,000 after acquiring an additional 5,655 shares during the period. KBC Group NV lifted its stake in Loews by 1.6% in the third quarter. KBC Group NV now owns 62,785 shares of the insurance provider’s stock valued at $4,963,000 after buying an additional 999 shares during the period. CIBC Asset Management Inc lifted its stake in Loews by 1.7% in the third quarter. CIBC Asset Management Inc now owns 64,856 shares of the insurance provider’s stock valued at $5,120,000 after buying an additional 1,105 shares during the period. Empowered Funds LLC lifted its stake in Loews by 7.2% in the third quarter. Empowered Funds LLC now owns 2,990 shares of the insurance provider’s stock valued at $236,000 after buying an additional 200 shares during the period. Finally, Natixis Advisors LLC lifted its stake in Loews by 5.6% in the third quarter. Natixis Advisors LLC now owns 68,620 shares of the insurance provider’s stock valued at $5,424,000 after buying an additional 3,612 shares during the period. 58.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Loews

In other Loews news, Director Jonathan M. Tisch sold 3,691 shares of the firm’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total transaction of $320,710.99. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jonathan M. Tisch sold 50,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $85.08, for a total value of $4,254,000.00. Following the sale, the director now directly owns 7,105,529 shares of the company’s stock, valued at approximately $604,538,407.32. This represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 158,860 shares of company stock worth $13,486,463. Corporate insiders own 18.70% of the company’s stock.

Analyst Ratings Changes

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

Loews Price Performance

Shares of L opened at $86.56 on Friday. Loews Co. has a 12-month low of $72.91 and a 12-month high of $88.29. The business’s fifty day moving average is $84.75 and its 200 day moving average is $82.86. 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 stock has a market cap of $18.43 billion, a P/E ratio of 13.53 and a beta of 0.80.

Loews (NYSE:L) last issued its earnings results 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 Announces Dividend

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