Loews Co. (NYSE:L) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP raised its position in Loews Co. (NYSE:LFree Report) by 71.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 20,381 shares of the insurance provider’s stock after buying an additional 8,509 shares during the quarter. Wellington Management Group LLP’s holdings in Loews were worth $1,290,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. increased its stake in Loews by 11.1% in the 3rd quarter. American Century Companies Inc. now owns 57,310 shares of the insurance provider’s stock valued at $3,628,000 after buying an additional 5,748 shares during the period. Public Sector Pension Investment Board boosted its position in shares of Loews by 1.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 145,933 shares of the insurance provider’s stock worth $9,239,000 after purchasing an additional 1,494 shares in the last quarter. Diversified Trust Co purchased a new stake in shares of Loews during the 3rd quarter worth $792,000. Creative Planning boosted its position in shares of Loews by 1.8% during the 3rd quarter. Creative Planning now owns 17,709 shares of the insurance provider’s stock worth $1,121,000 after purchasing an additional 305 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Loews by 15.4% during the 3rd quarter. Morgan Stanley now owns 1,711,774 shares of the insurance provider’s stock worth $108,372,000 after purchasing an additional 228,660 shares in the last quarter. 58.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Andrew H. Tisch sold 125,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $73.04, for a total value of $9,130,000.00. Following the sale, the director now directly owns 945,886 shares in the company, valued at approximately $69,087,513.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Andrew H. Tisch sold 125,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $73.04, for a total value of $9,130,000.00. Following the completion of the transaction, the director now owns 945,886 shares of the company’s stock, valued at approximately $69,087,513.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan M. Tisch sold 4,287 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $71.91, for a total transaction of $308,278.17. Following the completion of the transaction, the insider now directly owns 106,870 shares of the company’s stock, valued at approximately $7,685,021.70. The disclosure for this sale can be found here. Insiders have sold 137,563 shares of company stock worth $10,052,551 in the last three months. Corporate insiders own 18.30% of the company’s stock.

Loews Price Performance

Shares of NYSE L opened at $78.29 on Friday. The firm has a market capitalization of $17.40 billion, a P/E ratio of 12.43 and a beta of 0.82. Loews Co. has a one year low of $55.31 and a one year high of $78.55. The company’s fifty day moving average is $74.52 and its two-hundred day moving average is $69.47. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.32 and a current ratio of 0.32.

Loews (NYSE:LGet Free Report) last released its quarterly earnings data on Monday, February 5th. The insurance provider reported $1.99 EPS for the quarter. Loews had a net margin of 9.02% and a return on equity of 9.18%. The business had revenue of $4.26 billion for the quarter.

Loews Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Wednesday, February 21st were given a $0.0625 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $0.25 annualized dividend and a dividend yield of 0.32%. Loews’s dividend payout ratio is presently 3.97%.

Loews Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Loews (NYSE:L)

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