Daiwa Securities Group Inc. Purchases 839 Shares of Loews Co. (NYSE:L)

Daiwa Securities Group Inc. raised its stake in shares of Loews Co. (NYSE:L) by 5.2% during the 4th quarter, Holdings Channel reports. The fund owned 16,833 shares of the insurance provider’s stock after purchasing an additional 839 shares during the period. Daiwa Securities Group Inc.’s holdings in Loews were worth $1,171,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of L. Assenagon Asset Management S.A. boosted its position in Loews by 316.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 580,107 shares of the insurance provider’s stock valued at $36,727,000 after acquiring an additional 440,693 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Loews by 118.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 286,708 shares of the insurance provider’s stock valued at $18,151,000 after acquiring an additional 155,713 shares in the last quarter. Barclays PLC boosted its position in shares of Loews by 34.9% in the 3rd quarter. Barclays PLC now owns 577,591 shares of the insurance provider’s stock worth $36,568,000 after purchasing an additional 149,500 shares in the last quarter. Bank of Nova Scotia boosted its position in shares of Loews by 115.4% in the 3rd quarter. Bank of Nova Scotia now owns 270,421 shares of the insurance provider’s stock worth $17,120,000 after purchasing an additional 144,902 shares in the last quarter. Finally, Jump Financial LLC boosted its position in shares of Loews by 3,984.2% in the 3rd quarter. Jump Financial LLC now owns 146,910 shares of the insurance provider’s stock worth $9,301,000 after purchasing an additional 143,313 shares in the last quarter. Institutional investors own 58.33% of the company’s stock.

Insider Buying and Selling

In related news, insider Jonathan M. Tisch sold 4,287 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $71.91, for a total value of $308,278.17. Following the completion of the transaction, the insider now owns 106,870 shares in the company, valued at approximately $7,685,021.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Jonathan M. Tisch sold 4,287 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $71.91, for a total value of $308,278.17. Following the completion of the transaction, the insider now owns 106,870 shares in the company, valued at approximately $7,685,021.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul J. Fribourg sold 951 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $75.02, for a total value of $71,344.02. Following the completion of the transaction, the director now owns 21,200 shares of the company’s stock, valued at approximately $1,590,424. The disclosure for this sale can be found here. Insiders sold 137,563 shares of company stock worth $10,052,551 in the last 90 days. Insiders own 18.70% of the company’s stock.

Loews Stock Up 0.4 %

Loews stock opened at $76.75 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.32 and a quick ratio of 0.32. The stock has a market capitalization of $17.05 billion, a price-to-earnings ratio of 12.18 and a beta of 0.83. Loews Co. has a 1-year low of $55.31 and a 1-year high of $78.55. The business has a fifty day moving average price of $75.63 and a 200-day moving average price of $71.11.

Loews (NYSE:L) last posted its quarterly earnings data on Monday, February 5th. The insurance provider reported $1.99 earnings per share for the quarter. The firm had revenue of $4.26 billion during the quarter. Loews had a return on equity of 9.18% and a net margin of 9.02%.

Loews Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Wednesday, February 21st were paid a $0.0625 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $0.25 dividend on an annualized basis and a yield of 0.33%. Loews’s dividend payout ratio (DPR) is 3.97%.

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.