Loews Co. (NYSE:L) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its stake in Loews Co. (NYSE:L) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,839 shares of the insurance provider’s stock after acquiring an additional 199 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Loews were worth $337,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. SteelPeak Wealth LLC acquired a new stake in shares of Loews in the fourth quarter valued at $1,909,000. SG Americas Securities LLC raised its stake in shares of Loews by 112.1% in the fourth quarter. SG Americas Securities LLC now owns 49,417 shares of the insurance provider’s stock valued at $3,439,000 after acquiring an additional 26,120 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Loews by 405.5% in the fourth quarter. Pacer Advisors Inc. now owns 62,406 shares of the insurance provider’s stock valued at $4,343,000 after acquiring an additional 50,061 shares in the last quarter. Metis Global Partners LLC raised its stake in shares of Loews by 16.4% in the third quarter. Metis Global Partners LLC now owns 6,885 shares of the insurance provider’s stock valued at $436,000 after acquiring an additional 970 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board acquired a new stake in shares of Loews in the third quarter valued at $548,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Loews

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

Loews Stock Down 1.2 %

Shares of NYSE L opened at $75.46 on Monday. The stock has a market cap of $16.77 billion, a P/E ratio of 11.98 and a beta of 0.83. The business’s fifty day simple moving average is $75.74 and its 200-day simple moving average is $71.37. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.48. Loews Co. has a 12-month low of $55.64 and a 12-month high of $78.55.

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

Loews Announces Dividend

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

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.