US Bancorp DE Sells 424 Shares of Loews Co. (NYSE:L)

US Bancorp DE lowered its stake in shares of Loews Co. (NYSE:LFree Report) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,600 shares of the insurance provider’s stock after selling 424 shares during the period. US Bancorp DE’s holdings in Loews were worth $1,086,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Loews during the 4th quarter worth approximately $511,159,000. Northern Trust Corp raised its stake in Loews by 6.3% in the 3rd quarter. Northern Trust Corp now owns 2,236,376 shares of the insurance provider’s stock valued at $141,585,000 after acquiring an additional 131,736 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Loews by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,587,817 shares of the insurance provider’s stock valued at $110,496,000 after acquiring an additional 21,323 shares during the period. Royal Bank of Canada raised its stake in Loews by 2.6% in the 3rd quarter. Royal Bank of Canada now owns 935,189 shares of the insurance provider’s stock valued at $59,207,000 after acquiring an additional 23,756 shares during the period. Finally, UBS Group AG raised its stake in Loews by 60.0% in the 4th quarter. UBS Group AG now owns 555,768 shares of the insurance provider’s stock valued at $38,676,000 after acquiring an additional 208,356 shares during the period. Institutional investors own 58.33% of the company’s stock.

Loews Stock Performance

Shares of NYSE L opened at $75.87 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34. The stock’s fifty day moving average price is $76.09 and its two-hundred day moving average price is $73.49. Loews Co. has a one year low of $57.47 and a one year high of $78.55. The firm has a market cap of $16.80 billion, a price-to-earnings ratio of 11.26 and a beta of 0.85.

Loews (NYSE:LGet Free Report) last issued its quarterly earnings data on Monday, May 6th. The insurance provider reported $2.05 EPS for the quarter. The firm had revenue of $4.23 billion for the quarter. Loews had a return on equity of 9.45% and a net margin of 9.27%.

Loews Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th will be issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend is Wednesday, May 29th. Loews’s dividend payout ratio (DPR) is currently 3.71%.

Insider Transactions at Loews

In related news, insider Jonathan M. Tisch sold 50,000 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $77.14, for a total transaction of $3,857,000.00. Following the completion of the sale, the insider now directly owns 457,799 shares in the company, valued at approximately $35,314,614.86. The sale was disclosed in a filing with the SEC, which is available through this link. In the last three months, insiders have sold 150,000 shares of company stock valued at $11,588,500. 18.70% of the stock is owned by corporate insiders.

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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