KBC Group NV Boosts Stake in Loews Co. (NYSE:L)

KBC Group NV lifted its holdings in Loews Co. (NYSE:LFree Report) by 10.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,262 shares of the insurance provider’s stock after buying an additional 7,797 shares during the quarter. KBC Group NV’s holdings in Loews were worth $5,516,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Lindbrook Capital LLC boosted its position in Loews by 41.4% during the fourth quarter. Lindbrook Capital LLC now owns 611 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 179 shares in the last quarter. Chase Investment Counsel Corp lifted its position in shares of Loews by 0.5% in the fourth quarter. Chase Investment Counsel Corp now owns 36,553 shares of the insurance provider’s stock valued at $2,543,000 after acquiring an additional 190 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Loews by 4.3% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,839 shares of the insurance provider’s stock valued at $337,000 after acquiring an additional 199 shares in the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of Loews by 0.9% in the third quarter. Atria Wealth Solutions Inc. now owns 32,736 shares of the insurance provider’s stock valued at $2,073,000 after acquiring an additional 295 shares in the last quarter. Finally, Optas LLC lifted its position in shares of Loews by 4.2% in the fourth quarter. Optas LLC now owns 7,935 shares of the insurance provider’s stock valued at $552,000 after acquiring an additional 320 shares in the last quarter. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Loews Stock Down 0.9 %

Shares of NYSE:L opened at $74.90 on Thursday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. Loews Co. has a 52-week low of $57.47 and a 52-week high of $78.55. The stock’s fifty day simple moving average is $76.00 and its 200-day simple moving average is $73.56. The company has a market capitalization of $16.58 billion, a P/E ratio of 11.11 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 earnings per share (EPS) for the quarter. The business 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 Dividend Announcement

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

Insider Activity at Loews

In other Loews news, insider Jonathan M. Tisch sold 50,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $77.39, for a total transaction of $3,869,500.00. Following the completion of the sale, the insider now directly owns 607,799 shares in the company, valued at $47,037,564.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 150,000 shares of company stock worth $11,588,500. 18.70% of the stock is currently owned by insiders.

About Loews

(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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