Fjarde AP Fonden Fourth Swedish National Pension Fund Has $7.46 Million Stake in Loews Co. (NYSE:L)

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its holdings in Loews Co. (NYSE:L) by 25.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 88,049 shares of the insurance provider’s stock after selling 30,600 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Loews were worth $7,457,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of L. Miracle Mile Advisors LLC acquired a new stake in shares of Loews in the fourth quarter valued at approximately $315,000. Charles Schwab Investment Management Inc. boosted its position in Loews by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,611,751 shares of the insurance provider’s stock valued at $127,409,000 after buying an additional 8,615 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of Loews by 8.0% in the 3rd quarter. Intech Investment Management LLC now owns 137,566 shares of the insurance provider’s stock valued at $10,875,000 after buying an additional 10,213 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Loews by 47.8% during the third quarter. PNC Financial Services Group Inc. now owns 37,319 shares of the insurance provider’s stock worth $2,950,000 after acquiring an additional 12,070 shares during the last quarter. Finally, Swedbank AB lifted its stake in shares of Loews by 8.8% during the third quarter. Swedbank AB now owns 379,647 shares of the insurance provider’s stock valued at $30,011,000 after acquiring an additional 30,600 shares during the period. Institutional investors and hedge funds own 58.33% of the company’s stock.

Loews Trading Up 1.9 %

L opened at $84.31 on Tuesday. Loews Co. has a fifty-two week low of $72.91 and a fifty-two week high of $88.29. The company has a market cap of $17.95 billion, a price-to-earnings ratio of 13.17 and a beta of 0.83. 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 firm has a 50 day simple moving average of $84.37 and a 200 day simple moving average of $82.25.

Loews (NYSE:L) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $0.86 earnings per share for the quarter. Loews had a return on equity of 8.04% and a net margin of 8.08%.

Loews Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.0625 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.25 annualized dividend and a dividend yield of 0.30%. Loews’s payout ratio is currently 3.91%.

Insider Transactions at Loews

In other news, Director Jonathan M. Tisch sold 3,691 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $86.89, for a total value of $320,710.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew H. Tisch sold 7,533 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $84.35, for a total value of $635,408.55. Following the sale, the director now directly owns 1,568,191 shares in the company, valued at $132,276,910.85. The trade was a 0.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,370 shares of company stock worth $1,055,627. 18.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Loews from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th.

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.