UniSuper Management Pty Ltd Has $2.25 Million Stock Holdings in Loews Co. (NYSE:L)

UniSuper Management Pty Ltd raised its stake in Loews Co. (NYSE:L) by 17.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 26,616 shares of the insurance provider’s stock after buying an additional 3,961 shares during the period. UniSuper Management Pty Ltd’s holdings in Loews were worth $2,254,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of L. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Loews in the fourth quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new stake in Loews during the 3rd quarter worth approximately $49,000. Human Investing LLC acquired a new position in Loews in the 4th quarter valued at approximately $51,000. Graney & King LLC bought a new position in shares of Loews during the fourth quarter valued at $56,000. Finally, Intact Investment Management Inc. acquired a new position in shares of Loews during the fourth quarter worth $68,000. Institutional investors own 58.33% of the company’s stock.

Loews Stock Performance

Shares of L stock opened at $90.66 on Monday. The stock has a market capitalization of $19.30 billion, a PE ratio of 14.17 and a beta of 0.80. The business’s 50 day simple moving average is $85.78 and its 200 day simple moving average is $83.44. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34. Loews Co. has a one year low of $72.91 and a one year high of $92.13.

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

Loews Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.0625 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.25 dividend on an annualized basis and a yield of 0.28%. Loews’s payout ratio is currently 3.91%.

Insider Transactions at Loews

In related 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 transaction of $320,710.99. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 transaction of $635,408.55. Following the completion of the sale, the director now owns 1,568,191 shares of the company’s stock, valued at $132,276,910.85. The trade was a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 158,860 shares of company stock valued at $13,486,463. Corporate insiders own 18.70% of the company’s stock.

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.