PGGM Investments Acquires 895 Shares of Loews Co. (NYSE:L)

PGGM Investments grew its stake in Loews Co. (NYSE:L) by 0.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 171,292 shares of the insurance provider’s stock after buying an additional 895 shares during the period. PGGM Investments owned approximately 0.08% of Loews worth $12,802,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Norges Bank bought a new stake in Loews during the fourth quarter valued at about $511,159,000. Vanguard Group Inc. lifted its holdings in shares of Loews by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 21,156,933 shares of the insurance provider’s stock worth $1,656,376,000 after acquiring an additional 507,513 shares during the period. Swedbank AB bought a new stake in shares of Loews in the 1st quarter worth about $23,646,000. Northern Trust Corp increased its position in shares of Loews by 11.9% during the 4th quarter. Northern Trust Corp now owns 2,503,105 shares of the insurance provider’s stock worth $174,191,000 after purchasing an additional 266,729 shares in the last quarter. Finally, UBS Group AG lifted its holdings in Loews by 60.0% during the 4th quarter. UBS Group AG now owns 555,768 shares of the insurance provider’s stock valued at $38,676,000 after purchasing an additional 208,356 shares during the last quarter. Institutional investors own 58.33% of the company’s stock.

Insider Buying and Selling at Loews

In other news, insider Jonathan M. Tisch sold 50,000 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $77.14, for a total value of $3,857,000.00. Following the transaction, the insider now directly owns 457,799 shares in the company, valued at approximately $35,314,614.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Jonathan M. Tisch sold 50,000 shares of Loews stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $77.14, for a total transaction of $3,857,000.00. Following the transaction, the insider now owns 457,799 shares of the company’s stock, valued at approximately $35,314,614.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Mark S. Schwartz sold 2,628 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $80.88, for a total transaction of $212,552.64. Following the transaction, the vice president now owns 14,933 shares of the company’s stock, valued at approximately $1,207,781.04. The disclosure for this sale can be found here. Corporate insiders own 18.70% of the company’s stock.

Loews Trading Up 0.8 %

Loews stock traded up $0.60 during mid-day trading on Wednesday, hitting $77.66. The stock had a trading volume of 635,890 shares, compared to its average volume of 730,833. The stock has a market capitalization of $17.19 billion, a PE ratio of 11.52 and a beta of 0.83. Loews Co. has a 12 month low of $61.29 and a 12 month high of $83.54. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The stock has a 50-day simple moving average of $76.61 and a two-hundred day simple moving average of $75.86.

Loews (NYSE:L) last issued its earnings results on Monday, July 29th. The insurance provider reported $1.67 earnings per share (EPS) for the quarter. The company had revenue of $4.27 billion for the quarter. Loews had a net margin of 9.14% and a return on equity of 9.26%.

Loews Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 21st will be issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Wednesday, August 21st. Loews’s dividend payout ratio is presently 3.71%.

Analyst Ratings Changes

L has been the topic of a number of research analyst reports. Royal Bank of Canada raised shares of Loews to a “moderate buy” rating in a report on Friday, July 26th. Jefferies Financial Group lowered their price target on shares of Loews from $115.00 to $112.00 and set a “buy” rating for the company in a report on Wednesday, July 31st.

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.