UniSuper Management Pty Ltd Purchases 3,961 Shares of Loews Co. (NYSE:L)

UniSuper Management Pty Ltd boosted its position in shares of Loews Co. (NYSE:L) by 17.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,616 shares of the insurance provider’s stock after acquiring an additional 3,961 shares during the quarter. 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 large investors have also recently added to or reduced their stakes in L. Halbert Hargrove Global Advisors LLC bought a new position in shares of Loews during the 4th quarter worth approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Loews during the 3rd quarter valued at $49,000. Human Investing LLC bought a new position in Loews during the fourth quarter worth $51,000. Graney & King LLC acquired a new position in shares of Loews in the fourth quarter valued at $56,000. Finally, Intact Investment Management Inc. bought a new position in shares of Loews in the fourth quarter valued at about $68,000. Institutional investors and hedge funds own 58.33% of the company’s stock.

Loews Stock Performance

L opened at $90.66 on Monday. 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 business has a fifty day simple moving average of $85.78 and a 200 day simple moving average of $83.44. Loews Co. has a 1 year low of $72.91 and a 1 year high of $92.13. The company has a market capitalization of $19.30 billion, a PE ratio of 14.17 and a beta of 0.80.

Loews (NYSE:L) last released its quarterly earnings results 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 Announces Dividend

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

Insider Activity at Loews

In other news, Director Jonathan M. Tisch sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $85.08, for a total transaction of $4,254,000.00. Following the completion of the sale, the director now owns 7,105,529 shares of the company’s stock, valued at approximately $604,538,407.32. This represents a 0.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Andrew H. Tisch sold 7,533 shares of the stock in a transaction that occurred 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 sale, the director now owns 1,568,191 shares in the company, valued at $132,276,910.85. This represents a 0.48 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 158,860 shares of company stock worth $13,486,463. Company insiders own 18.70% of the company’s stock.

Analyst Upgrades and Downgrades

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

Loews Company 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.