Vanguard Group Inc. Has $1.66 Billion Stock Holdings in Loews Co. (NYSE:L)

Vanguard Group Inc. lifted its holdings in Loews Co. (NYSE:L) by 2.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,156,933 shares of the insurance provider’s stock after buying an additional 507,513 shares during the quarter. Vanguard Group Inc. owned about 0.10% of Loews worth $1,656,376,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Loews during the fourth quarter worth $511,159,000. Allspring Global Investments Holdings LLC raised its holdings in Loews by 1.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,259,802 shares of the insurance provider’s stock worth $255,210,000 after purchasing an additional 37,953 shares during the last quarter. Northern Trust Corp lifted its position in Loews by 11.9% during the 4th quarter. Northern Trust Corp now owns 2,503,105 shares of the insurance provider’s stock valued at $174,191,000 after purchasing an additional 266,729 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Loews by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,587,817 shares of the insurance provider’s stock valued at $110,496,000 after purchasing an additional 21,323 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in shares of Loews by 9.0% during the 4th quarter. Hsbc Holdings PLC now owns 570,748 shares of the insurance provider’s stock worth $39,698,000 after buying an additional 46,990 shares during the period. Institutional investors and hedge funds own 58.33% of the company’s stock.

Insiders Place Their Bets

In other Loews news, insider Jonathan M. Tisch sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $77.14, for a total value of $3,857,000.00. Following the completion of the sale, the insider now owns 457,799 shares of the company’s stock, valued at $35,314,614.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 150,000 shares of company stock worth $11,588,500. Insiders own 18.70% of the company’s stock.

Loews Trading Up 0.3 %

NYSE L traded up $0.24 during trading hours on Monday, hitting $78.30. The company’s stock had a trading volume of 85,150 shares, compared to its average volume of 739,763. Loews Co. has a twelve month low of $60.98 and a twelve month high of $81.11. The firm has a market capitalization of $17.34 billion, a P/E ratio of 11.58 and a beta of 0.83. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. The stock has a fifty day moving average of $75.79 and a 200 day moving average of $75.08.

Loews (NYSE:L) last issued its earnings results on Monday, May 6th. The insurance provider reported $2.05 EPS for the quarter. Loews had a net margin of 9.27% and a return on equity of 9.45%. The company had revenue of $4.23 billion during the quarter.

Loews Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Wednesday, May 29th were 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 of this dividend was Wednesday, May 29th. Loews’s dividend payout ratio (DPR) is currently 3.71%.

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.