Nisa Investment Advisors LLC Has $7.58 Million Position in Loews Co. (NYSE:L)

Nisa Investment Advisors LLC lessened its position in Loews Co. (NYSE:L) by 22.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 89,529 shares of the insurance provider’s stock after selling 25,573 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Loews were worth $7,582,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its stake in Loews by 345.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 296,538 shares of the insurance provider’s stock valued at $25,114,000 after purchasing an additional 229,965 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Loews by 92.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,484 shares of the insurance provider’s stock worth $37,745,000 after acquiring an additional 229,956 shares during the period. Bank of Montreal Can increased its holdings in shares of Loews by 106.3% during the 2nd quarter. Bank of Montreal Can now owns 353,160 shares of the insurance provider’s stock worth $27,338,000 after acquiring an additional 182,009 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Loews by 22.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 569,156 shares of the insurance provider’s stock valued at $44,992,000 after purchasing an additional 105,810 shares during the last quarter. Finally, Barclays PLC boosted its position in Loews by 13.1% during the third quarter. Barclays PLC now owns 752,380 shares of the insurance provider’s stock worth $59,473,000 after purchasing an additional 87,259 shares during the period. Institutional investors own 58.33% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Loews from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th.

Loews Trading Up 1.1 %

L opened at $84.83 on Friday. The stock has a market capitalization of $18.47 billion, a price-to-earnings ratio of 11.27 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 0.48. Loews Co. has a twelve month low of $71.45 and a twelve month high of $87.45. The company has a 50-day simple moving average of $84.60 and a 200 day simple moving average of $81.12.

Loews (NYSE:L) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.82 earnings per share for the quarter. The business had revenue of $4.47 billion for the quarter. Loews had a return on equity of 9.70% and a net margin of 9.71%.

Loews Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 27th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend was Wednesday, November 27th. Loews’s payout ratio is 3.32%.

Insider Activity at Loews

In related news, Director Charles M. Diker sold 1,146 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $86.83, for a total value of $99,507.18. Following the sale, the director now directly owns 19,906 shares in the company, valued at $1,728,437.98. This represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Andrew H. Tisch sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $83.16, for a total transaction of $6,237,000.00. Following the completion of the transaction, the director now owns 12,089,677 shares in the company, valued at $1,005,377,539.32. This trade represents a 0.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 133,679 shares of company stock valued at $11,134,916 in the last 90 days. 18.70% of the stock is owned by corporate insiders.

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.