ING Groep NV Has $692,000 Position in Loews Co. (NYSE:L)

ING Groep NV lowered its position in Loews Co. (NYSE:L) by 11.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,169 shares of the insurance provider’s stock after selling 1,014 shares during the quarter. ING Groep NV’s holdings in Loews were worth $692,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in shares of Loews in the third quarter valued at about $40,000. Human Investing LLC bought a new position in shares of Loews in the fourth quarter valued at about $51,000. Wilmington Savings Fund Society FSB bought a new position in shares of Loews in the third quarter valued at about $49,000. Venturi Wealth Management LLC raised its position in shares of Loews by 10.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,237 shares of the insurance provider’s stock valued at $105,000 after purchasing an additional 119 shares during the period. Finally, Principal Securities Inc. raised its position in shares of Loews by 24.4% in the fourth quarter. Principal Securities Inc. now owns 1,440 shares of the insurance provider’s stock valued at $122,000 after purchasing an additional 282 shares during the period. Institutional investors and hedge funds own 58.33% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In other news, Director Charles M. Diker sold 1,146 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $86.83, for a total value of $99,507.18. Following the completion of the transaction, the director now directly owns 19,906 shares in the company, valued at approximately $1,728,437.98. The trade was a 5.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew H. Tisch sold 7,533 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $84.35, for a total transaction of $635,408.55. Following the completion of the transaction, 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 12,370 shares of company stock worth $1,055,627. 18.70% of the stock is currently owned by corporate insiders.

Loews Price Performance

NYSE:L opened at $84.31 on Tuesday. Loews Co. has a 52 week low of $72.91 and a 52 week high of $88.29. The firm has a market cap of $17.95 billion, a price-to-earnings ratio of 13.17 and a beta of 0.83. The firm’s 50-day simple moving average is $84.37 and its 200 day simple moving average is $82.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.34.

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 company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th will be issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend is Wednesday, February 26th. Loews’s dividend payout ratio is currently 3.91%.

About Loews

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.