Mitsubishi UFJ Asset Management Co. Ltd. Buys 50,104 Shares of Loews Co. (NYSE:L)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Loews Co. (NYSE:L) by 19.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 304,101 shares of the insurance provider’s stock after acquiring an additional 50,104 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.14% of Loews worth $25,651,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in L. Cerity Partners LLC lifted its position in shares of Loews by 64.2% in the third quarter. Cerity Partners LLC now owns 29,755 shares of the insurance provider’s stock valued at $2,352,000 after acquiring an additional 11,637 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Loews by 42.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 235,569 shares of the insurance provider’s stock worth $18,622,000 after purchasing an additional 69,836 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in Loews by 20.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 5,605 shares of the insurance provider’s stock worth $443,000 after purchasing an additional 952 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in Loews by 92.9% in 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 purchasing an additional 229,956 shares during the period. Finally, Centiva Capital LP grew its holdings in Loews by 56.3% during the 3rd quarter. Centiva Capital LP now owns 11,071 shares of the insurance provider’s stock valued at $875,000 after buying an additional 3,987 shares in the last quarter. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling at Loews

In other news, Director Jonathan M. Tisch sold 3,691 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total transaction of $320,710.99. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Andrew H. Tisch sold 7,533 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $84.35, for a total value of $635,408.55. Following the sale, the director now owns 1,568,191 shares in the company, valued at $132,276,910.85. The trade was a 0.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 158,860 shares of company stock worth $13,486,463 over the last 90 days. 18.70% of the stock is owned by insiders.

Loews Trading Down 0.8 %

Shares of L stock opened at $90.66 on Monday. 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 market capitalization of $19.30 billion, a price-to-earnings ratio of 14.17 and a beta of 0.80. Loews Co. has a 12-month low of $72.91 and a 12-month high of $92.13. The stock’s 50-day moving average price is $85.78 and its 200-day moving average price is $83.44.

Loews (NYSE:L) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $0.86 earnings per share (EPS) for the quarter. Loews had a return on equity of 8.04% and a net margin of 8.08%.

Loews Announces Dividend

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