Sumitomo Mitsui Trust Group Inc. Grows Position in Loews Co. (NYSE:L)

Sumitomo Mitsui Trust Group Inc. grew its stake in Loews Co. (NYSE:L) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 511,291 shares of the insurance provider’s stock after buying an additional 1,942 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Loews were worth $43,301,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. grew its stake in shares of Loews by 345.4% during 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 acquiring an additional 229,965 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Loews by 92.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,484 shares of the insurance provider’s stock valued at $37,745,000 after purchasing an additional 229,956 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Loews by 22.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 569,156 shares of the insurance provider’s stock worth $44,992,000 after purchasing an additional 105,810 shares during the period. Barclays PLC increased its stake in shares of Loews by 13.1% in 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 in the last quarter. Finally, State Street Corp raised its position in shares of Loews by 1.0% during the 3rd quarter. State Street Corp now owns 8,077,241 shares of the insurance provider’s stock valued at $638,506,000 after purchasing an additional 82,581 shares during the period. Institutional investors own 58.33% of the company’s stock.

Loews Stock Down 1.0 %

Shares of L opened at $85.89 on Tuesday. Loews Co. has a 12-month low of $72.50 and a 12-month high of $88.29. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $18.71 billion, a PE ratio of 11.41 and a beta of 0.83. The business’s 50 day moving average is $84.68 and its 200 day moving average is $81.84.

Loews (NYSE:L) last released its earnings results on Monday, February 10th. The insurance provider reported $0.86 EPS for the quarter. Loews had a net margin of 9.71% and a return on equity of 9.70%.

Analysts Set New Price Targets

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

Insider Buying and Selling at Loews

In other Loews news, Director Andrew H. Tisch sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $83.26, for a total transaction of $4,163,000.00. Following the sale, the director now directly owns 11,939,677 shares in the company, valued at $994,097,507.02. This represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Charles M. Diker sold 1,146 shares of Loews 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 completion of the transaction, the director now owns 19,906 shares of the company’s stock, valued at approximately $1,728,437.98. This trade represents a 5.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 62,370 shares of company stock valued at $5,218,627 in the last 90 days. Insiders own 18.70% of the company’s stock.

Loews 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.