TIAA Trust National Association Has $410,000 Holdings in Loews Co. (NYSE:L)

TIAA Trust National Association lifted its position in shares of Loews Co. (NYSE:L) by 16.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,838 shares of the insurance provider’s stock after purchasing an additional 693 shares during the quarter. TIAA Trust National Association’s holdings in Loews were worth $410,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. State Street Corp boosted its stake in 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 last quarter. Geode Capital Management LLC boosted its position in shares of Loews by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,265,493 shares of the insurance provider’s stock valued at $336,005,000 after buying an additional 53,428 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Loews by 0.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,191,888 shares of the insurance provider’s stock worth $268,640,000 after buying an additional 8,750 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Loews by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,623,291 shares of the insurance provider’s stock valued at $137,477,000 after acquiring an additional 11,540 shares in the last quarter. Finally, Boston Partners boosted its holdings in Loews by 16.9% during the 4th quarter. Boston Partners now owns 1,499,417 shares of the insurance provider’s stock worth $126,983,000 after acquiring an additional 217,115 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors.

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.

Loews Price Performance

L opened at $90.66 on Friday. The firm has a market cap of $19.30 billion, a P/E ratio of 14.17 and a beta of 0.80. 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 Co. has a fifty-two week low of $72.91 and a fifty-two week high of $92.13. The firm has a 50-day moving average of $85.78 and a 200 day moving average of $83.37.

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

Loews Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.25 annualized dividend and a yield of 0.28%. Loews’s dividend payout ratio is currently 3.91%.

Insider Buying and Selling at Loews

In related news, Director Jonathan M. Tisch sold 3,691 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total value of $320,710.99. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jonathan M. Tisch sold 50,000 shares of Loews stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $85.08, for a total value of $4,254,000.00. Following the sale, the director now directly owns 7,105,529 shares of the company’s stock, valued at $604,538,407.32. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 158,860 shares of company stock valued at $13,486,463 in the last quarter. 18.70% of the stock is currently owned by corporate insiders.

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.