Arbejdsmarkedets Tillaegspension Purchases New Shares in Loews Corporation $L

Arbejdsmarkedets Tillaegspension purchased a new stake in Loews Corporation (NYSE:L) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 226,784 shares of the insurance provider’s stock, valued at approximately $23,883,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Danske Bank A S acquired a new position in Loews in the third quarter valued at approximately $35,724,000. Dark Forest Capital Management LP boosted its holdings in Loews by 582.8% in the third quarter. Dark Forest Capital Management LP now owns 221,212 shares of the insurance provider’s stock valued at $22,207,000 after purchasing an additional 188,812 shares in the last quarter. Amundi boosted its holdings in Loews by 41.6% in the third quarter. Amundi now owns 610,657 shares of the insurance provider’s stock valued at $62,513,000 after purchasing an additional 179,383 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Loews by 5,379.4% in the fourth quarter. SG Americas Securities LLC now owns 165,807 shares of the insurance provider’s stock valued at $17,461,000 after purchasing an additional 162,781 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in Loews by 43.2% in the third quarter. CANADA LIFE ASSURANCE Co now owns 446,639 shares of the insurance provider’s stock valued at $44,492,000 after purchasing an additional 134,777 shares in the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (a-)” rating on shares of Loews in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Loews Price Performance

Loews stock opened at $105.13 on Friday. Loews Corporation has a 12 month low of $86.77 and a 12 month high of $114.90. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.36 and a quick ratio of 0.36. The business has a 50 day simple moving average of $108.26 and a 200-day simple moving average of $106.44. The stock has a market capitalization of $21.63 billion, a PE ratio of 13.36 and a beta of 0.56.

Loews (NYSE:L) last released its quarterly earnings results on Monday, May 4th. The insurance provider reported $1.63 EPS for the quarter. Loews had a return on equity of 8.51% and a net margin of 8.83%.The business had revenue of $4.56 billion during the quarter.

Loews Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, May 27th. Loews’s dividend payout ratio is 3.18%.

Insider Activity at Loews

In other Loews news, Director Andrew H. Tisch sold 50,000 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $108.81, for a total value of $5,440,500.00. Following the completion of the transaction, the director owned 12,480,400 shares in the company, valued at approximately $1,357,992,324. This represents a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 19.00% of the stock is owned by company insiders.

Loews Profile

Loews Corporation (NYSE: L) is a diversified holding company that owns and operates businesses across insurance, hospitality, energy-related operations and other industrial and investment activities. The company holds controlling and significant minority interests in subsidiaries that run as standalone businesses, with corporate oversight focused on capital allocation, risk management and long-term value creation for shareholders.

One of Loews’ principal businesses is insurance, conducted through CNA Financial, a commercial property and casualty insurer that underwrites a range of business insurance products for corporate and institutional clients.