Loews Corporation $L Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its position in Loews Corporation (NYSE:L) by 6.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 123,366 shares of the insurance provider’s stock after selling 8,213 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.06% of Loews worth $12,992,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in L. Harbor Capital Advisors Inc. acquired a new stake in shares of Loews during the 4th quarter valued at $27,000. SJS Investment Consulting Inc. lifted its position in shares of Loews by 880.8% during the 3rd quarter. SJS Investment Consulting Inc. now owns 255 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 229 shares during the last quarter. Harbor Investment Advisory LLC acquired a new stake in shares of Loews during the 4th quarter valued at $30,000. Private Trust Co. NA lifted its position in shares of Loews by 896.7% during the 4th quarter. Private Trust Co. NA now owns 299 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 269 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in shares of Loews during the 3rd quarter valued at $30,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Activity

In other news, Director Ann E. Berman sold 1,922 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $110.16, for a total value of $211,727.52. Following the completion of the sale, the director owned 4,998 shares in the company, valued at $550,579.68. This represents a 27.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andrew H. Tisch sold 50,000 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $108.81, for a total value of $5,440,500.00. Following the completion of the sale, the director owned 12,480,400 shares of the company’s stock, valued at $1,357,992,324. The trade was a 0.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 105,417 shares of company stock worth $11,549,723 over the last quarter. Corporate insiders own 19.00% of the company’s stock.

Loews Price Performance

Shares of NYSE:L opened at $111.99 on Friday. Loews Corporation has a one year low of $85.10 and a one year high of $114.90. The stock has a fifty day moving average of $109.11 and a 200-day moving average of $106.09. The company has a market capitalization of $23.04 billion, a PE ratio of 14.03 and a beta of 0.56. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.36 and a current ratio of 0.36.

Loews (NYSE:L) last announced its quarterly earnings data on Monday, February 9th. The insurance provider reported $1.94 EPS for the quarter. The company had revenue of $4.73 billion during the quarter. Loews had a return on equity of 8.86% and a net margin of 9.03%.

Loews Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 25th were issued a $0.0625 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.2%. Loews’s dividend payout ratio is presently 3.13%.

Loews Company 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.