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

Sumitomo Mitsui Trust Group Inc. lifted its holdings in Loews Co. (NYSE:L) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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. owned approximately 0.23% of Loews worth $43,301,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Wedmont Private Capital grew its stake in shares of Loews by 5.2% in the fourth quarter. Wedmont Private Capital now owns 3,065 shares of the insurance provider’s stock worth $249,000 after acquiring an additional 151 shares during the last quarter. Summit Trail Advisors LLC grew its position in Loews by 2.6% during the 3rd quarter. Summit Trail Advisors LLC now owns 6,038 shares of the insurance provider’s stock valued at $477,000 after purchasing an additional 153 shares during the last quarter. Mather Group LLC. increased its stake in Loews by 7.7% during the 4th quarter. Mather Group LLC. now owns 2,248 shares of the insurance provider’s stock valued at $190,000 after purchasing an additional 161 shares in the last quarter. Perigon Wealth Management LLC raised its holdings in Loews by 5.9% in the fourth quarter. Perigon Wealth Management LLC now owns 3,306 shares of the insurance provider’s stock worth $285,000 after buying an additional 183 shares during the last quarter. Finally, Ballentine Partners LLC lifted its stake in shares of Loews by 5.2% in the third quarter. Ballentine Partners LLC now owns 3,772 shares of the insurance provider’s stock worth $298,000 after buying an additional 187 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors.

Loews Trading Down 1.0 %

Shares of NYSE:L opened at $85.89 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.34 and a quick ratio of 0.34. Loews Co. has a 1 year low of $72.50 and a 1 year high of $88.29. The company has a market cap of $18.71 billion, a P/E ratio of 11.41 and a beta of 0.83. The stock’s fifty day moving average price is $84.68 and its 200-day moving average price is $81.84.

Loews (NYSE:L) last posted its 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 9.71% and a return on equity of 9.70%.

Insider Activity at Loews

In other Loews news, Director Charles M. Diker sold 1,146 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $86.83, for a total value of $99,507.18. Following the transaction, the director now owns 19,906 shares of the company’s stock, valued at approximately $1,728,437.98. This represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew H. Tisch sold 7,533 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $84.35, for a total value of $635,408.55. Following the completion of the transaction, the director now directly owns 1,568,191 shares in the company, valued at $132,276,910.85. The trade was a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 62,370 shares of company stock worth $5,218,627 over the last quarter. Company insiders own 18.70% of the company’s stock.

Analysts Set New Price Targets

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

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.