Teachers Retirement System of The State of Kentucky decreased its holdings in Loews Co. (NYSE:L – Get Rating) by 4.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,367 shares of the insurance provider's stock after selling 625 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Loews were worth $931,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of L. Norges Bank bought a new stake in shares of Loews in the 4th quarter worth $424,424,000. National Pension Service increased its holdings in shares of Loews by 2,042.1% in the 1st quarter. National Pension Service now owns 385,399 shares of the insurance provider's stock worth $24,982,000 after purchasing an additional 367,407 shares in the last quarter. Ergoteles LLC increased its holdings in shares of Loews by 5,286.4% in the 1st quarter. Ergoteles LLC now owns 269,484 shares of the insurance provider's stock worth $17,468,000 after purchasing an additional 264,481 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Loews by 9.3% in the 4th quarter. Invesco Ltd. now owns 3,099,773 shares of the insurance provider's stock worth $179,043,000 after purchasing an additional 263,772 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Loews by 495.4% in the 1st quarter. Renaissance Technologies LLC now owns 285,200 shares of the insurance provider's stock worth $18,487,000 after purchasing an additional 237,300 shares in the last quarter. Institutional investors own 58.61% of the company's stock.

Insider Activity at Loews

In related news, major shareholder Corp Loews bought 47,899 shares of the stock in a transaction that occurred on Thursday, September 8th. The shares were bought at an average cost of $40.08 per share, for a total transaction of $1,919,791.92. Following the completion of the transaction, the insider now owns 243,526,599 shares of the company's stock, valued at $9,760,546,087.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have purchased 274,630 shares of company stock worth $10,802,190. Corporate insiders own 17.50% of the company's stock.

Wall Street Analysts Forecast Growth

Loews Stock Performance

Shares of L opened at $51.00 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.35 and a quick ratio of 0.35. Loews Co. has a one year low of $50.34 and a one year high of $68.20. The firm has a market capitalization of $12.29 billion, a P/E ratio of 11.83 and a beta of 0.81. The business has a fifty day moving average of $56.33 and a 200 day moving average of $60.34.

Loews Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 30th. Investors of record on Wednesday, August 17th were given a dividend of $0.0625 per share. The ex-dividend date was Tuesday, August 16th. This represents a $0.25 annualized dividend and a yield of 0.49%. Loews's dividend payout ratio (DPR) is presently 5.80%.

Loews Company Profile

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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 property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto and umbrella coverages.

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