ING Groep NV Sells 1,014 Shares of Loews Co. (NYSE:L)

ING Groep NV trimmed its holdings in shares of Loews Co. (NYSE:L) by 11.0% during the fourth quarter, HoldingsChannel reports. The fund owned 8,169 shares of the insurance provider’s stock after selling 1,014 shares during the quarter. ING Groep NV’s holdings in Loews were worth $692,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in L. Creative Planning grew its holdings in Loews by 3.2% during the 3rd quarter. Creative Planning now owns 22,102 shares of the insurance provider’s stock worth $1,747,000 after acquiring an additional 677 shares during the last quarter. Raymond James & Associates grew its holdings in Loews by 2.4% during the 3rd quarter. Raymond James & Associates now owns 39,398 shares of the insurance provider’s stock worth $3,114,000 after acquiring an additional 920 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in Loews by 8.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,463 shares of the insurance provider’s stock worth $274,000 after acquiring an additional 268 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Loews by 8,975.8% during the 3rd quarter. International Assets Investment Management LLC now owns 69,248 shares of the insurance provider’s stock worth $5,474,000 after acquiring an additional 68,485 shares during the last quarter. Finally, Ballentine Partners LLC boosted its stake in shares of Loews by 5.2% in the 3rd quarter. Ballentine Partners LLC now owns 3,772 shares of the insurance provider’s stock valued at $298,000 after purchasing an additional 187 shares during the last quarter. 58.33% of the stock is owned by institutional investors.

Loews Trading Up 1.9 %

NYSE:L opened at $84.31 on Tuesday. The firm’s fifty day moving average is $84.37 and its 200-day moving average is $82.25. 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 52 week low of $72.91 and a 52 week high of $88.29. The firm has a market cap of $17.95 billion, a P/E ratio of 13.17 and a beta of 0.83.

Loews (NYSE:L) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $0.86 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 will be paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th will be given a dividend of $0.0625 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.30%. Loews’s payout ratio is presently 3.91%.

Insider Activity at Loews

In related news, Director Charles M. Diker sold 1,146 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $86.83, for a total transaction of $99,507.18. Following the transaction, the director now owns 19,906 shares in the company, valued at $1,728,437.98. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan M. Tisch sold 3,691 shares of the company’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total transaction of $320,710.99. The disclosure for this sale can be found here. Insiders have sold 12,370 shares of company stock worth $1,055,627 in the last quarter. Company insiders own 18.70% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Loews from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th.

Loews Company 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.