Caisse DE Depot ET Placement DU Quebec Increases Stock Holdings in Loews Co. (NYSE:L)

Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Loews Co. (NYSE:L) by 92.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 477,484 shares of the insurance provider’s stock after acquiring an additional 229,956 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Loews were worth $37,745,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Optas LLC increased its holdings in Loews by 1.9% during the 2nd quarter. Optas LLC now owns 8,086 shares of the insurance provider’s stock worth $604,000 after purchasing an additional 151 shares during the last quarter. Summit Trail Advisors LLC raised its holdings in Loews by 2.6% in the third quarter. Summit Trail Advisors LLC now owns 6,038 shares of the insurance provider’s stock valued at $477,000 after acquiring an additional 153 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in Loews by 4.3% during the 3rd quarter. Atomi Financial Group Inc. now owns 4,111 shares of the insurance provider’s stock valued at $325,000 after acquiring an additional 169 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Loews by 6.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,195 shares of the insurance provider’s stock worth $239,000 after purchasing an additional 186 shares during the last quarter. Finally, Ballentine Partners LLC raised 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 in the last quarter. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Loews Stock Performance

Loews stock opened at $86.73 on Monday. The company has a market cap of $18.89 billion, a PE ratio of 11.52 and a beta of 0.82. Loews Co. has a 12 month low of $67.20 and a 12 month high of $87.45. The company has a fifty day moving average price of $81.20 and a two-hundred day moving average price of $78.73. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.25 annualized dividend and a yield of 0.29%. Loews’s dividend payout ratio (DPR) is 3.32%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Loews news, Director Andrew H. Tisch sold 50,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $83.26, for a total transaction of $4,163,000.00. Following the completion of the transaction, the director now directly owns 11,939,677 shares of the company’s stock, valued at $994,097,507.02. The trade was a 0.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jonathan M. Tisch sold 62,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $80.84, for a total transaction of $5,052,500.00. Following the completion of the sale, the insider now owns 6,781,634 shares in the company, valued at $548,227,292.56. The trade was a 0.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 213,587 shares of company stock valued at $17,586,460 over the last quarter. Insiders own 18.70% of the company’s stock.

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.