Loews Co. (NYSE:L) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its position in Loews Co. (NYSE:L) by 15.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,327 shares of the insurance provider’s stock after purchasing an additional 731 shares during the quarter. GAMMA Investing LLC’s holdings in Loews were worth $421,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Loews by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 21,156,933 shares of the insurance provider’s stock worth $1,656,376,000 after acquiring an additional 507,513 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Loews by 1.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,259,802 shares of the insurance provider’s stock worth $255,210,000 after acquiring an additional 37,953 shares during the period. Dimensional Fund Advisors LP increased its holdings in Loews by 6.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,673,906 shares of the insurance provider’s stock worth $199,858,000 after purchasing an additional 161,810 shares during the period. AQR Capital Management LLC raised its position in Loews by 5.8% in the 2nd quarter. AQR Capital Management LLC now owns 820,800 shares of the insurance provider’s stock valued at $61,347,000 after purchasing an additional 45,237 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of Loews by 5.0% in the 2nd quarter. Hsbc Holdings PLC now owns 692,116 shares of the insurance provider’s stock valued at $51,750,000 after buying an additional 33,125 shares during the period. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

L has been the topic of several analyst reports. Jefferies Financial Group reduced their target price on shares of Loews from $115.00 to $112.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Royal Bank of Canada upgraded shares of Loews to a “moderate buy” rating in a report on Friday, July 26th.

Insider Buying and Selling

In other news, Director Ann E. Berman sold 1,087 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $81.38, for a total value of $88,460.06. Following the completion of the sale, the director now directly owns 4,998 shares of the company’s stock, valued at approximately $406,737.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Ann E. Berman sold 1,087 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $81.38, for a total value of $88,460.06. Following the completion of the sale, the director now owns 4,998 shares in the company, valued at $406,737.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan C. Locker acquired 6,200 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were bought at an average cost of $80.63 per share, with a total value of $499,906.00. Following the completion of the transaction, the director now directly owns 23,068 shares in the company, valued at $1,859,972.84. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 91,215 shares of company stock worth $7,399,013 in the last ninety days. 18.70% of the stock is owned by corporate insiders.

Loews Stock Up 1.2 %

Shares of NYSE L opened at $78.25 on Thursday. The business has a 50-day moving average of $79.00 and a two-hundred day moving average of $77.18. The company has a market capitalization of $17.33 billion, a price-to-earnings ratio of 11.61 and a beta of 0.81. Loews Co. has a 1 year low of $62.18 and a 1 year high of $83.54. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34.

Loews (NYSE:L) last posted its earnings results on Monday, July 29th. The insurance provider reported $1.67 earnings per share for the quarter. The firm had revenue of $4.27 billion during the quarter. Loews had a return on equity of 9.26% and a net margin of 9.14%.

Loews Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 21st were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date was Wednesday, August 21st. Loews’s dividend payout ratio (DPR) is 3.71%.

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.