Caprock Group LLC Has $1.62 Million Holdings in Loews Co. (NYSE:L)

Caprock Group LLC boosted its holdings in Loews Co. (NYSE:L) by 25.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,694 shares of the insurance provider’s stock after purchasing an additional 4,415 shares during the quarter. Caprock Group LLC’s holdings in Loews were worth $1,621,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc grew its holdings in shares of Loews by 244.0% during the 2nd quarter. Versant Capital Management Inc now owns 375 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 266 shares in the last quarter. Principal Securities Inc. acquired a new stake in Loews during the fourth quarter worth about $38,000. Family Firm Inc. bought a new position in Loews in the 2nd quarter valued at about $46,000. Able Wealth Management LLC acquired a new position in shares of Loews in the 4th quarter valued at approximately $48,000. Finally, Innealta Capital LLC bought a new stake in shares of Loews during the 2nd quarter worth approximately $51,000. Institutional investors own 58.33% of the company’s stock.

Loews Trading Up 1.4 %

Shares of Loews stock opened at $80.48 on Tuesday. The firm’s 50 day moving average is $78.43 and its 200 day moving average is $76.76. The firm has a market capitalization of $17.67 billion, a PE ratio of 11.94 and a beta of 0.82. Loews Co. has a 1 year low of $61.43 and a 1 year high of $83.54. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50.

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

Loews Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 21st were issued a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.25 dividend on an annualized basis and a yield of 0.31%. Loews’s payout ratio is presently 3.71%.

Insider Buying and Selling at Loews

In other Loews news, insider Jonathan M. Tisch sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $81.82, for a total transaction of $2,045,500.00. Following the sale, the insider now directly owns 461,395 shares of the company’s stock, valued at approximately $37,751,338.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Jonathan C. Locker acquired 6,200 shares of the business’s stock in a transaction that occurred 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 purchase, the director now directly owns 23,068 shares in the company, valued at $1,859,972.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan M. Tisch sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $81.82, for a total transaction of $2,045,500.00. Following the transaction, the insider now owns 461,395 shares of the company’s stock, valued at approximately $37,751,338.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 91,215 shares of company stock worth $7,399,013. 18.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on L shares. Jefferies Financial Group decreased their price objective on shares of Loews from $115.00 to $112.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Royal Bank of Canada upgraded Loews to a “moderate buy” rating in a research note on Friday, July 26th.

Loews 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.