Nisa Investment Advisors LLC Sells 7,106 Shares of Loews Co. (NYSE:L)

Nisa Investment Advisors LLC reduced its stake in shares of Loews Co. (NYSE:L) by 5.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 115,102 shares of the insurance provider’s stock after selling 7,106 shares during the period. Nisa Investment Advisors LLC’s holdings in Loews were worth $9,099,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Loews by 2.5% during the first quarter. Vanguard Group Inc. now owns 21,156,933 shares of the insurance provider’s stock worth $1,656,376,000 after buying an additional 507,513 shares during the period. Swedbank AB acquired a new position in Loews during the 1st quarter worth approximately $23,646,000. TD Asset Management Inc grew its stake in shares of Loews by 77.9% during the 2nd quarter. TD Asset Management Inc now owns 525,920 shares of the insurance provider’s stock worth $39,307,000 after acquiring an additional 230,231 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Loews by 106.3% in the second quarter. Bank of Montreal Can now owns 353,160 shares of the insurance provider’s stock valued at $27,338,000 after purchasing an additional 182,009 shares during the last quarter. Finally, Lee Danner & Bass Inc. bought a new stake in shares of Loews in the second quarter worth $13,379,000. Institutional investors own 58.33% of the company’s stock.

Insider Activity at Loews

In other Loews news, Director Ann E. Berman sold 1,087 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $81.38, for a total transaction of $88,460.06. Following the transaction, the director now owns 4,998 shares of the company’s stock, valued at $406,737.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Loews news, Director Ann E. Berman sold 1,087 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $81.38, for a total transaction of $88,460.06. Following the completion of the sale, the director now owns 4,998 shares of the company’s stock, valued at $406,737.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jonathan M. Tisch sold 25,000 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now owns 461,395 shares in the company, valued at approximately $37,751,338.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 88,587 shares of company stock worth $7,186,460. Insiders own 18.70% of the company’s stock.

Loews Trading Up 0.7 %

Shares of Loews stock opened at $80.35 on Thursday. Loews Co. has a 12-month low of $63.23 and a 12-month high of $83.54. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $79.73 and its 200-day moving average is $77.60. The stock has a market cap of $17.79 billion, a P/E ratio of 11.92 and a beta of 0.81.

Loews (NYSE:L) last posted its quarterly earnings results on Monday, July 29th. The insurance provider reported $1.67 earnings per share (EPS) 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. Stockholders of record on Wednesday, August 21st were issued a $0.0625 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.31%. Loews’s payout ratio is 3.71%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on L. Royal Bank of Canada raised shares of Loews to a “moderate buy” rating in a research report on Friday, July 26th. Jefferies Financial Group lowered their target price on Loews from $115.00 to $112.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st.

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.