Loews Co. (NYSE:L) Shares Acquired by Swedbank AB

Swedbank AB increased its stake in shares of Loews Co. (NYSE:LFree Report) by 8.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 379,647 shares of the insurance provider’s stock after buying an additional 30,600 shares during the quarter. Swedbank AB’s holdings in Loews were worth $30,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Nisa Investment Advisors LLC raised its position in Loews by 8.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 122,208 shares of the insurance provider’s stock worth $9,134,000 after buying an additional 9,296 shares during the last quarter. iA Global Asset Management Inc. raised its holdings in shares of Loews by 171.4% during the first quarter. iA Global Asset Management Inc. now owns 21,768 shares of the insurance provider’s stock worth $1,704,000 after purchasing an additional 13,747 shares during the last quarter. Intech Investment Management LLC lifted its position in Loews by 8.0% during the third quarter. Intech Investment Management LLC now owns 137,566 shares of the insurance provider’s stock valued at $10,875,000 after purchasing an additional 10,213 shares during the period. Whittier Trust Co. acquired a new stake in Loews during the 2nd quarter worth about $239,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Loews by 11.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 142,125 shares of the insurance provider’s stock valued at $10,622,000 after buying an additional 14,660 shares during the last quarter. 58.33% of the stock is owned by hedge funds and other institutional investors.

Loews Stock Down 0.3 %

L opened at $85.82 on Tuesday. The company has a fifty day moving average of $80.58 and a two-hundred day moving average of $78.46. The stock has a market capitalization of $18.69 billion, a price-to-earnings ratio of 11.40 and a beta of 0.82. Loews Co. has a fifty-two week low of $67.20 and a fifty-two week high of $86.90. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.34 and a current ratio of 0.34.

Loews Announces Dividend

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

Insider Buying and Selling

In other 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 sale, the director now 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan M. Tisch sold 25,000 shares of the firm’s stock in a transaction dated 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 directly owns 461,395 shares in the company, valued at $37,751,338.90. This represents a 5.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 213,587 shares of company stock valued at $17,586,460. 18.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

L has been the topic of a number of recent research reports. 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 note on Wednesday, July 31st. StockNews.com lowered Loews from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th.

Get Our Latest Report on Loews

About Loews

(Free Report)

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.

See Also

Want to see what other hedge funds are holding L? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Loews Co. (NYSE:LFree Report).

Institutional Ownership by Quarter for Loews (NYSE:L)

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