Loews Co. (NYSE:L) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC increased its holdings in shares of Loews Co. (NYSE:L) by 8,975.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,248 shares of the insurance provider’s stock after purchasing an additional 68,485 shares during the quarter. International Assets Investment Management LLC’s holdings in Loews were worth $5,474,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position 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 purchasing an additional 507,513 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Loews by 2.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,183,138 shares of the insurance provider’s stock worth $251,627,000 after buying an additional 69,459 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Loews by 6.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,673,906 shares of the insurance provider’s stock worth $199,858,000 after buying an additional 161,810 shares during the last quarter. AQR Capital Management LLC increased 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 acquiring an additional 45,237 shares during the period. Finally, Hsbc Holdings PLC raised its stake in Loews by 5.0% during the 2nd quarter. Hsbc Holdings PLC now owns 692,116 shares of the insurance provider’s stock valued at $51,750,000 after acquiring an additional 33,125 shares during the last quarter. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on L shares. Royal Bank of Canada raised shares of Loews to a “moderate buy” rating in a report on Friday, July 26th. Jefferies Financial Group reduced their price objective on shares of Loews from $115.00 to $112.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st.

Insider Buying and Selling at Loews

In other Loews news, Director Ann E. Berman sold 1,087 shares of the company’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 value of $88,460.06. Following the transaction, the director now directly owns 4,998 shares of the company’s stock, valued at $406,737.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Jonathan M. Tisch sold 25,000 shares of the company’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 value of $2,045,500.00. Following the completion of the sale, the insider now directly owns 461,395 shares of the company’s stock, valued at approximately $37,751,338.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $88,460.06. Following the completion of the sale, the director now owns 4,998 shares in the company, valued at approximately $406,737.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 88,587 shares of company stock valued at $7,186,460 over the last 90 days. 18.70% of the stock is owned by corporate insiders.

Loews Price Performance

L stock opened at $79.27 on Friday. The stock’s fifty day simple moving average is $79.70 and its 200-day simple moving average is $77.65. Loews Co. has a 52-week low of $64.48 and a 52-week high of $83.54. The stock has a market capitalization of $17.40 billion, a price-to-earnings ratio of 11.61 and a beta of 0.81. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50.

Loews Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 21st were issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date was Wednesday, August 21st. Loews’s dividend payout ratio is presently 3.66%.

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.