Loews Co. (NYSE:L) Shares Sold by Xponance Inc.

Xponance Inc. lessened its position in shares of Loews Co. (NYSE:L) by 5.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,208 shares of the insurance provider’s stock after selling 1,508 shares during the period. Xponance Inc.’s holdings in Loews were worth $1,959,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings 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 valued at $1,656,376,000 after purchasing an additional 507,513 shares during the last quarter. Swedbank AB bought a new position in Loews during the 1st quarter worth $23,646,000. Northern Trust Corp increased its position in Loews by 11.9% in the fourth quarter. Northern Trust Corp now owns 2,503,105 shares of the insurance provider’s stock worth $174,191,000 after buying an additional 266,729 shares during the period. TD Asset Management Inc lifted its stake in Loews by 77.9% in the second quarter. TD Asset Management Inc now owns 525,920 shares of the insurance provider’s stock valued at $39,307,000 after buying an additional 230,231 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Loews by 106.3% during the second quarter. Bank of Montreal Can now owns 353,160 shares of the insurance provider’s stock valued at $27,338,000 after acquiring an additional 182,009 shares during the period. 58.33% of the stock is currently owned by institutional investors.

Loews Price Performance

Shares of L opened at $78.73 on Friday. Loews Co. has a one year low of $61.43 and a one year high of $83.54. The stock’s fifty day moving average is $79.08 and its 200-day moving average is $77.07. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a market capitalization of $17.43 billion, a price-to-earnings ratio of 11.68 and a beta of 0.82.

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

Loews Dividend Announcement

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

Insider Buying and Selling at Loews

In other news, VP Mark S. Schwartz sold 2,628 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $80.88, for a total value of $212,552.64. Following the sale, the vice president now owns 14,933 shares of the company’s stock, valued at approximately $1,207,781.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Loews news, insider Jonathan M. Tisch sold 62,500 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $80.84, for a total value of $5,052,500.00. Following the transaction, the insider now owns 6,781,634 shares of the company’s stock, valued at $548,227,292.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Mark S. Schwartz sold 2,628 shares of Loews stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $80.88, for a total value of $212,552.64. Following the completion of the transaction, the vice president now owns 14,933 shares in the company, valued at $1,207,781.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,215 shares of company stock valued at $7,399,013. 18.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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 report on Friday, July 26th. Jefferies Financial Group dropped their price target 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.

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.