Susquehanna Fundamental Investments LLC Sells 13,081 Shares of Loews Co. (NYSE:L)

Susquehanna Fundamental Investments LLC decreased its stake in shares of Loews Co. (NYSE:L) by 34.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 24,504 shares of the insurance provider’s stock after selling 13,081 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Loews were worth $1,831,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in L. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Loews by 456.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 19,105 shares of the insurance provider’s stock worth $1,330,000 after purchasing an additional 15,672 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Loews during the 4th quarter valued at about $157,000. TD Asset Management Inc boosted its position in shares of Loews by 95.5% during the 4th quarter. TD Asset Management Inc now owns 283,993 shares of the insurance provider’s stock valued at $19,763,000 after acquiring an additional 138,693 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Loews by 11.0% during the 4th quarter. California State Teachers Retirement System now owns 456,408 shares of the insurance provider’s stock valued at $31,761,000 after acquiring an additional 45,083 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of Loews by 10.9% during the 4th quarter. KBC Group NV now owns 79,262 shares of the insurance provider’s stock valued at $5,516,000 after acquiring an additional 7,797 shares in the last quarter. Institutional investors own 58.33% of the company’s stock.

Analyst Ratings Changes

L has been the topic of several recent research reports. Jefferies Financial Group decreased their target price on shares of Loews from $115.00 to $112.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Royal Bank of Canada upgraded shares of Loews to a “moderate buy” rating in a research report on Friday, July 26th.

Insider Activity at Loews

In other news, Director Jonathan C. Locker bought 6,200 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were bought at an average cost of $80.63 per share, for a total transaction of $499,906.00. Following the completion of the acquisition, the director now owns 23,068 shares in the company, valued at approximately $1,859,972.84. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Jonathan C. Locker bought 6,200 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were bought at an average cost of $80.63 per share, for a total transaction of $499,906.00. Following the completion of the acquisition, the director now owns 23,068 shares in the company, valued at approximately $1,859,972.84. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 sale, the director now owns 4,998 shares in the company, valued at $406,737.24. The disclosure for this sale can be found here. Insiders have sold 91,215 shares of company stock worth $7,399,013 over the last ninety days. Company insiders own 18.70% of the company’s stock.

Loews Price Performance

Shares of L stock opened at $79.05 on Tuesday. Loews Co. has a 1 year low of $61.43 and a 1 year high of $83.54. The firm’s 50 day moving average is $79.10 and its 200-day moving average is $77.13. The firm has a market capitalization of $17.50 billion, a price-to-earnings ratio of 11.73 and a beta of 0.82. 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 announced its 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 company had revenue of $4.27 billion for the quarter.

Loews Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors 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 annualized dividend and a yield of 0.32%. Loews’s dividend payout ratio is currently 3.71%.

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.