Loews Corporation $L Shares Sold by LSV Asset Management

LSV Asset Management decreased its position in Loews Corporation (NYSE:L) by 25.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,800 shares of the insurance provider’s stock after selling 34,300 shares during the period. LSV Asset Management’s holdings in Loews were worth $10,320,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in L. SJS Investment Consulting Inc. lifted its position in Loews by 880.8% in the third quarter. SJS Investment Consulting Inc. now owns 255 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 229 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in Loews during the 2nd quarter worth approximately $27,000. NewSquare Capital LLC raised its stake in shares of Loews by 404.1% during the 2nd quarter. NewSquare Capital LLC now owns 368 shares of the insurance provider’s stock worth $34,000 after buying an additional 295 shares in the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Loews by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 370 shares of the insurance provider’s stock valued at $37,000 after buying an additional 185 shares during the period. Finally, Hantz Financial Services Inc. boosted its stake in shares of Loews by 14,900.0% in the second quarter. Hantz Financial Services Inc. now owns 450 shares of the insurance provider’s stock valued at $41,000 after buying an additional 447 shares in the last quarter. 58.33% of the stock is owned by hedge funds and other institutional investors.

Loews Stock Performance

NYSE L opened at $108.70 on Friday. The business has a 50 day moving average price of $105.47 and a 200 day moving average price of $101.53. The company has a market capitalization of $22.40 billion, a P/E ratio of 13.62 and a beta of 0.61. Loews Corporation has a 1-year low of $78.98 and a 1-year high of $114.90. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.36 and a quick ratio of 0.35.

Loews (NYSE:L) last posted its earnings results on Monday, February 9th. The insurance provider reported $1.94 EPS for the quarter. The company had revenue of $4.73 billion for the quarter. Loews had a return on equity of 8.86% and a net margin of 9.03%.

Loews Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th will be paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, February 25th. Loews’s dividend payout ratio is presently 3.13%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (a-)” rating on shares of Loews in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Loews presently has an average rating of “Strong Buy”.

Insider Transactions at Loews

In other news, Director Andrew H. Tisch sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $105.07, for a total transaction of $5,253,500.00. Following the completion of the transaction, the director directly owned 12,909,642 shares of the company’s stock, valued at $1,356,416,084.94. This trade represents a 0.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Marc A. Alpert sold 3,495 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $109.87, for a total value of $383,995.65. Following the completion of the sale, the vice president directly owned 16,325 shares in the company, valued at approximately $1,793,627.75. The trade was a 17.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 131,187 shares of company stock worth $13,921,541 in the last 90 days. Insiders own 19.00% of the company’s stock.

Loews Company Profile

Loews Corporation (NYSE: L) is a diversified holding company that owns and operates businesses across insurance, hospitality, energy-related operations and other industrial and investment activities. The company holds controlling and significant minority interests in subsidiaries that run as standalone businesses, with corporate oversight focused on capital allocation, risk management and long-term value creation for shareholders.

One of Loews’ principal businesses is insurance, conducted through CNA Financial, a commercial property and casualty insurer that underwrites a range of business insurance products for corporate and institutional clients.