2 weeks Ago By Defense World Staff
DoubleLine ETF Adviser LP lowered its holdings in Loews Co. ( NYSE:L – Free Report ) by 4.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC.
The institutional investor owned 3,357 shares of the insurance provider’s stock after selling 140 shares during the quarter. DoubleLine ETF Adviser LP’s holdings in Loews were worth $251,000 as of its most recent filing with the SEC. Several other large investors also recently made changes to their positions in the business.
Versant Capital Management Inc increased its holdings in shares of Loews by 244.0% in the second quarter. Versant Capital Management Inc now owns 375 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 266 shares in the last quarter.
Family Firm Inc. bought a new position in Loews in the 2nd quarter valued at $46,000. Able Wealth Management LLC acquired a new stake in shares of Loews in the 4th quarter valued at $48,000.
Innealta Capital LLC bought a new stake in shares of Loews during the second quarter worth $51,000. Finally, Blue Trust Inc. lifted its stake in shares of Loews by 80.
9% during the second quarter. Blue Trust Inc. now owns 693 shares of the insurance provider’s stock valued at $54,000 after acquiring an additional 310 shares during the period.
Institutional investors own 58.33% of the company’s stock. Loews Price Performance Shares of L opened at $78.
73 on Friday. The stock has a market cap of $17.43 billion, a P/E ratio of 11.
68 and a beta of 0.82. Loews Co.
has a 1 year low of $61.43 and a 1 year high of $83.54.
The stock’s 50-day moving average price is $79.08 and its two-hundred day moving average price is $77.07.
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 Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 21st were given a $0.
0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.
32%. The ex-dividend date was Wednesday, August 21st. Loews’s dividend payout ratio is currently 3.
71%. Wall Street Analysts Forecast Growth L has been the topic of a number of research reports. Royal Bank of Canada upgraded shares of Loews to a “moderate buy” rating in a research 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 on the stock in a research note on Wednesday, July 31st.
Check Out Our Latest Research Report on Loews Insider Buying and Selling In other news, Director Ann E. Berman sold 1,087 shares of Loews 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 transaction, the director now owns 4,998 shares in the company, valued at approximately $406,737.
24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . In related news, Director Jonathan C.
Locker bought 6,200 shares of Loews stock in a transaction that occurred on Tuesday, July 30th. The stock was purchased at an average cost of $80.63 per share, with a total value of $499,906.
00. Following the purchase, the director now owns 23,068 shares in the company, valued at $1,859,972.84.
The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website . Also, Director Ann E. Berman sold 1,087 shares of the stock in a transaction dated 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 owns 4,998 shares of the company’s stock, valued at approximately $406,737.24. The disclosure for this sale can be found here .
In the last quarter, insiders have sold 91,215 shares of company stock valued at $7,399,013. 18.70% of the stock is owned by company insiders.
Loews Profile ( 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 Five stocks we like better than Loews What is the Nikkei 225 index? Rocket Lab Stock Soars: Should Investors Chase the Rally? How Investors Can Identify and Successfully Trade Gap-Down Stocks KB Home Slips After Earnings: What’s Next for Homebuilders? How to Effectively Use the MarketBeat Ratings Screener Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat Receive News & Ratings for Loews Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Loews and related companies with MarketBeat.
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