Loews Co. (NYSE:L) Shares Acquired by Hartford Investment Management Co.

Hartford Investment Management Co. increased its position in Loews Co. (NYSE:L) by 5.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,305 shares of the insurance provider’s stock after acquiring an additional 640 shares during the period. Hartford Investment Management Co.’s holdings in Loews were worth $973,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Wellington Management Group LLP increased its holdings in shares of Loews by 0.7% in the 4th quarter. Wellington Management Group LLP now owns 20,526 shares of the insurance provider’s stock worth $1,428,000 after acquiring an additional 145 shares during the period. Optas LLC increased its stake in Loews by 1.9% during the 2nd quarter. Optas LLC now owns 8,086 shares of the insurance provider’s stock valued at $604,000 after buying an additional 151 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its stake in Loews by 3.4% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,003 shares of the insurance provider’s stock valued at $392,000 after buying an additional 164 shares during the period. Atomi Financial Group Inc. increased its stake in Loews by 4.3% during the 3rd quarter. Atomi Financial Group Inc. now owns 4,111 shares of the insurance provider’s stock valued at $325,000 after buying an additional 169 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in Loews by 6.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,195 shares of the insurance provider’s stock valued at $239,000 after buying an additional 186 shares during the period. Institutional investors and hedge funds own 58.33% of the company’s stock.

Loews Stock Performance

NYSE:L opened at $79.57 on Friday. Loews Co. has a twelve month low of $62.18 and a twelve month high of $83.54. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average of $79.65 and a 200-day moving average of $77.43. The firm has a market cap of $17.47 billion, a price-to-earnings ratio of 11.65 and a beta of 0.81.

Loews (NYSE:L) last posted its quarterly earnings data on Monday, July 29th. The insurance provider reported $1.67 earnings per share 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 during the quarter.

Loews Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 21st were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.25 annualized dividend and a dividend yield of 0.31%. Loews’s dividend payout ratio (DPR) is 3.66%.

Analyst Ratings Changes

Several research firms have commented on L. Royal Bank of Canada raised shares of Loews to a “moderate buy” rating in a research note on Friday, July 26th. Jefferies Financial Group lowered their target price 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.

Insider Activity

In other Loews news, VP Mark S. Schwartz sold 2,628 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were 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 directly owns 14,933 shares in the company, valued at $1,207,781.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other Loews news, Director Ann E. Berman sold 1,087 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $81.38, for a total value of $88,460.06. Following the completion of the transaction, the director now directly owns 4,998 shares in the company, valued at $406,737.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Mark S. Schwartz sold 2,628 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $80.88, for a total transaction of $212,552.64. Following the completion of the transaction, the vice president now owns 14,933 shares of the company’s stock, valued at approximately $1,207,781.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 91,215 shares of company stock worth $7,399,013. Corporate insiders own 18.70% of the company’s stock.

Loews 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.