Nisa Investment Advisors LLC Sells 7,106 Shares of Loews Co. (NYSE:L)

Nisa Investment Advisors LLC reduced its holdings in Loews Co. (NYSE:L) by 5.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 115,102 shares of the insurance provider’s stock after selling 7,106 shares during the period. Nisa Investment Advisors LLC owned approximately 0.05% of Loews worth $9,099,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of L. Vanguard Group Inc. grew its position in Loews by 2.5% during the first quarter. Vanguard Group Inc. now owns 21,156,933 shares of the insurance provider’s stock worth $1,656,376,000 after buying an additional 507,513 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Loews by 2.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,183,138 shares of the insurance provider’s stock worth $251,627,000 after acquiring an additional 69,459 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Loews by 6.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,673,906 shares of the insurance provider’s stock valued at $199,858,000 after purchasing an additional 161,810 shares during the period. AQR Capital Management LLC raised its stake in shares of Loews by 5.8% in the second quarter. AQR Capital Management LLC now owns 820,800 shares of the insurance provider’s stock valued at $61,347,000 after purchasing an additional 45,237 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in Loews by 5.0% in the second quarter. Hsbc Holdings PLC now owns 692,116 shares of the insurance provider’s stock worth $51,750,000 after purchasing an additional 33,125 shares during the period. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Loews Price Performance

Shares of L stock opened at $80.35 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34. The stock’s fifty day simple moving average is $79.73 and its 200 day simple moving average is $77.60. Loews Co. has a one year low of $63.23 and a one year high of $83.54. The firm has a market cap of $17.79 billion, a price-to-earnings ratio of 11.92 and a beta of 0.81.

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

Loews Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.31%. 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 several analyst reports. Jefferies Financial Group lowered their price target on shares of Loews from $115.00 to $112.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Royal Bank of Canada raised shares of Loews to a “moderate buy” rating in a research note on Friday, July 26th.

Insider Activity

In other news, insider Jonathan M. Tisch sold 25,000 shares of Loews stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $81.82, for a total transaction of $2,045,500.00. Following the completion of the sale, the insider now owns 461,395 shares in the company, valued at $37,751,338.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Loews news, Director Ann E. Berman sold 1,087 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $81.38, for a total value of $88,460.06. Following the sale, the director now directly owns 4,998 shares in the company, valued at approximately $406,737.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jonathan M. Tisch sold 25,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $81.82, for a total transaction of $2,045,500.00. Following the completion of the transaction, the insider now directly owns 461,395 shares of the company’s stock, valued at $37,751,338.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 88,587 shares of company stock valued at $7,186,460 over the last three months. 18.70% of the stock is owned by insiders.

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.