Headlands Technologies LLC Has $77,000 Stake in Loews Co. (NYSE:L)

Headlands Technologies LLC reduced its stake in shares of Loews Co. (NYSE:L) by 48.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,027 shares of the insurance provider’s stock after selling 981 shares during the quarter. Headlands Technologies LLC’s holdings in Loews were worth $77,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in L. Versant Capital Management Inc increased its holdings in Loews by 244.0% during the 2nd 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. Principal Securities Inc. bought a new position in shares of Loews in the fourth quarter valued at about $38,000. Family Firm Inc. acquired a new position in Loews during the 2nd quarter worth about $46,000. Able Wealth Management LLC bought a new stake in Loews during the 4th quarter worth about $48,000. Finally, Innealta Capital LLC acquired a new stake in Loews in the 2nd quarter valued at about $51,000. 58.33% of the stock is owned by institutional investors.

Loews Stock Up 0.6 %

NYSE:L opened at $78.84 on Tuesday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. Loews Co. has a 12-month low of $61.43 and a 12-month high of $83.54. The stock’s fifty day simple moving average is $78.84 and its 200-day simple moving average is $76.89. The firm has a market capitalization of $17.46 billion, a P/E ratio of 11.70 and a beta of 0.82.

Loews (NYSE:L) last issued its earnings results on Monday, July 29th. The insurance provider reported $1.67 earnings per share (EPS) for the quarter. The firm 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 21st were paid a $0.0625 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.25 dividend on an annualized basis and a yield of 0.32%. Loews’s payout ratio is 3.71%.

Analyst Ratings Changes

Several research firms have recently 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 Loews from $115.00 to $112.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st.

Insiders Place Their Bets

In other Loews news, Director Ann E. Berman sold 1,087 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $81.38, for a total transaction of $88,460.06. Following the sale, the director now directly owns 4,998 shares in the company, valued at approximately $406,737.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, 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 transaction 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. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jonathan C. Locker bought 6,200 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was purchased at an average price of $80.63 per share, for a total transaction of $499,906.00. Following the purchase, the director now directly owns 23,068 shares in the company, valued at approximately $1,859,972.84. The disclosure for this purchase can be found here. Insiders sold 91,215 shares of company stock worth $7,399,013 over the last ninety days. 18.70% of the stock is currently owned by corporate insiders.

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.