Dimensional Fund Advisors LP Buys 161,810 Shares of Loews Co. (NYSE:L)

Dimensional Fund Advisors LP lifted its holdings in Loews Co. (NYSE:L) by 6.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,673,906 shares of the insurance provider’s stock after acquiring an additional 161,810 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.21% of Loews worth $199,858,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wellington Management Group LLP boosted 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 in the last quarter. Optas LLC lifted its holdings in Loews by 1.9% during the 2nd quarter. Optas LLC now owns 8,086 shares of the insurance provider’s stock worth $604,000 after buying an additional 151 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings 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 worth $392,000 after buying an additional 164 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Loews by 6.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,195 shares of the insurance provider’s stock worth $239,000 after buying an additional 186 shares in the last quarter. Finally, Empirical Finance LLC lifted its holdings in Loews by 3.2% during the 1st quarter. Empirical Finance LLC now owns 7,222 shares of the insurance provider’s stock worth $565,000 after buying an additional 222 shares in the last quarter. 58.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

L has been the topic of several research reports. Royal Bank of Canada raised Loews to a “moderate buy” rating in a report on Friday, July 26th. Jefferies Financial Group reduced their price objective on Loews from $115.00 to $112.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st.

Loews Stock Performance

Shares of Loews stock opened at $79.25 on Friday. The firm has a fifty day moving average of $79.06 and a two-hundred day moving average of $76.95. The stock has a market capitalization of $17.55 billion, a price-to-earnings ratio of 11.76 and a beta of 0.82. Loews Co. has a 52 week low of $61.43 and a 52 week high of $83.54. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.34.

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

Loews Announces Dividend

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 of this dividend was Wednesday, August 21st. Loews’s dividend payout ratio is currently 3.71%.

Insider Activity at Loews

In related news, insider Jonathan M. Tisch sold 62,500 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $80.84, for a total value of $5,052,500.00. Following the completion of the sale, the insider now owns 6,781,634 shares in the company, valued at approximately $548,227,292.56. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Loews news, insider Jonathan M. Tisch sold 25,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was 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 owns 461,395 shares in the company, valued at approximately $37,751,338.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jonathan M. Tisch sold 62,500 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $80.84, for a total value of $5,052,500.00. Following the transaction, the insider now owns 6,781,634 shares of the company’s stock, valued at approximately $548,227,292.56. The disclosure for this sale can be found here. Insiders sold a total of 91,215 shares of company stock worth $7,399,013 in the last quarter. Corporate insiders own 18.70% of the company’s stock.

Loews Company 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.