Vanguard Personalized Indexing Management LLC Buys 2,096 Shares of Loews Co. (NYSE:L)

Vanguard Personalized Indexing Management LLC raised its stake in Loews Co. (NYSE:L) by 7.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,874 shares of the insurance provider’s stock after purchasing an additional 2,096 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Loews were worth $2,148,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Loews by 2.5% in the first quarter. Vanguard Group Inc. now owns 21,156,933 shares of the insurance provider’s stock valued at $1,656,376,000 after purchasing an additional 507,513 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Loews by 1.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,259,802 shares of the insurance provider’s stock valued at $255,210,000 after buying an additional 37,953 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings 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 buying an additional 161,810 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Loews by 11.9% during the fourth quarter. Northern Trust Corp now owns 2,503,105 shares of the insurance provider’s stock valued at $174,191,000 after buying an additional 266,729 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Loews by 9.0% during the fourth quarter. Hsbc Holdings PLC now owns 570,748 shares of the insurance provider’s stock valued at $39,698,000 after buying an additional 46,990 shares during the last quarter. 58.33% of the stock is owned by institutional investors.

Loews Stock Down 0.9 %

Loews stock opened at $78.54 on Friday. Loews Co. has a fifty-two week low of $61.43 and a fifty-two week high of $83.54. The stock has a market cap of $17.39 billion, a PE ratio of 11.65 and a beta of 0.82. The firm’s 50-day simple moving average is $79.09 and its 200 day simple moving average is $76.98. 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 released its quarterly earnings results 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 business had revenue of $4.27 billion for the quarter.

Loews Announces Dividend

The business 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. This represents a $0.25 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend was Wednesday, August 21st. Loews’s payout ratio is 3.71%.

Insider Buying and Selling at Loews

In other news, insider Jonathan M. Tisch sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $81.82, for a total value of $2,045,500.00. Following the sale, the insider now owns 461,395 shares of the company’s stock, valued at $37,751,338.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Jonathan M. Tisch sold 25,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $81.82, for a total value of $2,045,500.00. Following the transaction, the insider now owns 461,395 shares of the company’s stock, valued at approximately $37,751,338.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Mark S. Schwartz sold 2,628 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $80.88, for a total transaction of $212,552.64. Following the completion of the sale, the vice president now directly owns 14,933 shares of the company’s stock, valued at approximately $1,207,781.04. The disclosure for this sale can be found here. Insiders have sold a total of 91,215 shares of company stock worth $7,399,013 over the last three months. 18.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on L. Jefferies Financial Group reduced their price objective on shares of Loews from $115.00 to $112.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Royal Bank of Canada upgraded shares of Loews to a “moderate buy” rating in a report on Friday, July 26th.

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.