Signaturefd LLC Has $302,000 Position in Loews Co. (NYSE:L)

Signaturefd LLC grew its position in Loews Co. (NYSE:L) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,818 shares of the insurance provider’s stock after purchasing an additional 221 shares during the quarter. Signaturefd LLC’s holdings in Loews were worth $302,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of L. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Loews by 5.1% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 174,867 shares of the insurance provider’s stock worth $13,690,000 after acquiring an additional 8,527 shares in the last quarter. Mediolanum International Funds Ltd purchased a new stake in Loews during the 1st quarter valued at about $1,516,000. Bessemer Group Inc. lifted its stake in Loews by 453.9% during the 1st quarter. Bessemer Group Inc. now owns 18,429 shares of the insurance provider’s stock valued at $1,443,000 after acquiring an additional 15,102 shares during the period. Swedbank AB lifted its stake in Loews by 15.6% during the 2nd quarter. Swedbank AB now owns 349,047 shares of the insurance provider’s stock valued at $26,088,000 after acquiring an additional 47,013 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Loews by 25.5% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 218,841 shares of the insurance provider’s stock valued at $17,133,000 after acquiring an additional 44,426 shares during the period. Institutional investors and hedge funds own 58.33% of the company’s stock.

Insider Buying and Selling

In related news, Director Jonathan C. Locker purchased 6,200 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was bought at an average cost of $80.63 per share, with a total value of $499,906.00. Following the completion of the acquisition, the director now directly owns 23,068 shares in the company, valued at $1,859,972.84. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Mark S. Schwartz sold 2,628 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $80.88, for a total transaction of $212,552.64. Following the sale, the vice president now directly owns 14,933 shares of the company’s stock, valued at $1,207,781.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan C. Locker purchased 6,200 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were acquired at an average cost of $80.63 per share, for a total transaction of $499,906.00. Following the completion of the transaction, the director now directly owns 23,068 shares of the company’s stock, valued at $1,859,972.84. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 91,215 shares of company stock valued at $7,399,013. 18.70% of the stock is owned by insiders.

Loews Trading Down 1.9 %

Shares of NYSE:L opened at $79.57 on Friday. 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 market capitalization of $17.47 billion, a PE ratio of 11.65 and a beta of 0.81. The business has a 50 day moving average of $79.67 and a two-hundred day moving average of $77.46. Loews Co. has a 12-month low of $62.18 and a 12-month high of $83.54.

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. The business had revenue of $4.27 billion during 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 declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 21st were issued a $0.0625 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.25 annualized dividend and a dividend yield of 0.31%. Loews’s dividend payout ratio is currently 3.66%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada raised shares of Loews to a “moderate buy” rating in a report on Friday, July 26th. Jefferies Financial Group cut their target price 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.

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.