Achmea Investment Management B.V. Acquires New Holdings in Loews Co. (NYSE:L)

Achmea Investment Management B.V. bought a new position in shares of Loews Co. (NYSE:L) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 4,856 shares of the insurance provider’s stock, valued at approximately $363,000.

Other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc grew its holdings in shares of Loews by 244.0% during the second quarter. Versant Capital Management Inc now owns 375 shares of the insurance provider’s stock worth $28,000 after buying an additional 266 shares in the last quarter. Principal Securities Inc. acquired a new position in Loews during the fourth quarter valued at approximately $38,000. Family Firm Inc. bought a new position in Loews in the second quarter valued at approximately $46,000. Able Wealth Management LLC acquired a new position in shares of Loews during the 4th quarter worth approximately $48,000. Finally, Innealta Capital LLC bought a new stake in shares of Loews during the 2nd quarter worth approximately $51,000. Institutional investors own 58.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on L shares. Jefferies Financial Group lowered their target price 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 report on Friday, July 26th.

Loews Stock Up 0.3 %

L opened at $78.34 on Friday. The stock’s fifty day simple moving average is $78.76 and its 200 day simple moving average is $76.85. Loews Co. has a 1-year low of $61.43 and a 1-year high of $83.54. The stock has a market cap of $17.20 billion, a PE ratio of 11.62 and a beta of 0.82. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50.

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

Loews Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.32%. Loews’s dividend payout ratio (DPR) is currently 3.71%.

Insider Buying and Selling

In other Loews news, VP Mark S. Schwartz sold 2,628 shares of Loews stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $80.88, for a total value of $212,552.64. Following the completion of the sale, the vice president now owns 14,933 shares in the company, valued at approximately $1,207,781.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Loews news, VP Mark S. Schwartz sold 2,628 shares of Loews stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $80.88, for a total value of $212,552.64. Following the completion of the transaction, the vice president now directly owns 14,933 shares of the company’s stock, valued at approximately $1,207,781.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann E. Berman sold 1,087 shares of the company’s 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 owns 4,998 shares of the company’s stock, valued at $406,737.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,215 shares of company stock valued at $7,399,013. Insiders own 18.70% of the company’s stock.

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.