Skandinaviska Enskilda Banken AB publ Has $11.75 Million Stock Holdings in Loews Co. (NYSE:L)

Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Loews Co. (NYSE:L) by 5.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 157,182 shares of the insurance provider’s stock after acquiring an additional 8,589 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned 0.07% of Loews worth $11,748,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in L. Wellington Management Group LLP lifted its stake in shares of Loews by 0.7% in the fourth 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 during the period. Optas LLC lifted its position in shares of Loews by 1.9% in the 2nd quarter. Optas LLC now owns 8,086 shares of the insurance provider’s stock worth $604,000 after purchasing an additional 151 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Loews by 3.4% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,003 shares of the insurance provider’s stock valued at $392,000 after purchasing an additional 164 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Loews by 6.2% during the second 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 during the period. Finally, Empirical Finance LLC raised its stake in Loews by 3.2% during the first quarter. Empirical Finance LLC now owns 7,222 shares of the insurance provider’s stock worth $565,000 after buying an additional 222 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Loews news, Director Ann E. Berman sold 1,087 shares of Loews stock in a transaction 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 transaction, the director now directly owns 4,998 shares of the company’s stock, valued at approximately $406,737.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Loews news, Director Ann E. Berman sold 1,087 shares of Loews 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 transaction, the director now owns 4,998 shares of the company’s stock, valued at approximately $406,737.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $212,552.64. Following the completion of the transaction, the vice president now directly owns 14,933 shares in the company, valued at approximately $1,207,781.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 91,215 shares of company stock worth $7,399,013. 18.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on L. Jefferies Financial Group cut their price target on shares of Loews from $115.00 to $112.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Royal Bank of Canada upgraded Loews to a “moderate buy” rating in a research report on Friday, July 26th.

Loews Trading Down 0.9 %

L opened at $78.54 on Friday. The company has a fifty day moving average price of $79.09 and a two-hundred day moving average price of $77.00. Loews Co. has a 1-year low of $61.43 and a 1-year high of $83.54. The company has a market cap of $17.39 billion, a P/E ratio of 11.65 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 issued its earnings results on Monday, July 29th. The insurance provider reported $1.67 EPS for the quarter. Loews had a return on equity of 9.26% and a net margin of 9.14%. The business had revenue of $4.27 billion during the quarter.

Loews Dividend Announcement

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

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.