Cwm LLC Purchases 363 Shares of Loews Co. (NYSE:L)

Cwm LLC increased its position in Loews Co. (NYSE:L) by 9.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,022 shares of the insurance provider’s stock after buying an additional 363 shares during the quarter. Cwm LLC’s holdings in Loews were worth $318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Transactions at Loews

In other news, Director Jonathan C. Locker acquired 6,200 shares of the stock in a transaction on Tuesday, July 30th. The stock was acquired at an average price of $80.63 per share, with a total value of $499,906.00. Following the completion of the transaction, the director now owns 23,068 shares of the company’s stock, valued at $1,859,972.84. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Loews news, Director Jonathan C. Locker bought 6,200 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was acquired at an average price of $80.63 per share, with a total value of $499,906.00. Following the completion of the purchase, the director now owns 23,068 shares of the company’s stock, valued at approximately $1,859,972.84. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ann E. Berman sold 1,087 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $81.38, for a total value of $88,460.06. Following the completion of the sale, the director now directly owns 4,998 shares in the company, valued at approximately $406,737.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 91,215 shares of company stock valued at $7,399,013. Corporate insiders own 18.70% of the company’s stock.

Loews Price Performance

Shares of Loews stock opened at $81.06 on Tuesday. The company has a market cap of $17.95 billion, a PE ratio of 12.03 and a beta of 0.81. The business has a 50 day moving average of $79.46 and a 200 day moving average of $77.35. Loews Co. has a 52 week low of $62.18 and a 52 week high of $83.54. The company has a quick ratio of 0.34, a current 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 EPS for the quarter. Loews had a net margin of 9.14% and a return on equity of 9.26%. The firm 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. Shareholders of record on Wednesday, August 21st were issued 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 0.31%. Loews’s dividend payout ratio (DPR) is 3.71%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports 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 report on Wednesday, July 31st. Royal Bank of Canada upgraded 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.