Sequoia Financial Advisors LLC Raises Holdings in Loews Co. (NYSE:L)

Sequoia Financial Advisors LLC boosted its holdings in shares of Loews Co. (NYSE:L) by 8.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,463 shares of the insurance provider’s stock after buying an additional 268 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Loews were worth $274,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of L. Versant Capital Management Inc grew its holdings in Loews by 244.0% in the second quarter. Versant Capital Management Inc now owns 375 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 266 shares during the last quarter. Kimelman & Baird LLC purchased a new position in Loews in the second quarter worth $45,000. Family Firm Inc. purchased a new position in Loews in the second quarter worth $46,000. Innealta Capital LLC purchased a new position in Loews in the second quarter worth $51,000. Finally, Blue Trust Inc. grew its holdings in Loews by 80.9% in the second quarter. Blue Trust Inc. now owns 693 shares of the insurance provider’s stock worth $54,000 after purchasing an additional 310 shares during the last quarter. 58.33% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Loews

In related news, insider Jonathan M. Tisch sold 62,500 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $80.84, for a total transaction of $5,052,500.00. Following the completion of the sale, the insider now owns 6,781,634 shares of the company’s stock, valued at approximately $548,227,292.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Jonathan M. Tisch sold 62,500 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $80.84, for a total transaction of $5,052,500.00. Following the completion of the sale, the insider now owns 6,781,634 shares of the company’s stock, valued at approximately $548,227,292.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan M. Tisch sold 25,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $81.82, for a total transaction of $2,045,500.00. Following the sale, the insider now directly owns 461,395 shares of the company’s stock, valued at approximately $37,751,338.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 88,587 shares of company stock valued at $7,186,460 over the last 90 days. Corporate insiders own 18.70% of the company’s stock.

Loews Trading Up 1.3 %

Shares of Loews stock opened at $80.62 on Tuesday. The firm has a 50-day simple moving average of $79.69 and a two-hundred day simple moving average of $77.54. The company has a market cap of $17.85 billion, a P/E ratio of 11.96 and a beta of 0.81. Loews Co. has a fifty-two week low of $62.18 and a fifty-two week high of $83.54. 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 earnings results on Monday, July 29th. The insurance provider reported $1.67 EPS for the quarter. The business had revenue of $4.27 billion during the quarter. Loews had a net margin of 9.14% and a return on equity of 9.26%.

Loews Dividend Announcement

The business 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 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 is currently 3.71%.

Analysts Set New Price Targets

L has been the subject of several research reports. Royal Bank of Canada upgraded shares of Loews to a “moderate buy” rating in a research note on Friday, July 26th. Jefferies Financial Group lowered their price objective on shares of Loews from $115.00 to $112.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st.

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.