Private Advisor Group LLC Has $400,000 Stock Holdings in Loews Co. (NYSE:L)

Private Advisor Group LLC trimmed its position in shares of Loews Co. (NYSE:L) by 2.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,066 shares of the insurance provider’s stock after selling 146 shares during the quarter. Private Advisor Group LLC’s holdings in Loews were worth $400,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in L. Optas LLC lifted its stake in Loews by 1.9% in the second quarter. Optas LLC now owns 8,086 shares of the insurance provider’s stock valued at $604,000 after buying an additional 151 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its stake in Loews by 3.4% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,003 shares of the insurance provider’s stock valued at $392,000 after buying an additional 164 shares during the period. Atomi Financial Group Inc. lifted its stake in Loews by 4.3% in the third quarter. Atomi Financial Group Inc. now owns 4,111 shares of the insurance provider’s stock valued at $325,000 after buying an additional 169 shares during the period. Sequoia Financial Advisors LLC lifted its stake in Loews by 6.2% in the second quarter. Sequoia Financial Advisors LLC now owns 3,195 shares of the insurance provider’s stock valued at $239,000 after buying an additional 186 shares during the period. Finally, Signaturefd LLC lifted its stake in Loews by 6.1% in the third quarter. Signaturefd LLC now owns 3,818 shares of the insurance provider’s stock valued at $302,000 after buying an additional 221 shares during the period. 58.33% of the stock is owned by institutional investors and hedge funds.

Loews Trading Up 2.5 %

NYSE L opened at $78.39 on Wednesday. The company has a market cap of $17.21 billion, a price-to-earnings ratio of 11.48 and a beta of 0.82. Loews Co. has a 52 week low of $64.84 and a 52 week high of $83.54. The business has a 50 day moving average price of $79.58 and a 200-day moving average price of $77.75. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50.

Insider Buying and Selling

In related news, Director Ann E. Berman sold 1,087 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $81.38, for a total transaction of $88,460.06. Following the completion of the sale, the director now 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Loews news, insider Jonathan M. Tisch sold 25,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $81.82, for a total value of $2,045,500.00. Following the transaction, the insider now owns 461,395 shares of the company’s stock, valued at approximately $37,751,338.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann E. Berman sold 1,087 shares of the business’s stock in a transaction 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 transaction, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 88,587 shares of company stock worth $7,186,460. 18.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Jefferies Financial Group dropped their price target on Loews from $115.00 to $112.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Royal Bank of Canada upgraded Loews to a “moderate buy” rating in a report on Friday, July 26th.

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.