US Bancorp DE Has $757,000 Stake in Loews Co. (NYSE:L)

US Bancorp DE decreased its stake in shares of Loews Co. (NYSE:LGet Rating) by 5.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,204 shares of the insurance provider’s stock after selling 847 shares during the quarter. US Bancorp DE’s holdings in Loews were worth $757,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. grew its position in Loews by 15.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 148,244 shares of the insurance provider’s stock valued at $8,785,000 after purchasing an additional 19,525 shares during the period. Wellington Shields & Co. LLC acquired a new stake in Loews in the 2nd quarter valued at $95,000. Interchange Capital Partners LLC lifted its stake in Loews by 17.5% during the 2nd quarter. Interchange Capital Partners LLC now owns 5,123 shares of the insurance provider’s stock valued at $303,000 after acquiring an additional 764 shares in the last quarter. National Bank of Canada FI lifted its stake in Loews by 52.1% during the 3rd quarter. National Bank of Canada FI now owns 30,612 shares of the insurance provider’s stock valued at $1,563,000 after acquiring an additional 10,488 shares in the last quarter. Finally, IFM Investors Pty Ltd lifted its stake in Loews by 4.6% during the 2nd quarter. IFM Investors Pty Ltd now owns 35,352 shares of the insurance provider’s stock valued at $2,095,000 after acquiring an additional 1,546 shares in the last quarter. Institutional investors and hedge funds own 64.00% of the company’s stock.

Insider Activity at Loews

In related news, Director Philip A. Laskawy sold 698 shares of the business’s stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $58.07, for a total value of $40,532.86. Following the sale, the director now directly owns 7,365 shares in the company, valued at approximately $427,685.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Loews news, Director Philip A. Laskawy sold 698 shares of Loews stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $58.07, for a total transaction of $40,532.86. Following the completion of the transaction, the director now owns 7,365 shares of the company’s stock, valued at approximately $427,685.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jonathan M. Tisch sold 14,467 shares of Loews stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $58.40, for a total value of $844,872.80. The disclosure for this sale can be found here. 17.50% of the stock is currently owned by company insiders.

Loews Trading Up 1.5 %

NYSE L opened at $58.96 on Friday. The stock has a market capitalization of $14.00 billion, a price-to-earnings ratio of 14.74 and a beta of 0.83. Loews Co. has a one year low of $49.36 and a one year high of $68.20. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.34 and a quick ratio of 0.34. The business’s fifty day moving average is $57.62 and its 200-day moving average is $56.26.

Loews (NYSE:LGet Rating) last released its earnings results on Monday, October 31st. The insurance provider reported $0.86 EPS for the quarter. Loews had a return on equity of 6.53% and a net margin of 7.12%. The company had revenue of $3.46 billion for the quarter.

Loews Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 6th. Investors of record on Wednesday, November 23rd were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date was Tuesday, November 22nd. Loews’s dividend payout ratio is currently 6.25%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on L shares. TheStreet upgraded Loews from a “c+” rating to a “b-” rating in a research note on Wednesday, November 23rd. StockNews.com upgraded Loews from a “hold” rating to a “buy” rating in a research note on Wednesday, November 2nd.

Loews Profile

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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 property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto and umbrella coverages.

See Also

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Institutional Ownership by Quarter for Loews (NYSE:L)

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