Thompson Siegel & Walmsley LLC raised its position in shares of Loews Corporation (NYSE:L) by 2.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,787,145 shares of the insurance provider’s stock after purchasing an additional 48,612 shares during the quarter. Loews Corporation accounts for 1.0% of Thompson Siegel & Walmsley LLC’s portfolio, making the stock its 26th largest position. Thompson Siegel & Walmsley LLC owned approximately 0.53% of Loews Corporation worth $85,533,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of L. Janus Henderson Group PLC grew its stake in Loews Corporation by 4,046.2% during the 2nd quarter. Janus Henderson Group PLC now owns 1,657,777 shares of the insurance provider’s stock valued at $77,601,000 after purchasing an additional 1,617,794 shares during the last quarter. Wells Fargo & Company MN grew its stake in Loews Corporation by 13.1% during the 2nd quarter. Wells Fargo & Company MN now owns 4,348,887 shares of the insurance provider’s stock valued at $203,570,000 after purchasing an additional 503,117 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in Loews Corporation by 4,388.1% during the 2nd quarter. Thrivent Financial For Lutherans now owns 454,642 shares of the insurance provider’s stock valued at $21,282,000 after purchasing an additional 444,512 shares during the last quarter. PGGM Investments grew its stake in Loews Corporation by 188.9% during the 3rd quarter. PGGM Investments now owns 677,650 shares of the insurance provider’s stock valued at $32,432,000 after purchasing an additional 443,056 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Loews Corporation by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 18,649,024 shares of the insurance provider’s stock valued at $872,960,000 after purchasing an additional 391,900 shares during the last quarter. Institutional investors and hedge funds own 59.05% of the company’s stock.

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Several brokerages have recently issued reports on L. BidaskClub raised Loews Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research raised Loews Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, ValuEngine cut Loews Corporation from a “buy” rating to a “hold” rating in a report on Thursday, October 26th.

In related news, SVP Richard Waldo Scott sold 6,471 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $49.80, for a total value of $322,255.80. Following the completion of the transaction, the senior vice president now owns 11,250 shares of the company’s stock, valued at approximately $560,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan M. Tisch sold 1,394,935 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $48.40, for a total value of $67,514,854.00. Following the completion of the transaction, the insider now directly owns 2,169,075 shares of the company’s stock, valued at approximately $104,983,230. The disclosure for this sale can be found here. In the last three months, insiders sold 1,401,603 shares of company stock valued at $67,846,868. Insiders own 11.80% of the company’s stock.

Shares of Loews Corporation (L) traded up $0.02 during mid-day trading on Monday, hitting $49.22. The stock had a trading volume of 1,027,100 shares, compared to its average volume of 853,138. The firm has a market cap of $16,570.00, a PE ratio of 17.09 and a beta of 0.75. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.46. Loews Corporation has a fifty-two week low of $43.70 and a fifty-two week high of $49.99.

Loews Corporation (NYSE:L) last issued its quarterly earnings data on Monday, October 30th. The insurance provider reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.44. The business had revenue of $3.52 billion during the quarter. Loews Corporation had a return on equity of 4.08% and a net margin of 7.04%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $0.89 EPS. research analysts expect that Loews Corporation will post 2.75 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Wednesday, November 29th will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $0.25 annualized dividend and a dividend yield of 0.51%. Loews Corporation’s dividend payout ratio (DPR) is presently 8.68%.

Loews Corporation Profile

Loews Corporation is a holding company. The Company, through its subsidiaries, is engaged in commercial property and casualty insurance; operation of offshore oil and gas drilling rigs; transportation and storage of natural gas and natural gas liquids, and operation of a chain of hotels. The Company has five segments consisted of its four individual operating subsidiaries, CNA Financial Corporation (CNA), Diamond Offshore Drilling, Inc (Diamond Offshore), Boardwalk Pipeline Partners, LP (Boardwalk Pipeline) and Loews Hotels Holding Corporation (Loews Hotels), and the Corporate segment.

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Institutional Ownership by Quarter for Loews Corporation (NYSE:L)

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