Barclays PLC Has $39.48 Million Position in Loews Co. (NYSE:L)

Barclays PLC boosted its holdings in shares of Loews Co. (NYSE:L) by 10.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 732,115 shares of the insurance provider’s stock after buying an additional 66,539 shares during the period. Barclays PLC owned about 0.29% of Loews worth $39,484,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. American Century Companies Inc. boosted its stake in shares of Loews by 26.5% in the 2nd quarter. American Century Companies Inc. now owns 12,624 shares of the insurance provider’s stock valued at $690,000 after purchasing an additional 2,641 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Loews by 3.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 41,934 shares of the insurance provider’s stock worth $2,292,000 after buying an additional 1,290 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in Loews by 71.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 206,242 shares of the insurance provider’s stock worth $11,271,000 after buying an additional 86,146 shares in the last quarter. Principal Financial Group Inc. lifted its position in Loews by 0.9% during the 2nd quarter. Principal Financial Group Inc. now owns 277,895 shares of the insurance provider’s stock worth $15,187,000 after buying an additional 2,449 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its position in Loews by 3.7% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,251 shares of the insurance provider’s stock worth $287,000 after buying an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Separately, Royal Bank of Canada upped their price target on shares of Loews from $104.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, November 11th.

Shares of L stock opened at $61.63 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market cap of $15.63 billion, a PE ratio of 10.05 and a beta of 0.95. The stock has a 50-day moving average of $57.29 and a 200-day moving average of $55.80. Loews Co. has a one year low of $45.11 and a one year high of $61.93.

Loews (NYSE:L) last issued its quarterly earnings data on Monday, November 1st. The insurance provider reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.22. Loews had a return on equity of 6.24% and a net margin of 11.10%. The business had revenue of $3.37 billion during the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 7th. Investors of record on Wednesday, November 24th were given a $0.0625 dividend. The ex-dividend date was Tuesday, November 23rd. This represents a $0.25 annualized dividend and a dividend yield of 0.41%. Loews’s dividend payout ratio is presently 4.08%.

In other Loews news, Director Philip A. Laskawy sold 459 shares of the company’s stock in a transaction that occurred on Wednesday, December 1st. The stock was sold at an average price of $54.69, for a total transaction of $25,102.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mark S. Schwartz sold 8,759 shares of the company’s stock in a transaction that occurred on Tuesday, November 9th. The stock was sold at an average price of $57.73, for a total value of $505,657.07. The disclosure for this sale can be found here. Insiders sold a total of 14,584 shares of company stock valued at $836,032 over the last quarter. 16.20% of the stock is owned by insiders.

Loews Company Profile

Loews Corp. operates as a holding company, which engages in the oil and gas business. It operates through the following segments: CNA Financial, Diamond Offshore, Boardwalk Pipeline, Loews Hotels and Corporate. The CNA Financial segment offers property, casualty, insurance, and underwriting services.

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Institutional Ownership by Quarter for Loews (NYSE:L)

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