LSV Asset Management Invests $12.66 Million in Loews Co. (NYSE:L)

LSV Asset Management bought a new position in shares of Loews Co. (NYSE:L) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 181,900 shares of the insurance provider’s stock, valued at approximately $12,658,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in Loews by 0.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,255,282 shares of the insurance provider’s stock valued at $206,092,000 after acquiring an additional 20,277 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Loews by 6.3% in the 3rd quarter. Northern Trust Corp now owns 2,236,376 shares of the insurance provider’s stock valued at $141,585,000 after purchasing an additional 131,736 shares in the last quarter. Royal Bank of Canada increased its position in Loews by 2.6% during the 3rd quarter. Royal Bank of Canada now owns 935,189 shares of the insurance provider’s stock worth $59,207,000 after purchasing an additional 23,756 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Loews by 316.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 580,107 shares of the insurance provider’s stock valued at $36,727,000 after acquiring an additional 440,693 shares during the period. Finally, Barclays PLC raised its position in Loews by 34.9% in the third quarter. Barclays PLC now owns 577,591 shares of the insurance provider’s stock valued at $36,568,000 after purchasing an additional 149,500 shares during the period. 58.33% of the stock is owned by hedge funds and other institutional investors.

Loews Stock Up 0.1 %

NYSE L opened at $77.81 on Wednesday. The stock has a market cap of $17.29 billion, a PE ratio of 12.35 and a beta of 0.82. The business has a 50 day moving average price of $76.01 and a two-hundred day moving average price of $71.97. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.48. Loews Co. has a fifty-two week low of $55.94 and a fifty-two week high of $78.55.

Loews (NYSE:L) last announced its earnings results on Monday, May 6th. The insurance provider reported $2.05 earnings per share for the quarter. Loews had a return on equity of 9.18% and a net margin of 9.02%. The company had revenue of $4.23 billion during the quarter.

Insider Transactions at Loews

In other news, SVP Richard Waldo Scott sold 7,325 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $74.12, for a total value of $542,929.00. Following the sale, the senior vice president now owns 51,965 shares in the company, valued at approximately $3,851,645.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Loews news, Director Andrew H. Tisch sold 125,000 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $73.04, for a total transaction of $9,130,000.00. Following the sale, the director now directly owns 945,886 shares of the company’s stock, valued at $69,087,513.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Richard Waldo Scott sold 7,325 shares of Loews stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $74.12, for a total transaction of $542,929.00. Following the completion of the transaction, the senior vice president now directly owns 51,965 shares of the company’s stock, valued at $3,851,645.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 137,563 shares of company stock valued at $10,052,551. 18.70% of the stock is currently owned by corporate insiders.

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.