Loews Corporation $L Stock Position Raised by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its stake in Loews Corporation (NYSE:L) by 5.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 128,273 shares of the insurance provider’s stock after acquiring an additional 7,037 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.06% of Loews worth $12,877,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of L. SJS Investment Consulting Inc. boosted its position in shares of Loews by 880.8% in the 3rd quarter. SJS Investment Consulting Inc. now owns 255 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 229 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in shares of Loews in the second quarter worth about $27,000. NewSquare Capital LLC boosted its holdings in shares of Loews by 404.1% in the second quarter. NewSquare Capital LLC now owns 368 shares of the insurance provider’s stock worth $34,000 after buying an additional 295 shares during the period. Hantz Financial Services Inc. increased its position in shares of Loews by 14,900.0% in the second quarter. Hantz Financial Services Inc. now owns 450 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 447 shares in the last quarter. Finally, MTM Investment Management LLC acquired a new stake in shares of Loews during the second quarter valued at approximately $41,000. 58.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Loews

In related news, Director Ann E. Berman sold 1,444 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $108.10, for a total value of $156,096.40. Following the transaction, the director directly owned 6,686 shares of the company’s stock, valued at approximately $722,756.60. This trade represents a 17.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Walter L. Harris sold 1,442 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $107.88, for a total value of $155,562.96. Following the sale, the director directly owned 24,594 shares of the company’s stock, valued at $2,653,200.72. The trade was a 5.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 125,770 shares of company stock worth $13,325,818 in the last 90 days. Company insiders own 19.00% of the company’s stock.

Loews Stock Performance

Shares of L opened at $104.64 on Friday. The firm has a market cap of $21.63 billion, a price-to-earnings ratio of 15.17 and a beta of 0.61. The company’s fifty day moving average is $105.00 and its 200-day moving average is $98.96. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.44. Loews Corporation has a 12 month low of $78.98 and a 12 month high of $109.06.

Loews (NYSE:L) last issued its quarterly earnings data on Monday, November 3rd. The insurance provider reported $2.43 earnings per share (EPS) for the quarter. The firm had revenue of $4.67 billion during the quarter. Loews had a net margin of 7.95% and a return on equity of 7.89%.

Loews Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Wednesday, November 26th were paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Wednesday, November 26th. Loews’s dividend payout ratio is 3.62%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Loews in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Loews Profile

Loews Corporation (NYSE: L) is a diversified holding company that owns and operates businesses across insurance, hospitality, energy-related operations and other industrial and investment activities. The company holds controlling and significant minority interests in subsidiaries that run as standalone businesses, with corporate oversight focused on capital allocation, risk management and long-term value creation for shareholders.

One of Loews’ principal businesses is insurance, conducted through CNA Financial, a commercial property and casualty insurer that underwrites a range of business insurance products for corporate and institutional clients.