106,000 Shares in Loews Corporation $L Bought by Capitolis Liquid Global Markets LLC

Capitolis Liquid Global Markets LLC bought a new stake in shares of Loews Corporation (NYSE:L) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 106,000 shares of the insurance provider’s stock, valued at approximately $10,641,000.

Several other hedge funds have also bought and sold shares of L. SJS Investment Consulting Inc. increased its position in Loews by 880.8% in the third quarter. SJS Investment Consulting Inc. now owns 255 shares of the insurance provider’s stock worth $26,000 after buying an additional 229 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of Loews during the 2nd quarter valued at about $27,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in shares of Loews during the 3rd quarter valued at approximately $30,000. Westside Investment Management Inc. grew its stake in shares of Loews by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 370 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 185 shares during the period. Finally, MTM Investment Management LLC purchased a new stake in Loews in the 2nd quarter worth approximately $41,000. Institutional investors own 58.33% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Loews news, Director Andrew H. Tisch sold 50,000 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $108.81, for a total transaction of $5,440,500.00. Following the completion of the sale, the director directly owned 12,480,400 shares of the company’s stock, valued at $1,357,992,324. This trade represents a 0.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Marc A. Alpert sold 3,495 shares of Loews stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $109.87, for a total transaction of $383,995.65. Following the sale, the vice president owned 16,325 shares in the company, valued at approximately $1,793,627.75. The trade was a 17.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 105,417 shares of company stock worth $11,549,723 in the last three months. 18.70% of the stock is owned by company insiders.

Loews Price Performance

NYSE:L opened at $108.02 on Monday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.43. The business’s 50-day simple moving average is $107.14 and its two-hundred day simple moving average is $103.73. The stock has a market cap of $22.26 billion, a PE ratio of 13.54 and a beta of 0.60. Loews Corporation has a 52 week low of $78.98 and a 52 week high of $114.90.

Loews (NYSE:L) last released its quarterly earnings data on Monday, February 9th. The insurance provider reported $1.94 earnings per share for the quarter. Loews had a return on equity of 8.86% and a net margin of 9.03%.The firm had revenue of $4.73 billion during the quarter.

Loews Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.2%. The ex-dividend date was Wednesday, February 25th. Loews’s dividend payout ratio is presently 3.13%.

Loews Company 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.