2,691 Shares in Loews Co. (NYSE:L) Acquired by Regent Peak Wealth Advisors LLC

Regent Peak Wealth Advisors LLC acquired a new stake in Loews Co. (NYSE:L) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,691 shares of the insurance provider’s stock, valued at approximately $213,000.

A number of other institutional investors have also recently bought and sold shares of L. Versant Capital Management Inc increased its stake in shares of Loews by 244.0% in the 2nd quarter. Versant Capital Management Inc now owns 375 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 266 shares during the last quarter. Kimelman & Baird LLC acquired a new stake in Loews in the second quarter worth $45,000. Family Firm Inc. bought a new position in shares of Loews during the second quarter worth $46,000. Innealta Capital LLC acquired a new position in shares of Loews in the 2nd quarter valued at $51,000. Finally, Blue Trust Inc. increased its position in shares of Loews by 80.9% in the 2nd quarter. Blue Trust Inc. now owns 693 shares of the insurance provider’s stock valued at $54,000 after buying an additional 310 shares in the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

Loews Stock Up 0.7 %

Shares of Loews stock traded up $0.53 during trading on Wednesday, reaching $80.86. The stock had a trading volume of 110,549 shares, compared to its average volume of 711,037. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $17.90 billion, a price-to-earnings ratio of 12.05 and a beta of 0.81. Loews Co. has a 52 week low of $62.18 and a 52 week high of $83.54. The stock has a fifty day moving average price of $79.12 and a two-hundred day moving average price of $77.23.

Loews (NYSE:L) last released its quarterly earnings results on Monday, July 29th. The insurance provider reported $1.67 earnings per share for the quarter. Loews had a return on equity of 9.26% and a net margin of 9.14%. The firm had revenue of $4.27 billion during the quarter.

Loews Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 21st were given a dividend of $0.0625 per share. The ex-dividend date was Wednesday, August 21st. This represents a $0.25 annualized dividend and a yield of 0.31%. Loews’s dividend payout ratio (DPR) is presently 3.71%.

Analysts Set New Price Targets

A number of research analysts have issued reports on L shares. Jefferies Financial Group decreased their target price on Loews from $115.00 to $112.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Royal Bank of Canada upgraded shares of Loews to a “moderate buy” rating in a report on Friday, July 26th.

Insiders Place Their Bets

In other news, Director Ann E. Berman sold 1,087 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $81.38, for a total transaction of $88,460.06. Following the sale, the director now owns 4,998 shares in the company, valued at $406,737.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Loews news, Director Jonathan C. Locker purchased 6,200 shares of Loews stock in a transaction that occurred on Tuesday, July 30th. The stock was acquired at an average price of $80.63 per share, for a total transaction of $499,906.00. Following the completion of the acquisition, the director now owns 23,068 shares of the company’s stock, valued at approximately $1,859,972.84. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ann E. Berman sold 1,087 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $81.38, for a total value of $88,460.06. Following the completion of the sale, the director now owns 4,998 shares in the company, valued at $406,737.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 91,215 shares of company stock valued at $7,399,013 in the last three months. 18.70% of the stock is currently owned by corporate insiders.

About Loews

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.