BSW Wealth Partners Takes $212,000 Position in Loews Co. (NYSE:L)

BSW Wealth Partners purchased a new position in shares of Loews Co. (NYSE:L) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,686 shares of the insurance provider’s stock, valued at approximately $212,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc grew its position in Loews by 244.0% during the second quarter. Versant Capital Management Inc now owns 375 shares of the insurance provider’s stock worth $28,000 after buying an additional 266 shares during the period. Kimelman & Baird LLC acquired a new stake in shares of Loews in the 2nd quarter worth approximately $45,000. Family Firm Inc. purchased a new position in Loews in the 2nd quarter valued at approximately $46,000. Eastern Bank purchased a new stake in Loews during the third quarter worth $47,000. Finally, Innealta Capital LLC purchased a new position in shares of Loews in the second quarter valued at $51,000. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Loews Price Performance

L opened at $76.51 on Tuesday. Loews Co. has a 1 year low of $64.84 and a 1 year high of $83.54. The company’s 50 day simple moving average is $79.62 and its 200 day simple moving average is $77.73. The stock has a market capitalization of $16.80 billion, a PE ratio of 11.20 and a beta of 0.82. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.34.

Wall Street Analyst Weigh In

L has been the topic of a number of recent research reports. Royal Bank of Canada raised Loews to a “moderate buy” rating in a research note on Friday, July 26th. Jefferies Financial Group reduced their price objective on Loews from $115.00 to $112.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st.

Insider Activity at Loews

In other Loews news, insider Jonathan M. Tisch sold 62,500 shares of Loews stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $80.84, for a total transaction of $5,052,500.00. Following the transaction, the insider now directly owns 6,781,634 shares of the company’s stock, valued at $548,227,292.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Loews news, insider Jonathan M. Tisch sold 62,500 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $80.84, for a total value of $5,052,500.00. Following the completion of the sale, the insider now owns 6,781,634 shares of the company’s stock, valued at $548,227,292.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan M. Tisch sold 25,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $81.82, for a total transaction of $2,045,500.00. Following the sale, the insider now directly owns 461,395 shares of the company’s stock, valued at approximately $37,751,338.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 88,587 shares of company stock worth $7,186,460. 18.70% of the stock is owned by insiders.

Loews Company 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.