Maven Securities LTD Buys Shares of 4,822 Loews Co. (NYSE:L)

Maven Securities LTD bought a new stake in Loews Co. (NYSE:L) during the third quarter, Holdings Channel.com reports. The firm bought 4,822 shares of the insurance provider’s stock, valued at approximately $381,000.

A number of other hedge funds have also recently added to or reduced their stakes in L. Cetera Advisors LLC bought a new position in shares of Loews during the first quarter valued at $339,000. CWM LLC raised its stake in Loews by 10.2% during the second quarter. CWM LLC now owns 3,659 shares of the insurance provider’s stock worth $273,000 after buying an additional 338 shares during the last quarter. Carolina Wealth Advisors LLC raised its stake in Loews by 13.2% during the second quarter. Carolina Wealth Advisors LLC now owns 10,601 shares of the insurance provider’s stock worth $792,000 after buying an additional 1,233 shares during the last quarter. QRG Capital Management Inc. raised its stake in Loews by 0.5% during the second quarter. QRG Capital Management Inc. now owns 113,657 shares of the insurance provider’s stock worth $8,495,000 after buying an additional 510 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in Loews by 44.4% during the second quarter. SG Americas Securities LLC now owns 52,177 shares of the insurance provider’s stock worth $3,900,000 after buying an additional 16,055 shares during the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

Insider Buying and Selling at Loews

In other news, Director Charles M. Diker sold 1,146 shares of Loews stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $86.83, for a total transaction of $99,507.18. Following the completion of the transaction, the director now directly owns 19,906 shares in the company, valued at $1,728,437.98. This trade represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew H. Tisch sold 50,000 shares of Loews stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $83.26, for a total transaction of $4,163,000.00. Following the transaction, the director now owns 11,939,677 shares of the company’s stock, valued at $994,097,507.02. This represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 126,146 shares of company stock valued at $10,499,507. Corporate insiders own 18.70% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Loews from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th.

Loews Trading Down 0.2 %

L opened at $85.84 on Thursday. Loews Co. has a 1-year low of $67.20 and a 1-year high of $87.45. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.48. The company has a market cap of $18.69 billion, a P/E ratio of 11.40 and a beta of 0.83. The company has a fifty day moving average price of $81.67 and a two-hundred day moving average price of $78.90.

Loews Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 27th will be paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.29%. The ex-dividend date is Wednesday, November 27th. Loews’s dividend payout ratio (DPR) is currently 3.32%.

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.