Teachers Retirement System of The State of Kentucky Sells 853 Shares of Loews Co. (NYSE:L)

Teachers Retirement System of The State of Kentucky reduced its holdings in Loews Co. (NYSE:L) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,851 shares of the insurance provider’s stock after selling 853 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Loews were worth $1,095,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Loews by 7.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 11,652 shares of the insurance provider’s stock worth $871,000 after purchasing an additional 851 shares in the last quarter. Blue Trust Inc. raised its stake in Loews by 80.9% during the 2nd quarter. Blue Trust Inc. now owns 693 shares of the insurance provider’s stock worth $54,000 after buying an additional 310 shares during the period. Raymond James & Associates boosted its holdings in Loews by 7.2% in the second quarter. Raymond James & Associates now owns 38,478 shares of the insurance provider’s stock worth $2,876,000 after acquiring an additional 2,568 shares in the last quarter. Family Firm Inc. acquired a new stake in Loews in the second quarter valued at approximately $46,000. Finally, Fullcircle Wealth LLC bought a new stake in shares of Loews during the second quarter valued at approximately $1,553,000. 58.33% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Charles M. Diker sold 1,146 shares of the business’s 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 transaction, the director now directly owns 19,906 shares in the company, valued at approximately $1,728,437.98. The trade was a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew H. Tisch sold 75,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $83.16, for a total transaction of $6,237,000.00. Following the completion of the sale, the director now owns 12,089,677 shares of the company’s stock, valued at approximately $1,005,377,539.32. This trade represents a 0.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 126,146 shares of company stock worth $10,499,507 over the last 90 days. 18.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com cut Loews from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th.

Loews Trading Down 2.6 %

NYSE:L opened at $81.50 on Thursday. Loews Co. has a one year low of $67.85 and a one year high of $87.45. The company has a market cap of $17.75 billion, a PE ratio of 10.82 and a beta of 0.83. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a 50-day moving average of $82.85 and a 200-day moving average of $79.54.

Loews Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 27th were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.31%. The ex-dividend date was Wednesday, November 27th. Loews’s dividend payout ratio (DPR) is presently 3.32%.

Loews 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.