Loews Co. (NYSE:L) Shares Acquired by Barclays PLC

Barclays PLC lifted its stake in shares of Loews Co. (NYSE:L) by 13.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 752,380 shares of the insurance provider’s stock after buying an additional 87,259 shares during the quarter. Barclays PLC’s holdings in Loews were worth $59,473,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of L. Brooklyn Investment Group acquired a new stake in shares of Loews during the third quarter worth $40,000. Kimelman & Baird LLC acquired a new stake in Loews during the second quarter worth about $45,000. Family Firm Inc. bought a new position in Loews in the second quarter worth about $46,000. Eastern Bank acquired a new position in Loews in the third quarter valued at approximately $47,000. Finally, Innealta Capital LLC bought a new position in shares of Loews during the second quarter valued at approximately $51,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Loews Stock Down 0.9 %

L stock opened at $83.95 on Friday. The stock has a market cap of $18.28 billion, a PE ratio of 11.15 and a beta of 0.83. The firm’s 50-day simple moving average is $82.29 and its 200 day simple moving average is $79.24. Loews Co. has a fifty-two week low of $67.20 and a fifty-two week high of $87.45. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.48.

Loews Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.0625 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.30%. Loews’s dividend payout ratio (DPR) is presently 3.32%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Loews

In other Loews news, Director Andrew H. Tisch sold 50,000 shares of the business’s 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 sale, the director now directly owns 11,939,677 shares in the company, valued at approximately $994,097,507.02. The trade was a 0.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles M. Diker sold 1,146 shares of the stock in a transaction that occurred on 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 owns 19,906 shares of the company’s stock, valued at $1,728,437.98. This trade represents a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 126,146 shares of company stock worth $10,499,507. Company insiders own 18.70% of the company’s stock.

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.