2,585 Shares in Loews Co. (NYSE:L) Acquired by Colonial River Investments LLC

Colonial River Investments LLC acquired a new position in shares of Loews Co. (NYSE:L) in the third quarter, Holdings Channel reports. The firm acquired 2,585 shares of the insurance provider’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Axxcess Wealth Management LLC purchased a new stake in Loews during the 3rd quarter worth approximately $204,000. Principal Financial Group Inc. grew its holdings in shares of Loews by 3.0% during the third quarter. Principal Financial Group Inc. now owns 248,665 shares of the insurance provider’s stock valued at $19,657,000 after buying an additional 7,149 shares during the last quarter. QRG Capital Management Inc. raised its stake in Loews by 3.0% in the 3rd quarter. QRG Capital Management Inc. now owns 117,052 shares of the insurance provider’s stock worth $9,253,000 after acquiring an additional 3,395 shares during the last quarter. National Pension Service raised its stake in Loews by 6.0% in the 3rd quarter. National Pension Service now owns 369,682 shares of the insurance provider’s stock worth $29,223,000 after acquiring an additional 21,038 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Loews by 22.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 569,156 shares of the insurance provider’s stock valued at $44,992,000 after purchasing an additional 105,810 shares during the period. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Insider Activity at Loews

In related news, insider Jonathan M. Tisch sold 25,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 461,395 shares in the company, valued at approximately $37,751,338.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Loews news, insider Jonathan M. Tisch sold 25,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $81.82, for a total transaction of $2,045,500.00. Following the completion of the sale, the insider now owns 461,395 shares of the company’s stock, valued at $37,751,338.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann E. Berman sold 1,087 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 4,998 shares in the company, valued at approximately $406,737.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 88,587 shares of company stock valued at $7,186,460. 18.70% of the stock is currently owned by insiders.

Loews Price Performance

NYSE:L opened at $83.11 on Monday. The firm has a market cap of $18.10 billion, a P/E ratio of 11.04 and a beta of 0.82. The stock has a 50 day moving average of $79.64 and a two-hundred day moving average of $77.87. Loews Co. has a 12 month low of $64.97 and a 12 month high of $83.54. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.48.

Wall Street Analysts Forecast Growth

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

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.