Loews Co. (NYSE:L) is Mraz Amerine & Associates Inc.’s 8th Largest Position

Mraz Amerine & Associates Inc. decreased its holdings in Loews Co. (NYSE:L) by 0.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 252,226 shares of the insurance provider’s stock after selling 1,546 shares during the period. Loews makes up about 3.6% of Mraz Amerine & Associates Inc.’s holdings, making the stock its 8th biggest holding. Mraz Amerine & Associates Inc. owned approximately 0.11% of Loews worth $19,938,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Wellington Management Group LLP grew its position in shares of Loews by 0.7% in the 4th quarter. Wellington Management Group LLP now owns 20,526 shares of the insurance provider’s stock worth $1,428,000 after buying an additional 145 shares during the period. Optas LLC grew its position in shares of Loews by 1.9% in the 2nd quarter. Optas LLC now owns 8,086 shares of the insurance provider’s stock worth $604,000 after buying an additional 151 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its position in shares of Loews by 3.4% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,003 shares of the insurance provider’s stock worth $392,000 after buying an additional 164 shares during the period. Atomi Financial Group Inc. grew its position in shares of Loews by 4.3% in the 3rd quarter. Atomi Financial Group Inc. now owns 4,111 shares of the insurance provider’s stock worth $325,000 after buying an additional 169 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position in shares of Loews by 6.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,195 shares of the insurance provider’s stock worth $239,000 after buying an additional 186 shares during the period. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on L. Jefferies Financial Group cut their price objective on shares of Loews from $115.00 to $112.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Royal Bank of Canada raised shares of Loews to a “moderate buy” rating in a research report on Friday, July 26th.

Loews Price Performance

Shares of NYSE:L opened at $81.09 on Friday. The firm’s 50 day moving average price is $79.60 and its 200-day moving average price is $77.41. Loews Co. has a twelve month low of $62.18 and a twelve month high of $83.54. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $17.95 billion, a PE ratio of 12.03 and a beta of 0.81.

Loews (NYSE:L) last released its earnings results on Monday, July 29th. The insurance provider reported $1.67 EPS for the quarter. The company had revenue of $4.27 billion for the quarter. Loews had a net margin of 9.14% and a return on equity of 9.26%.

Loews Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 21st were issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend was Wednesday, August 21st. Loews’s dividend payout ratio (DPR) is presently 3.71%.

Insider Activity at Loews

In other Loews news, insider Jonathan M. Tisch sold 25,000 shares of Loews 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 completion of the transaction, the insider now directly owns 461,395 shares of the company’s stock, valued at $37,751,338.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Jonathan M. Tisch sold 62,500 shares of Loews stock in a transaction dated Thursday, September 5th. The stock was 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 directly owns 6,781,634 shares in the company, valued at $548,227,292.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jonathan M. Tisch sold 25,000 shares of Loews stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $81.82, for a total value 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. 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 ninety days, insiders sold 91,215 shares of company stock valued at $7,399,013. 18.70% of the stock is owned by corporate insiders.

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.