Dynamic Technology Lab Private Ltd Makes New $674,000 Investment in Loews Co. (NYSE:L)

Dynamic Technology Lab Private Ltd bought a new stake in shares of Loews Co. (NYSE:L) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,519 shares of the insurance provider’s stock, valued at approximately $674,000.

Other hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc raised its position in Loews by 244.0% during the 2nd quarter. Versant Capital Management Inc now owns 375 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 266 shares in the last quarter. Eastern Bank purchased a new position in shares of Loews during the third quarter valued at $47,000. Kimelman & Baird LLC bought a new stake in shares of Loews in the second quarter valued at about $45,000. Family Firm Inc. purchased a new stake in Loews in the second quarter worth about $46,000. Finally, Innealta Capital LLC purchased a new stake in Loews in the second quarter worth about $51,000. 58.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Loews Stock Up 0.6 %

Loews stock opened at $87.05 on Friday. Loews Co. has a twelve month low of $67.20 and a twelve month high of $87.45. The business has a fifty day moving average of $81.04 and a two-hundred day moving average of $78.64. The firm has a market cap of $18.96 billion, a P/E ratio of 11.56 and a beta of 0.82. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 27th will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Wednesday, November 27th. Loews’s payout ratio is currently 3.32%.

Insider Buying and Selling at Loews

In other news, Director Andrew H. Tisch sold 50,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $83.26, for a total transaction of $4,163,000.00. Following the completion of the sale, the director now owns 11,939,677 shares in the company, valued at approximately $994,097,507.02. This represents a 0.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jonathan M. Tisch sold 25,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $81.82, for a total value of $2,045,500.00. Following the transaction, the insider now owns 461,395 shares in the company, valued at approximately $37,751,338.90. This trade represents a 5.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 213,587 shares of company stock worth $17,586,460 over the last quarter. Insiders own 18.70% of the company’s stock.

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.