B. Metzler seel. Sohn & Co. Holding AG Purchases New Stake in Loews Co. (NYSE:L)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Loews Co. (NYSE:L) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,047 shares of the insurance provider’s stock, valued at approximately $399,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of L. Versant Capital Management Inc grew its holdings in shares of Loews by 244.0% in the 2nd quarter. Versant Capital Management Inc now owns 375 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 266 shares during the period. Kimelman & Baird LLC acquired a new stake in Loews in the second quarter valued at $45,000. Family Firm Inc. purchased a new position in shares of Loews in the second quarter valued at $46,000. Eastern Bank acquired a new position in shares of Loews during the 3rd quarter worth $47,000. Finally, Innealta Capital LLC purchased a new stake in shares of Loews in the 2nd quarter worth about $51,000. Institutional investors and hedge funds own 58.33% of the company’s stock.

Loews Trading Up 1.1 %

NYSE L opened at $86.07 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.34 and a current ratio of 0.34. Loews Co. has a one year low of $67.20 and a one year high of $86.27. The company’s 50 day moving average price is $80.44 and its 200 day moving average price is $78.41. The firm has a market capitalization of $18.74 billion, a price-to-earnings ratio of 11.43 and a beta of 0.82.

Loews Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 27th will be given a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend is Wednesday, November 27th. Loews’s dividend payout ratio (DPR) is 3.32%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Jefferies Financial Group dropped their price target on Loews from $115.00 to $112.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. StockNews.com downgraded shares of Loews from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th.

Insider Activity

In other news, 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 transaction, 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 ownership of the stock. 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 Loews stock in a transaction that occurred 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 completion of the transaction, the insider now owns 461,395 shares of the company’s stock, valued at approximately $37,751,338.90. The trade was a 5.14 % decrease in their position. 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 90 days. Company insiders own 18.70% of the company’s stock.

Loews Company 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.