AlphaCentric Advisors LLC Has $392,000 Position in Loews Co. (NYSE:L)

AlphaCentric Advisors LLC cut its holdings in Loews Co. (NYSE:L) by 5.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,953 shares of the insurance provider’s stock after selling 273 shares during the period. AlphaCentric Advisors LLC’s holdings in Loews were worth $392,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Loews by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 21,156,933 shares of the insurance provider’s stock worth $1,656,376,000 after buying an additional 507,513 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Loews by 2.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,183,138 shares of the insurance provider’s stock worth $251,627,000 after purchasing an additional 69,459 shares during the period. Dimensional Fund Advisors LP raised its stake in Loews by 6.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,673,906 shares of the insurance provider’s stock valued at $199,858,000 after acquiring an additional 161,810 shares during the period. AQR Capital Management LLC grew its holdings in Loews by 5.8% during the 2nd quarter. AQR Capital Management LLC now owns 820,800 shares of the insurance provider’s stock valued at $61,347,000 after buying an additional 45,237 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Loews by 5.0% during the 2nd quarter. Hsbc Holdings PLC now owns 692,116 shares of the insurance provider’s stock valued at $51,750,000 after buying an additional 33,125 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Loews Price Performance

NYSE L opened at $76.51 on Tuesday. Loews Co. has a one year low of $64.84 and a one year high of $83.54. The stock has a 50-day moving average of $79.62 and a 200 day moving average of $77.73. The company has a market capitalization of $16.80 billion, a price-to-earnings ratio of 11.20 and a beta of 0.82. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.34.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Jefferies Financial Group decreased 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 Loews to a “moderate buy” rating in a research note on Friday, July 26th.

Insiders Place Their Bets

In other 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 transaction of $5,052,500.00. Following the transaction, the insider now directly owns 6,781,634 shares of the company’s stock, valued at $548,227,292.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Loews news, insider Jonathan M. Tisch sold 62,500 shares of Loews stock in a transaction that occurred on 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 sale, the insider now owns 6,781,634 shares of the company’s stock, valued at $548,227,292.56. The trade was a 0.00 % decrease in their position. 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 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 sale, the insider now directly owns 461,395 shares in the company, valued at approximately $37,751,338.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 88,587 shares of company stock valued at $7,186,460. 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.