Greenwood Capital Associates LLC Sells 222 Shares of Loews Co. (NYSE:L)

Greenwood Capital Associates LLC lowered its position in shares of Loews Co. (NYSE:L) by 2.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,061 shares of the insurance provider’s stock after selling 222 shares during the period. Greenwood Capital Associates LLC’s holdings in Loews were worth $795,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Loews by 2.5% during the first 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 in the last quarter. Allspring Global Investments Holdings LLC grew its position in Loews by 2.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,183,138 shares of the insurance provider’s stock worth $251,627,000 after buying an additional 69,459 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of 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 purchasing an additional 161,810 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Loews by 5.8% in the 2nd quarter. AQR Capital Management LLC now owns 820,800 shares of the insurance provider’s stock valued at $61,347,000 after purchasing an additional 45,237 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in shares of Loews by 5.0% in the 2nd quarter. Hsbc Holdings PLC now owns 692,116 shares of the insurance provider’s stock valued at $51,750,000 after purchasing an additional 33,125 shares in the last quarter. Institutional investors own 58.33% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Loews Trading Up 2.5 %

NYSE L opened at $78.39 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. Loews Co. has a twelve month low of $64.84 and a twelve month high of $83.54. The company has a market cap of $17.21 billion, a price-to-earnings ratio of 11.48 and a beta of 0.82. The business’s fifty day moving average is $79.58 and its 200 day moving average is $77.75.

Insider Activity at Loews

In related news, insider Jonathan M. Tisch sold 62,500 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 6,781,634 shares of the company’s stock, valued at $548,227,292.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Jonathan M. Tisch sold 62,500 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 6,781,634 shares of the company’s stock, valued at $548,227,292.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ann E. Berman sold 1,087 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $81.38, for a total value of $88,460.06. Following the transaction, the director now directly owns 4,998 shares of the company’s stock, valued at approximately $406,737.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 88,587 shares of company stock valued at $7,186,460 in the last 90 days. 18.70% of the stock is owned by corporate insiders.

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.