Loews Co. (NYSE:L) Shares Acquired by Centiva Capital LP

Centiva Capital LP boosted its holdings in Loews Co. (NYSE:L) by 56.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,071 shares of the insurance provider’s stock after purchasing an additional 3,987 shares during the quarter. Centiva Capital LP’s holdings in Loews were worth $875,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in L. Optas LLC raised its position in shares of Loews by 1.9% during the 2nd quarter. Optas LLC now owns 8,086 shares of the insurance provider’s stock worth $604,000 after purchasing an additional 151 shares during the period. Summit Trail Advisors LLC lifted its stake in Loews by 2.6% in the third quarter. Summit Trail Advisors LLC now owns 6,038 shares of the insurance provider’s stock valued at $477,000 after buying an additional 153 shares during the last quarter. Atomi Financial Group Inc. boosted its holdings in shares of Loews by 4.3% during the third quarter. Atomi Financial Group Inc. now owns 4,111 shares of the insurance provider’s stock valued at $325,000 after acquiring an additional 169 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of Loews by 6.2% during the second quarter. Sequoia Financial Advisors LLC now owns 3,195 shares of the insurance provider’s stock worth $239,000 after acquiring an additional 186 shares during the last quarter. Finally, Ballentine Partners LLC grew its position in shares of Loews by 5.2% during the third quarter. Ballentine Partners LLC now owns 3,772 shares of the insurance provider’s stock worth $298,000 after acquiring an additional 187 shares during the last quarter. Institutional investors own 58.33% of the company’s stock.

Insider Activity at Loews

In other news, Director Andrew H. Tisch sold 75,000 shares of Loews stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $83.16, for a total transaction of $6,237,000.00. Following the transaction, the director now directly owns 12,089,677 shares in the company, valued at approximately $1,005,377,539.32. This trade represents a 0.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles M. Diker sold 1,146 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $86.83, for a total value of $99,507.18. Following the completion of the sale, the director now owns 19,906 shares of the company’s stock, valued at approximately $1,728,437.98. This trade represents a 5.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 126,146 shares of company stock worth $10,499,507 over the last ninety days. 18.70% of the stock is currently owned by corporate insiders.

Loews Stock Up 0.1 %

L opened at $85.97 on Friday. The stock’s 50 day moving average price is $81.81 and its 200 day moving average price is $78.95. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market cap of $18.72 billion, a P/E ratio of 11.42 and a beta of 0.83. Loews Co. has a 12 month low of $67.20 and a 12 month high of $87.45.

Loews Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend is Wednesday, November 27th. Loews’s dividend payout ratio (DPR) is 3.32%.

Analysts Set New Price Targets

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

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.