Dynamic Technology Lab Private Ltd Takes Position in Loews Co. (NYSE:L)

Dynamic Technology Lab Private Ltd bought a new stake in Loews Co. (NYSE:L - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,519 shares of the insurance provider's stock, valued at approximately $674,000.

A number of other institutional investors have also modified their holdings of the business. Swedbank AB grew its stake in shares of Loews by 15.6% in the 2nd quarter. Swedbank AB now owns 349,047 shares of the insurance provider's stock valued at $26,088,000 after purchasing an additional 47,013 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Loews by 8.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 122,208 shares of the insurance provider's stock valued at $9,134,000 after buying an additional 9,296 shares during the last quarter. Intech Investment Management LLC increased its stake in Loews by 8.0% in the 3rd quarter. Intech Investment Management LLC now owns 137,566 shares of the insurance provider's stock valued at $10,875,000 after buying an additional 10,213 shares during the period. Charles Schwab Investment Management Inc. raised its position in Loews by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,611,751 shares of the insurance provider's stock worth $127,409,000 after buying an additional 8,615 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Loews by 47.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 37,319 shares of the insurance provider's stock worth $2,950,000 after acquiring an additional 12,070 shares during the period. 58.33% of the stock is owned by institutional investors and hedge funds.

Loews Price Performance

NYSE:L traded down $0.27 during trading hours on Friday, hitting $86.78. The company's stock had a trading volume of 408,303 shares, compared to its average volume of 713,804. Loews Co. has a 52-week low of $67.20 and a 52-week high of $87.45. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.34 and a current ratio of 0.34. The business's 50-day moving average is $81.20 and its two-hundred day moving average is $78.71. The company has a market capitalization of $18.90 billion, a PE ratio of 11.52 and a beta of 0.82.

Loews Announces Dividend

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 paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Wednesday, November 27th. Loews's dividend payout ratio (DPR) is 3.32%.

Insider Buying and Selling

In other Loews news, insider Jonathan M. Tisch sold 25,000 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $81.82, for a total transaction of $2,045,500.00. Following the completion of the transaction, the insider now directly owns 461,395 shares in the company, valued at approximately $37,751,338.90. This trade represents a 5.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andrew H. Tisch sold 75,000 shares of Loews stock in a transaction dated 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 owns 12,089,677 shares of the company's stock, valued at approximately $1,005,377,539.32. The trade was a 0.62 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 213,587 shares of company stock valued at $17,586,460. Corporate insiders own 18.70% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Loews from a "strong-buy" rating to a "buy" rating in a report on Wednesday, November 20th.

About Loews

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.