Loews Co. (NYSE:L) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its position in shares of Loews Co. (NYSE:L - Free Report) by 38.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 35,595 shares of the insurance provider's stock after selling 22,698 shares during the quarter. Amalgamated Bank's holdings in Loews were worth $2,814,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Loews by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 21,156,933 shares of the insurance provider's stock valued at $1,656,376,000 after buying an additional 507,513 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in 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 valued at $251,627,000 after buying an additional 69,459 shares during the period. Dimensional Fund Advisors LP raised its holdings in Loews by 6.4% during 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 buying an additional 161,810 shares during the period. AQR Capital Management LLC raised 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 during the period. Finally, Hsbc Holdings PLC raised 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 during the period. 58.33% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other 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 transaction, the insider now owns 6,781,634 shares in the company, valued at approximately $548,227,292.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other 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 transaction, the insider now owns 6,781,634 shares in the company, valued at approximately $548,227,292.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 value of $2,045,500.00. Following 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. Insiders have sold a total of 88,587 shares of company stock worth $7,186,460 over the last quarter. Company insiders own 18.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on L. Jefferies Financial Group decreased their price target 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 upgraded Loews to a "moderate buy" rating in a research note on Friday, July 26th.

Loews Trading Up 0.1 %

L stock traded up $0.10 during midday trading on Monday, reaching $83.21. The company's stock had a trading volume of 534,022 shares, compared to its average volume of 710,830. 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 stock has a fifty day simple moving average of $79.64 and a two-hundred day simple moving average of $77.88. Loews Co. has a 1 year low of $65.70 and a 1 year high of $84.56. The firm has a market capitalization of $18.12 billion, a price-to-earnings ratio of 11.04 and a beta of 0.82.

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.