Loews Co. (NYSE:L) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its holdings in Loews Co. (NYSE:L - Free Report) by 19.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,049 shares of the insurance provider's stock after acquiring an additional 10,140 shares during the quarter. Quantinno Capital Management LP's holdings in Loews were worth $4,984,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted 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 acquiring an additional 69,459 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Loews by 6.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,673,906 shares of the insurance provider's stock worth $199,858,000 after purchasing an additional 161,810 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Loews by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,611,751 shares of the insurance provider's stock worth $127,409,000 after purchasing an additional 8,615 shares in the last quarter. AQR Capital Management LLC grew its holdings in Loews by 5.8% in the second 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 during the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Loews by 5.0% in the second 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. Institutional investors and hedge funds own 58.33% of the company's stock.

Loews Price Performance

Shares of L traded up $0.14 during mid-day trading on Friday, reaching $86.08. 560,186 shares of the company's stock were exchanged, compared to its average volume of 713,610. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.48. Loews Co. has a 52-week low of $67.20 and a 52-week high of $87.45. The company has a market cap of $18.75 billion, a price-to-earnings ratio of 11.43 and a beta of 0.83. The company has a 50-day simple moving average of $81.95 and a two-hundred day simple moving average of $79.04.

Loews Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend is Wednesday, November 27th. Loews's payout ratio is 3.32%.

Analyst Ratings Changes

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

Insider Transactions at Loews

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