National Pension Service Increases Stake in Loews Co. (NYSE:L)

National Pension Service raised its holdings in Loews Co. (NYSE:L - Free Report) by 6.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 369,682 shares of the insurance provider's stock after purchasing an additional 21,038 shares during the period. National Pension Service owned approximately 0.17% of Loews worth $29,223,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Loews by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 21,156,933 shares of the insurance provider's stock worth $1,656,376,000 after acquiring an additional 507,513 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Loews by 2.2% in 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 purchasing an additional 69,459 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in 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 during the last quarter. AQR Capital Management LLC lifted its stake in 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 during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in 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 during the last quarter. Institutional investors own 58.33% of the company's stock.

Loews Stock Up 1.5 %

Shares of L traded up $1.23 during trading hours on Friday, reaching $83.31. 231,603 shares of the stock traded hands, compared to its average volume of 709,859. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The stock has a fifty day simple moving average of $79.61 and a 200 day simple moving average of $77.78. Loews Co. has a 52 week low of $64.97 and a 52 week high of $83.54. The company has a market cap of $18.14 billion, a price-to-earnings ratio of 11.07 and a beta of 0.82.

Insider Buying and Selling

In other news, insider Jonathan M. Tisch sold 62,500 shares of the business's stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $80.84, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Jonathan M. Tisch sold 25,000 shares of the company's stock in a transaction that occurred on 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 sale, the insider now owns 461,395 shares of the company's stock, valued at approximately $37,751,338.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jonathan M. Tisch sold 62,500 shares of the company's stock in a transaction that occurred 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 directly owns 6,781,634 shares in the company, valued at $548,227,292.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 88,587 shares of company stock worth $7,186,460. Insiders own 18.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on L shares. Jefferies Financial Group decreased their price target on shares of Loews from $115.00 to $112.00 and set a "buy" rating for the company in a research report on Wednesday, July 31st. Royal Bank of Canada upgraded shares of Loews to a "moderate buy" rating in a research report on Friday, July 26th.

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.