Donald Smith & CO. Inc. Has $6.14 Million Stock Holdings in Loews Co. (NYSE:L)

Donald Smith & CO. Inc. reduced its position in shares of Loews Co. (NYSE:L - Free Report) by 80.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 77,624 shares of the insurance provider's stock after selling 314,793 shares during the period. Donald Smith & CO. Inc.'s holdings in Loews were worth $6,136,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc raised its stake in Loews by 244.0% during the 2nd quarter. Versant Capital Management Inc now owns 375 shares of the insurance provider's stock worth $28,000 after buying an additional 266 shares during the period. Kimelman & Baird LLC purchased a new stake in Loews during the second quarter valued at $45,000. Family Firm Inc. purchased a new position in Loews during the second quarter valued at $46,000. Eastern Bank purchased a new position in shares of Loews during the third quarter worth approximately $47,000. Finally, Innealta Capital LLC purchased a new position in shares of Loews in the 2nd quarter valued at approximately $51,000. Institutional investors and hedge funds own 58.33% of the company's stock.

Insider Transactions at Loews

In other Loews news, Director Ann E. Berman sold 1,087 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $81.38, for a total value of $88,460.06. Following the completion of the transaction, the director now owns 4,998 shares of the company's stock, valued at $406,737.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, insider Jonathan M. Tisch sold 62,500 shares of the company'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 transaction of $5,052,500.00. Following the completion of the transaction, the insider now directly owns 6,781,634 shares in the company, valued at $548,227,292.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann E. Berman sold 1,087 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $81.38, for a total transaction of $88,460.06. Following the transaction, the director now directly owns 4,998 shares of the company's stock, valued at $406,737.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 88,587 shares of company stock valued at $7,186,460 over the last three months. Corporate insiders own 18.70% of the company's stock.

Loews Trading Up 0.7 %

L traded up $0.59 on Wednesday, reaching $80.35. 995,430 shares of the company's stock were exchanged, compared to its average volume of 707,675. The company's 50 day moving average is $79.71 and its 200-day moving average is $77.58. Loews Co. has a twelve month low of $63.23 and a twelve month high of $83.54. The company has a market cap of $17.79 billion, a price-to-earnings ratio of 11.83 and a beta of 0.81. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.34.

Loews (NYSE:L - Get Free Report) last issued its quarterly earnings data on Monday, July 29th. The insurance provider reported $1.67 earnings per share (EPS) for the quarter. The firm had revenue of $4.27 billion during the quarter. Loews had a return on equity of 9.26% and a net margin of 9.14%.

Loews Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 21st were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.31%. The ex-dividend date was Wednesday, August 21st. Loews's dividend payout ratio is presently 3.71%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Royal Bank of Canada upgraded Loews to a "moderate buy" rating in a report on Friday, July 26th. Jefferies Financial Group cut their price objective on shares of Loews from $115.00 to $112.00 and set a "buy" rating on the stock in a report on Wednesday, July 31st.

Loews 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.