Robeco Institutional Asset Management B.V. Grows Stock Holdings in Loews Co. (NYSE:L)

Robeco Institutional Asset Management B.V. boosted its position in Loews Co. (NYSE:L - Free Report) by 22.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 569,156 shares of the insurance provider's stock after acquiring an additional 105,810 shares during the period. Robeco Institutional Asset Management B.V. owned 0.26% of Loews worth $44,992,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In related news, Director Ann E. Berman sold 1,087 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $81.38, for a total value of $88,460.06. Following the transaction, the director now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Loews news, insider Jonathan M. Tisch sold 62,500 shares of Loews stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $80.84, for a total value of $5,052,500.00. Following the completion of the sale, the insider now owns 6,781,634 shares of the company's stock, valued at approximately $548,227,292.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann E. Berman sold 1,087 shares of the company's stock in a transaction 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 transaction, the director now directly owns 4,998 shares in the company, valued at approximately $406,737.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 88,587 shares of company stock worth $7,186,460. Corporate insiders own 18.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on L. Jefferies Financial Group decreased their price target on shares of Loews from $115.00 to $112.00 and set a "buy" rating on the stock in a research note on Wednesday, July 31st. Royal Bank of Canada upgraded Loews to a "moderate buy" rating in a report on Friday, July 26th.

Loews Stock Performance

L stock traded up $1.46 during midday trading on Tuesday, reaching $77.97. 485,193 shares of the company's stock traded hands, compared to its average volume of 708,291. The firm has a market capitalization of $17.12 billion, a PE ratio of 11.20 and a beta of 0.82. The company has a 50-day moving average price of $79.62 and a two-hundred day moving average price of $77.73. Loews Co. has a 52 week low of $64.84 and a 52 week high of $83.54. 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 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.