AlphaCentric Advisors LLC Lowers Stock Holdings in Loews Co. (NYSE:L)

AlphaCentric Advisors LLC lessened its position in Loews Co. (NYSE:L) by 5.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,953 shares of the insurance provider’s stock after selling 273 shares during the quarter. AlphaCentric Advisors LLC’s holdings in Loews were worth $392,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in L. QRG Capital Management Inc. grew its stake in shares of Loews by 3.0% in the third quarter. QRG Capital Management Inc. now owns 117,052 shares of the insurance provider’s stock valued at $9,253,000 after buying an additional 3,395 shares in the last quarter. National Pension Service grew its stake in Loews by 6.0% during the 3rd quarter. National Pension Service now owns 369,682 shares of the insurance provider’s stock worth $29,223,000 after buying an additional 21,038 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Loews by 22.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 569,156 shares of the insurance provider’s stock valued at $44,992,000 after purchasing an additional 105,810 shares during the last quarter. BSW Wealth Partners purchased a new position in shares of Loews in the 3rd quarter valued at approximately $212,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of Loews by 26.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 27,462 shares of the insurance provider’s stock valued at $2,171,000 after purchasing an additional 5,742 shares during the last quarter. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

L has been the topic of several analyst reports. Jefferies Financial Group lowered their target price on 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 raised Loews to a “moderate buy” rating in a report on Friday, July 26th.

Loews Price Performance

Shares of NYSE:L opened at $76.51 on Tuesday. The company has a market cap of $16.80 billion, a P/E ratio of 11.20 and a beta of 0.82. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. Loews Co. has a 52 week low of $64.84 and a 52 week high of $83.54. The business has a fifty day simple moving average of $79.62 and a 200-day simple moving average of $77.73.

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.