Aaron Wealth Advisors LLC Buys 344 Shares of Loews Co. (NYSE:L)

Aaron Wealth Advisors LLC boosted its position in Loews Co. (NYSE:L) by 11.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,372 shares of the insurance provider’s stock after acquiring an additional 344 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Loews were worth $267,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Versant Capital Management Inc lifted its holdings in shares of Loews by 244.0% in the 2nd quarter. Versant Capital Management Inc now owns 375 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 266 shares during the last quarter. Kimelman & Baird LLC purchased a new stake in Loews during the second quarter valued at about $45,000. Family Firm Inc. bought a new position in shares of Loews during the second quarter valued at about $46,000. Innealta Capital LLC purchased a new position in shares of Loews in the second quarter worth about $51,000. Finally, Blue Trust Inc. increased its holdings in shares of Loews by 80.9% in the second quarter. Blue Trust Inc. now owns 693 shares of the insurance provider’s stock worth $54,000 after buying an additional 310 shares during the period. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on L shares. Royal Bank of Canada upgraded Loews to a “moderate buy” rating in a research report on Friday, July 26th. Jefferies Financial Group cut their target price 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 Stock Performance

Shares of NYSE:L opened at $81.82 on Friday. 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 company has a market cap of $18.12 billion, a price-to-earnings ratio of 12.14 and a beta of 0.81. Loews Co. has a 12 month low of $62.18 and a 12 month high of $83.54. The company has a 50-day moving average price of $79.38 and a 200-day moving average price of $77.32.

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

Loews Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 21st were given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.31%. The ex-dividend date was Wednesday, August 21st. Loews’s dividend payout ratio is currently 3.71%.

Insider Activity

In other Loews news, VP Mark S. Schwartz sold 2,628 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $80.88, for a total value of $212,552.64. Following the sale, the vice president now owns 14,933 shares in the company, valued at approximately $1,207,781.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Loews news, VP Mark S. Schwartz sold 2,628 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $80.88, for a total value of $212,552.64. Following the sale, the vice president now directly owns 14,933 shares of the company’s stock, valued at approximately $1,207,781.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jonathan M. Tisch sold 62,500 shares of the firm’s stock in a transaction 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 transaction, 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 91,215 shares of company stock worth $7,399,013. Corporate insiders own 18.70% of the company’s stock.

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.