Crossmark Global Holdings Inc. Sells 150 Shares of Loews Co. (NYSE:L)

Crossmark Global Holdings Inc. trimmed its position in shares of Loews Co. (NYSE:L) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,018 shares of the insurance provider’s stock after selling 150 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Loews were worth $1,819,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Optas LLC increased its stake in Loews by 1.9% during the 2nd quarter. Optas LLC now owns 8,086 shares of the insurance provider’s stock worth $604,000 after purchasing an additional 151 shares in the last quarter. Atomi Financial Group Inc. increased its position in shares of Loews by 4.3% during the third quarter. Atomi Financial Group Inc. now owns 4,111 shares of the insurance provider’s stock worth $325,000 after acquiring an additional 169 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Loews by 6.2% during the second quarter. Sequoia Financial Advisors LLC now owns 3,195 shares of the insurance provider’s stock worth $239,000 after acquiring an additional 186 shares in the last quarter. Ballentine Partners LLC raised its stake in shares of Loews by 5.2% in the 3rd quarter. Ballentine Partners LLC now owns 3,772 shares of the insurance provider’s stock valued at $298,000 after purchasing an additional 187 shares during the period. Finally, Signaturefd LLC raised its position in Loews by 6.1% in the 3rd quarter. Signaturefd LLC now owns 3,818 shares of the insurance provider’s stock valued at $302,000 after buying an additional 221 shares during the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

Loews Trading Down 0.3 %

L opened at $82.97 on Wednesday. The company has a 50-day simple moving average of $79.66 and a 200 day simple moving average of $77.92. The stock has a market capitalization of $18.07 billion, a price-to-earnings ratio of 11.02 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 0.48. Loews Co. has a twelve month low of $65.70 and a twelve month high of $84.56.

Loews Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.30%. Loews’s payout ratio is presently 3.32%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on L. StockNews.com upgraded shares of Loews from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Royal Bank of Canada raised shares of Loews to a “moderate buy” rating in a report on Friday, July 26th. Finally, Jefferies Financial Group decreased their price objective on Loews from $115.00 to $112.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st.

Insider Buying and Selling

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 sale, the director now owns 4,998 shares in the company, valued at $406,737.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider Jonathan M. Tisch sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $81.82, for a total transaction of $2,045,500.00. Following the completion of the transaction, the insider now directly owns 461,395 shares in the company, valued at $37,751,338.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann E. Berman sold 1,087 shares of the firm’s 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 approximately $406,737.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 88,587 shares of company stock worth $7,186,460 in the last ninety days. 18.70% of the stock is owned by insiders.

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.