Natixis Advisors LLC Has $5.42 Million Stock Position in Loews Co. (NYSE:L)

Natixis Advisors LLC lifted its holdings in shares of Loews Co. (NYSE:L) by 5.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 68,620 shares of the insurance provider’s stock after acquiring an additional 3,612 shares during the period. Natixis Advisors LLC’s holdings in Loews were worth $5,424,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. increased its holdings in Loews by 453.9% in the 1st quarter. Bessemer Group Inc. now owns 18,429 shares of the insurance provider’s stock worth $1,443,000 after purchasing an additional 15,102 shares in the last quarter. Toronto Dominion Bank increased its holdings in Loews by 0.4% in the 1st quarter. Toronto Dominion Bank now owns 126,561 shares of the insurance provider’s stock worth $9,908,000 after purchasing an additional 450 shares in the last quarter. 1832 Asset Management L.P. grew its position in shares of Loews by 9.5% in the 1st quarter. 1832 Asset Management L.P. now owns 26,911 shares of the insurance provider’s stock valued at $2,107,000 after buying an additional 2,326 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new stake in shares of Loews in the 1st quarter valued at about $462,000. Finally, Virtus Investment Advisers Inc. bought a new stake in shares of Loews in the 1st quarter valued at about $615,000. Institutional investors and hedge funds own 58.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on L. StockNews.com lowered Loews from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Royal Bank of Canada upgraded Loews to a “moderate buy” rating in a research report on Friday, July 26th. Finally, Jefferies Financial Group cut their target price on Loews from $115.00 to $112.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st.

Insiders Place Their Bets

In other Loews news, insider Jonathan M. Tisch sold 25,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $81.82, for a total value of $2,045,500.00. Following the transaction, the insider now owns 461,395 shares in the company, valued at approximately $37,751,338.90. This represents a 5.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 stock was 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 in the company, valued at approximately $406,737.24. The trade was a 17.86 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 213,587 shares of company stock worth $17,586,460. Corporate insiders own 18.70% of the company’s stock.

Loews Stock Up 1.1 %

Shares of Loews stock opened at $86.07 on Friday. Loews Co. has a one year low of $67.20 and a one year high of $86.27. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.34 and a quick ratio of 0.34. The stock’s 50-day moving average is $80.44 and its 200 day moving average is $78.39. The firm has a market cap of $18.74 billion, a price-to-earnings ratio of 11.43 and a beta of 0.82.

Loews Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 27th will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.25 annualized dividend and a yield of 0.29%. Loews’s payout ratio is currently 3.32%.

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.