Janus Henderson Group PLC Buys 6,300 Shares of Loews Co. (NYSE:L)

Janus Henderson Group PLC boosted its stake in Loews Co. (NYSE:L) by 33.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,249 shares of the insurance provider’s stock after acquiring an additional 6,300 shares during the period. Janus Henderson Group PLC’s holdings in Loews were worth $1,996,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in Loews in the third quarter valued at approximately $40,000. Eastern Bank acquired a new position in shares of Loews during the third quarter worth approximately $47,000. Kimelman & Baird LLC acquired a new position in shares of Loews during the second quarter worth approximately $45,000. Family Firm Inc. acquired a new position in shares of Loews during the second quarter worth approximately $46,000. Finally, Innealta Capital LLC acquired a new position in shares of Loews during the second quarter worth approximately $51,000. 58.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com lowered Loews from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th.

Loews Trading Down 0.9 %

Shares of Loews stock opened at $83.95 on Friday. The stock has a fifty day simple moving average of $82.29 and a 200 day simple moving average of $79.24. Loews Co. has a 12-month low of $67.20 and a 12-month high of $87.45. The company has a market capitalization of $18.28 billion, a P/E ratio of 11.25 and a beta of 0.83. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.48.

Loews Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Wednesday, November 27th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.25 annualized dividend and a yield of 0.30%. Loews’s dividend payout ratio (DPR) is currently 3.32%.

Insider Buying and Selling

In other Loews news, Director Charles M. Diker sold 1,146 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $86.83, for a total value of $99,507.18. Following the completion of the transaction, the director now owns 19,906 shares in the company, valued at $1,728,437.98. This represents a 5.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew H. Tisch sold 50,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $83.26, for a total value of $4,163,000.00. Following the completion of the transaction, the director now owns 11,939,677 shares of the company’s stock, valued at $994,097,507.02. This trade represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 126,146 shares of company stock worth $10,499,507. 18.70% of the stock is owned by corporate insiders.

Loews Company 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.