Mercer Global Advisors Inc. ADV owns $7.32 million in Loews Co. (NYSE:L)

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Mercer Global Advisors Inc. ADV increased its holdings in shares of Loews Co. (NYSE:L – Free Report) by 5.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,923 shares of the insurance provider’s stock after acquiring an additional 4,716 shares during the period. Holdings of Mercer Global Advisors Inc. ADV’s holdings in Loews were worth $7,319,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc boosted its stake in Loews by 244.0% in the second 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. Principal Securities Inc. bought a new position in Loews in the fourth quarter valued at about $38,000. Family Firm Inc. purchased a new position in Loews in the second quarter valued at $46,000. Able Wealth Management LLC bought a new position in Loews in the 4th quarter valued at $48,000. Finally, Incinalta Capital LLC purchased a new stake in shares of Loews in the second quarter valued at $51,000. 58.33% of shares are owned by institutional investors and hedge funds.

Analysts set new price targets

L has been the subject of several research reports. Royal Bank of Canada raised Loews to a “moderate-buy” rating in a research note on Friday, July 26th. Jefferies Financial Group cut their price target on shares of Loews from $115.00 to $112.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st.

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Loews stock performance

Shares of L stock opened at $78.54 on Friday. Loews Co. has a twelve month low of $61.43 and a twelve month high of $83.54. The company has a quick ratio of 0.34, a current ratio of 0.34, and a debt-to-equity ratio of 0.50. The company has a market cap of $17.39 billion, a P/E ratio of 11.65 and a beta of 0.82. The company’s fifty-day moving average is $79.09, and its 200-day moving average is $76.98.

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

Loews Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 21st were issued a dividend of $0.0625 per share. This represents a dividend of $0.25 on an annualized basis and a yield of 0.32%. The ex-dividend date was Wednesday, August 21. Loews’s dividend payout ratio is currently 3.71%.

Insider Buying and Selling at Loews

In related 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 transaction of $212,552.64. Following the sale, the vice president now owns 14,933 shares of the company’s stock, valued at approximately $1,207,781.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this link. In related news, Director Jonathan C. Locker purchased 6,200 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were purchased at an average price of $80.63 per share, with a total value of $499,906.00. Following the completion of the acquisition, the director now owns 23,068 shares in the company, valued at approximately $1,859,972.84. The acquisition was disclosed in a legal filing with the SEC, which is accessible via this link. Also, VP Mark S. Schwartz sold 2,628 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $80.88, for a total transaction of $212,552.64. Following the completion of the transaction, the vice president now owns 14,933 shares of the company’s stock, valued at approximately $1,207,781.04. The disclosure for this sale can be found here. Over 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 shares.

Loews Company Profile

(Free Report)

Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers specialist insurance products such as management and professional liability as well as other coverage products; guarantees and fidelity bonds; property insurance products including standard and excess property, marine and boiler and motor covers; and casualty insurance products, such as workers’ compensation, general liability and commercial auto products and coverages, excess and umbrella.