Ashton Thomas Private Wealth LLC Has $580,000 Position in Loews Co. (NYSE:L)

Ashton Thomas Private Wealth LLC boosted its stake in shares of Loews Co. (NYSE:L) by 215.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,340 shares of the insurance provider’s stock after buying an additional 5,014 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Loews were worth $580,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Loews by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 21,156,933 shares of the insurance provider’s stock valued at $1,656,376,000 after buying an additional 507,513 shares in the last quarter. Swedbank AB purchased a new position in Loews in the first quarter valued at approximately $23,646,000. TD Asset Management Inc lifted its stake in Loews by 77.9% in the second quarter. TD Asset Management Inc now owns 525,920 shares of the insurance provider’s stock valued at $39,307,000 after purchasing an additional 230,231 shares during the last quarter. Bank of Montreal Can lifted its stake in Loews by 106.3% in the second quarter. Bank of Montreal Can now owns 353,160 shares of the insurance provider’s stock valued at $27,338,000 after purchasing an additional 182,009 shares during the last quarter. Finally, Lee Danner & Bass Inc. purchased a new position in Loews in the second quarter valued at approximately $13,379,000. 58.33% of the stock is owned by institutional investors and hedge funds.

Loews Trading Down 0.5 %

Shares of L stock opened at $82.80 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.34 and a current ratio of 0.34. Loews Co. has a 52-week low of $66.16 and a 52-week high of $84.56. The company has a market capitalization of $18.03 billion, a PE ratio of 11.00 and a beta of 0.82. The business’s fifty day moving average is $79.71 and its 200 day moving average is $78.01.

Loews Dividend Announcement

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 given a dividend of $0.0625 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.25 dividend on an annualized basis and a yield of 0.30%. Loews’s payout ratio is 3.32%.

Analyst Ratings Changes

Several research firms have issued reports on L. StockNews.com upgraded Loews from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Jefferies Financial Group dropped 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. Finally, Royal Bank of Canada upgraded Loews to a “moderate buy” rating in a research report on Friday, July 26th.

Insider Buying and Selling at Loews

In other news, Director Andrew H. Tisch sold 75,000 shares of Loews stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $83.16, for a total value of $6,237,000.00. Following the transaction, the director now owns 12,089,677 shares in the company, valued at approximately $1,005,377,539.32. The trade was a 0.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan M. Tisch sold 25,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were 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 position. The disclosure for this sale can be found here. Insiders have sold 163,587 shares of company stock worth $13,423,460 over the last 90 days. 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.