Who is the Top Investor In Loews Corp. (L)?

Loews Corp. (NYSE: L) is 3.49% higher on its value in year-to-date trading and has touched a low of $52.85 and a high of $75.24 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The L stock was last observed hovering at around $72.66 in the last trading session, with the day’s loss setting it -0.64%.

Currently trading at $72.02, the stock is -0.45% and 1.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.07 million and changing -0.88% at the moment leaves the stock 12.72% off its SMA200. L registered 14.77% gain for a year compared to 6-month gain of 14.01%. The firm has a 50-day simple moving average (SMA 50) of $1.57.

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The stock witnessed a 1.45% loss in the last 1 month and extending the period to 3 months gives it a 10.09%, and is -0.39% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.69% over the week and 1.30% over the month.

Loews Corp. (L) has around 12280 employees, a market worth around $16.08B and $15.90B in sales. Current P/E ratio is 11.46. Profit margin for the company is 9.02%. Distance from 52-week low is 36.27% and -4.28% from its 52-week high. The company has generated returns on investments over the last 12 months (4.50%).

Loews Corp. quarterly earnings per share for the current quarter are estimated at $0.

801 institutions hold shares in Loews Corp. (L), with institutional investors hold 72.76% of the company’s shares. The shares outstanding are 222.17M, and float is at 183.33M with Short Float at 0.88%. Institutions hold 58.91% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 22.51 million shares valued at $1.34 billion. The investor’s holdings represent 9.98% of the L Shares outstanding. As of Jun 29, 2023, the second largest holder is JP Morgan Chase & Company with 14.8 million shares valued at $878.55 million to account for 6.56% of the shares outstanding. The other top investors are Blackrock Inc. which holds 14.02 million shares representing 6.21% and valued at over $832.21 million, while State Street Corporation holds 3.74% of the shares totaling 8.43 million with a market value of $500.43 million.

Loews Corp. (L) Insider Activity

A total of 32 insider transactions have happened at Loews Corp. (L) in the last six months, with sales accounting for 14 and purchases happening 18 times. The most recent transaction is an insider sale by TISCH ANDREW H, the company’s Director. SEC filings show that TISCH ANDREW H sold 11,741 shares of the company’s common stock on Jan 03 at a price of $70.58 per share for a total of $0.83 million. Following the sale, the insider now owns 1.07 million shares.

Loews Corp. disclosed in a document filed with the SEC on Jan 02 that TISCH JONATHAN M (Co-Ch. of Bd/Off. of the Pres.) sold a total of 22,150 shares of the company’s common stock. The trade occurred on Jan 02 and was made at $70.15 per share for $1.55 million. Following the transaction, the insider now directly holds 0.11 million shares of the L stock.

Still, SEC filings show that on Jan 02, TISCH ANDREW H (Director) disposed off 10,629 shares at an average price of $70.15 for $0.75 million. The insider now directly holds 1,070,866 shares of Loews Corp. (L).

Loews Corp. (L): Who are the competitors?

One of the company’s main competitors (and peers) include Chubb Ltd. (CB) that is trading 13.81% up over the past 12 months.Progressive Corp. (PGR) lies in the list of competitors of the Loews Corp. and is 31.88% higher over the same period from LTravelers Cos. Inc. (TRV) is 14.49% up on the 1-year trading charts.