Texas Yale Capital Corp. Has $3.16 Million Stock Holdings in Loews Co. (NYSE:L)

Texas Yale Capital Corp. cut its position in Loews Co. (NYSE:L) by 50.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 57,776 shares of the insurance provider’s stock after selling 57,776 shares during the quarter. Texas Yale Capital Corp.’s holdings in Loews were worth $3,159,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of L. Legacy Bridge LLC acquired a new position in Loews during the 1st quarter valued at about $25,000. Glassman Wealth Services boosted its stake in Loews by 182.0% during the 1st quarter. Glassman Wealth Services now owns 516 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 333 shares during the last quarter. Cornerstone Advisors Inc. boosted its stake in Loews by 23.8% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,003 shares of the insurance provider’s stock valued at $55,000 after purchasing an additional 193 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Loews during the 1st quarter valued at about $122,000. Finally, Parallel Advisors LLC boosted its stake in Loews by 234.0% during the 1st quarter. Parallel Advisors LLC now owns 2,672 shares of the insurance provider’s stock valued at $128,000 after purchasing an additional 1,872 shares during the last quarter. Institutional investors own 62.74% of the company’s stock.

In other Loews news, VP Mark S. Schwartz sold 9,083 shares of Loews stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $53.42, for a total transaction of $485,213.86. Following the transaction, the vice president now owns 5,000 shares of the company’s stock, valued at approximately $267,100. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Richard Waldo Scott sold 6,228 shares of Loews stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $51.99, for a total transaction of $323,793.72. Following the transaction, the senior vice president now directly owns 29,732 shares in the company, valued at approximately $1,545,766.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,233 shares of company stock worth $1,649,678. Insiders own 14.20% of the company’s stock.

Shares of Loews stock traded down $0.36 during mid-day trading on Friday, hitting $52.51. 847,991 shares of the stock were exchanged, compared to its average volume of 857,415. Loews Co. has a 12 month low of $42.06 and a 12 month high of $56.20. The firm’s 50-day moving average is $54.47. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $16.12 billion, a P/E ratio of 18.49 and a beta of 0.65.

A number of equities analysts have issued reports on L shares. ValuEngine downgraded Loews from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research upgraded Loews from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Tuesday, May 7th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Loews currently has an average rating of “Hold” and an average price target of $66.60.

Loews Company Profile

Loews Corporation, through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally. It operates through CNA Financial Corporation; Diamond Offshore Drilling, Inc; Boardwalk Pipeline Partners, LP; and Loews Hotels Holding Corporation segments. The company offers specialty insurance products, such as management and professional liability insurance coverages and products; surety and fidelity bonds; and warranty and alternative risk services.

Featured Article: Cost of Goods Sold (COGS)

Want to see what other hedge funds are holding L? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Loews Co. (NYSE:L).

Institutional Ownership by Quarter for Loews (NYSE:L)

Receive News & Ratings for Loews Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Loews and related companies with MarketBeat.com's FREE daily email newsletter.