Loews: Insider and Institutional Investor Stock Sales in Third Quarter

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of Loews Corporation (NYSE:L).

SEC data indicate these insiders have sold Loews Corporation’s stock since 06/30/2011:

  • Bower Joseph L: act as Director. On 11/09/2011, sold 1,186 shares, worth $46,000.
  • Fribourg Paul J: act as Director. On 09/16/2011, sold 1,200 shares, worth $45,200.

SEC data indicate that these institutions significantly reduced their stock shares of Loews Corporation in Q3 2011:

  • STRALEM & CO INC: On 06/30/2011, held 2,774,899 shares, worth $116,379,264. On 09/30/2011, held 0 shares.
  • RENAISSANCE TECHNOLOGIES LLC: On 06/30/2011, held 458,500 shares, worth $19,229,490. On 09/30/2011, held 0 shares.
  • ROYAL BANK OF SCOTLAND GROUP PLC: On 06/30/2011, held 281,411 shares, worth $11,802,377. On 09/30/2011, held 0 shares.
  • HANCOCK HOLDING CO: On 06/30/2011, held 204,876 shares, worth $8,592,499. On 09/30/2011, held 0 shares.
  • O’SHAUGHNESSY ASSET MANAGEMENT, LLC: On 06/30/2011, held 147,383 shares, worth $6,181,243. On 09/30/2011, held 0 shares.

About the company: Loews Corporation is a diversified holding company. The Company, through its subsidiaries, is involved in a variety of businesses including commercial property-casualty insurance, offshore drilling, natural gas exploration and production, operation of natural gas pipeline systems, and the operation of hotels and resorts.

Competitors to Watch: CNA Financial Corporation (NYSE:CNA), The Chubb Corporation (NYSE:CB), The Travelers Companies, Inc. (NYSE:TRV), W.R. Berkley Corporation (NYSE:WRB), Markel Corporation (NYSE:MKL), American Financial Group (NYSE:AFG), American Intl. Group, Inc. (NYSE:AIG), Old Republic Intl. Corp. (NYSE:ORI), Cincinnati Financial Corp. (NASDAQ:CINF), and RLI Corp. (NYSE:RLI).

(Note: Data regarding Loews Corporation’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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