The Insider, Charles Diker Unloaded 274 Shares of Loews (L); Contrarius Investment Management LTD Has Increased Its Transocean LTD (RIG) Position

March 2, 2018 - By Jerrie Dane

In a legal document which was filled with the U.S. Security and Exchange Commission, it was exposed that the director of Loews Corp Charles Diker, an insider in focus, made a stock market deal for 274 shares of the ‘s company, worth $13,530 U.S Dollars using an average market stock price per share of $49.4 U.S Dollars. This stocks unloading decreased his ownership of Loews Corp to 0.00% stock market capitalization or 5,534 shares.

Contrarius Investment Management Ltd increased Transocean Ltd (RIG) stake by 10.29% reported in 2017Q3 SEC filing. Contrarius Investment Management Ltd acquired 1.00M shares as Transocean Ltd (RIG)’s stock declined 20.06%. The Contrarius Investment Management Ltd holds 10.74M shares with $115.59M value, up from 9.74M last quarter. Transocean Ltd now has $4.35 billion valuation. The stock increased 1.28% or $0.12 during the last trading session, reaching $9.48. About 10.68M shares traded. Transocean Ltd. (NYSE:RIG) has risen 15.86% since March 2, 2017 and is uptrending. It has underperformed by 0.84% the S&P500.

Since February 11, 2018, it had 0 insider purchases, and 4 sales for $1.43 million activity. TISCH JONATHAN M sold $370,578 worth of stock or 7,800 shares. TISCH ANDREW H had sold 7,806 shares worth $370,707 on Sunday, February 11. TISCH JAMES S had sold 7,800 shares worth $370,500 on Sunday, February 11. SIEGEL KENNETH I also sold $313,536 worth of Loews Corporation (NYSE:L) shares.

Loews Corporation, through its subsidiaries, provides commercial property and casualty insurance in the United States, Canada, the United Kingdom, Continental Europe, and Singapore. The company has market cap of $15.98 billion. The firm offers management and professional liability insurance and risk management services, and other specialized property and casualty coverages; commercial surety and fidelity bonds; and warranty and alternative risk services primarily for vehicles and portable electronic communication devices. It has a 14.15 P/E ratio. The Company’s commercial property insurance products include standard and excess property, marine, and boiler and machinery coverages; and casualty insurance products comprise workers' compensation, general and product liability, commercial auto, and umbrella coverages.

Analysts await Loews Corporation (NYSE:L) to report earnings on May, 7. They expect $0.79 EPS, down 9.20% or $0.08 from last year’s $0.87 per share. L’s profit will be $258.57M for 15.45 P/E if the $0.79 EPS becomes a reality. After $0.83 actual EPS reported by Loews Corporation for the previous quarter, Wall Street now forecasts -4.82% negative EPS growth.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.31, from 1.31 in 2017Q2. It fall, as 34 investors sold Loews Corporation shares while 137 reduced holdings. 47 funds opened positions while 124 raised stakes. 196.05 million shares or 0.97% more from 194.17 million shares in 2017Q2 were reported. Manikay Ptnrs Limited Liability Company accumulated 350,000 shares or 1.04% of the stock. Moreover, Oakbrook Invs Llc has 0.07% invested in Loews Corporation (NYSE:L) for 22,780 shares. Amp Invsts Ltd reported 0.03% stake. Victory reported 74,146 shares or 0.01% of all its holdings. Cornerstone Management Holdg Ltd Llc has invested 0.02% in Loews Corporation (NYSE:L). 362,905 were accumulated by Fmr Lc. Contravisory Invest Mgmt, a Massachusetts-based fund reported 5,562 shares. State Of Wisconsin Board has 0.04% invested in Loews Corporation (NYSE:L) for 263,638 shares. Invesco Ltd has 0.04% invested in Loews Corporation (NYSE:L) for 2.08M shares. Texas Permanent School Fund holds 76,491 shares. Veritable Ltd Partnership has 4,800 shares. Capstone Limited Liability holds 0.02% in Loews Corporation (NYSE:L) or 12,651 shares. Moreover, Sumitomo Mitsui Trust Holdg has 0.06% invested in Loews Corporation (NYSE:L) for 845,162 shares. Rhumbline Advisers, Massachusetts-based fund reported 539,331 shares. Steinberg Asset Mgmt accumulated 7,000 shares or 0.05% of the stock.

The stock increased 0.35% or $0.17 during the last trading session, reaching $48.82. About 1.45 million shares traded or 9.95% up from the average. Loews Corporation (NYSE:L) has risen 15.12% since March 2, 2017 and is uptrending. It has underperformed by 1.58% the S&P500.

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.30, from 1.25 in 2017Q2. It dropped, as 66 investors sold RIG shares while 107 reduced holdings. 54 funds opened positions while 110 raised stakes. 280.42 million shares or 7.79% more from 260.14 million shares in 2017Q2 were reported. Ledyard Bancshares owns 0% invested in Transocean Ltd. (NYSE:RIG) for 3,310 shares. Horseman Capital Mgmt reported 4.32% stake. Retirement Of Alabama owns 1.37M shares. D E Shaw And Communication Inc stated it has 183,133 shares or 0% of all its holdings. Sterling Capital Lc has invested 0.04% in Transocean Ltd. (NYSE:RIG). Creative Planning holds 351,325 shares or 0.02% of its portfolio. Legal General Grp Pcl accumulated 1.18 million shares or 0.01% of the stock. Stifel Corp reported 92,894 shares. Pekin Singer Strauss Asset Mgmt Il reported 10,499 shares. 381,400 are held by Art Advsrs Limited Liability. Private Advisor Gp Limited holds 29,899 shares or 0.01% of its portfolio. Liberty Mutual Gp Asset Mngmt holds 0.01% or 15,835 shares. Moreover, 1832 Asset Limited Partnership has 0% invested in Transocean Ltd. (NYSE:RIG) for 69 shares. San Francisco Sentry Group (Ca) holds 1,500 shares. Arrowstreet Cap Limited Partnership has 0.07% invested in Transocean Ltd. (NYSE:RIG) for 2.48M shares.

Among 40 analysts covering Transocean Ltd (NYSE:RIG), 15 have Buy rating, 10 Sell and 15 Hold. Therefore 38% are positive. Transocean Ltd had 105 analyst reports since August 7, 2015 according to SRatingsIntel. BMO Capital Markets maintained it with “Sell” rating and $700 target in Tuesday, July 11 report. As per Thursday, September 3, the company rating was upgraded by Vetr. The stock of Transocean Ltd. (NYSE:RIG) earned “Underperform” rating by Credit Suisse on Saturday, September 5. The firm earned “Hold” rating on Thursday, October 19 by HSBC. Citigroup upgraded the stock to “Buy” rating in Thursday, October 12 report. The stock of Transocean Ltd. (NYSE:RIG) has “Hold” rating given on Friday, June 30 by Jefferies. As per Tuesday, August 15, the company rating was maintained by Jefferies. The firm earned “Hold” rating on Tuesday, August 16 by Jefferies. The firm has “Hold” rating by RBC Capital Markets given on Friday, September 1. Wells Fargo upgraded the shares of RIG in report on Monday, July 18 to “Market Perform” rating.

Contrarius Investment Management Ltd decreased Gannett Co Inc stake by 131,755 shares to 276,216 valued at $2.49M in 2017Q3. It also reduced Barrick Gold Corp (NYSE:ABX) stake by 256,456 shares and now owns 530,665 shares. Teck Resources Ltd (NYSE:TCK) was reduced too.