Cetera Investment Advisers Increases Stock Position in Loews Corporation $L

Cetera Investment Advisers raised its position in shares of Loews Corporation (NYSE:L) by 9.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,663 shares of the insurance provider’s stock after buying an additional 398 shares during the quarter. Cetera Investment Advisers’ holdings in Loews were worth $429,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. OneDigital Investment Advisors LLC bought a new position in shares of Loews during the first quarter valued at $224,000. Novem Group bought a new position in shares of Loews during the fourth quarter valued at $678,000. SG Americas Securities LLC increased its holdings in shares of Loews by 589.9% during the first quarter. SG Americas Securities LLC now owns 10,162 shares of the insurance provider’s stock valued at $934,000 after acquiring an additional 8,689 shares in the last quarter. Moody Lynn & Lieberson LLC bought a new position in shares of Loews during the first quarter valued at $329,000. Finally, Penserra Capital Management LLC increased its holdings in Loews by 2,074.6% in the 1st quarter. Penserra Capital Management LLC now owns 10,351 shares of the insurance provider’s stock worth $950,000 after buying an additional 9,875 shares in the last quarter. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Loews from a “hold” rating to a “buy” rating in a research note on Tuesday, May 6th.

Loews Stock Performance

Shares of Loews stock opened at $95.04 on Monday. The stock’s fifty day moving average is $91.20 and its two-hundred day moving average is $88.20. The company has a market capitalization of $19.71 billion, a PE ratio of 15.11 and a beta of 0.69. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.43. Loews Corporation has a 52 week low of $75.16 and a 52 week high of $96.10.

Loews (NYSE:L) last issued its earnings results on Monday, August 4th. The insurance provider reported $1.87 earnings per share for the quarter. Loews had a return on equity of 7.43% and a net margin of 7.47%. The business had revenue of $4.56 billion during the quarter.

Loews Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 20th will be paid a $0.0625 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $0.25 dividend on an annualized basis and a yield of 0.3%. Loews’s dividend payout ratio (DPR) is 3.97%.

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.