Focus Partners Wealth Buys 5,955 Shares of Loews Corporation $L

Focus Partners Wealth boosted its holdings in shares of Loews Corporation (NYSE:L) by 45.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,068 shares of the insurance provider’s stock after purchasing an additional 5,955 shares during the quarter. Focus Partners Wealth’s holdings in Loews were worth $1,753,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of L. Jane Street Group LLC raised its stake in shares of Loews by 218.1% in the first quarter. Jane Street Group LLC now owns 142,050 shares of the insurance provider’s stock valued at $13,056,000 after acquiring an additional 97,391 shares during the period. Advisory Alpha LLC purchased a new stake in shares of Loews in the first quarter valued at $284,000. Bayforest Capital Ltd raised its stake in shares of Loews by 267.2% in the first quarter. Bayforest Capital Ltd now owns 1,241 shares of the insurance provider’s stock valued at $114,000 after acquiring an additional 903 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Loews by 5.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,496,606 shares of the insurance provider’s stock valued at $137,553,000 after acquiring an additional 73,197 shares during the period. Finally, Woodline Partners LP raised its stake in shares of Loews by 37.5% in the first quarter. Woodline Partners LP now owns 14,926 shares of the insurance provider’s stock valued at $1,372,000 after acquiring an additional 4,071 shares during the period. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Loews Trading Down 1.0%

Shares of L opened at $95.91 on Wednesday. Loews Corporation has a twelve month low of $75.16 and a twelve month high of $98.33. The company has a market cap of $19.89 billion, a P/E ratio of 15.25 and a beta of 0.73. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.43. The company’s fifty day simple moving average is $94.06 and its 200-day simple moving average is $89.98.

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

Loews Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 20th were issued a $0.0625 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.3%. Loews’s dividend payout ratio is presently 3.97%.

Loews Profile

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.