Loews Corporation $L Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lowered its stake in Loews Corporation (NYSE:L) by 0.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,388 shares of the insurance provider’s stock after selling 165 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Loews were worth $2,052,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Miracle Mile Advisors LLC grew its holdings in Loews by 3.5% during the first quarter. Miracle Mile Advisors LLC now owns 3,855 shares of the insurance provider’s stock worth $354,000 after acquiring an additional 130 shares during the period. Aaron Wealth Advisors LLC grew its holdings in Loews by 3.9% during the second quarter. Aaron Wealth Advisors LLC now owns 3,754 shares of the insurance provider’s stock worth $344,000 after acquiring an additional 142 shares during the period. Signaturefd LLC grew its holdings in Loews by 4.0% during the first quarter. Signaturefd LLC now owns 3,940 shares of the insurance provider’s stock worth $362,000 after acquiring an additional 152 shares during the period. Salvus Wealth Management LLC grew its holdings in Loews by 1.4% during the first quarter. Salvus Wealth Management LLC now owns 11,848 shares of the insurance provider’s stock worth $1,089,000 after acquiring an additional 165 shares during the period. Finally, Flynn Zito Capital Management LLC grew its holdings in Loews by 5.9% during the first quarter. Flynn Zito Capital Management LLC now owns 3,309 shares of the insurance provider’s stock worth $304,000 after acquiring an additional 183 shares during the period. Institutional investors and hedge funds own 58.33% of the company’s stock.

Loews Stock Down 0.5%

L opened at $96.53 on Monday. The business’s fifty day moving average is $94.43 and its two-hundred day moving average is $90.24. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market cap of $20.02 billion, a price-to-earnings ratio of 15.35 and a beta of 0.73. Loews Corporation has a one year low of $75.16 and a one year high of $98.33.

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

Loews Announces Dividend

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

Loews Company 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.