IFM Investors Pty Ltd Grows Stock Holdings in Loews Corporation $L

IFM Investors Pty Ltd raised its stake in Loews Corporation (NYSE:L) by 4.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,102 shares of the insurance provider’s stock after buying an additional 1,291 shares during the period. IFM Investors Pty Ltd’s holdings in Loews were worth $3,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Miracle Mile Advisors LLC lifted its position in shares of Loews by 3.5% in the 1st quarter. Miracle Mile Advisors LLC now owns 3,855 shares of the insurance provider’s stock worth $354,000 after purchasing an additional 130 shares during the period. Aaron Wealth Advisors LLC lifted its position in shares of Loews by 3.9% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 3,754 shares of the insurance provider’s stock worth $344,000 after purchasing an additional 142 shares during the period. Signaturefd LLC lifted its position in shares of Loews by 4.0% in the 1st quarter. Signaturefd LLC now owns 3,940 shares of the insurance provider’s stock worth $362,000 after purchasing an additional 152 shares during the period. Salvus Wealth Management LLC lifted its position in shares of Loews by 1.4% in the 1st quarter. Salvus Wealth Management LLC now owns 11,848 shares of the insurance provider’s stock worth $1,089,000 after purchasing an additional 165 shares during the period. Finally, Flynn Zito Capital Management LLC lifted its position in shares of Loews by 5.9% in the 1st quarter. Flynn Zito Capital Management LLC now owns 3,309 shares of the insurance provider’s stock worth $304,000 after purchasing an additional 183 shares during the period. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Loews Price Performance

Shares of L opened at $97.35 on Tuesday. The company has a 50 day moving average price of $94.54 and a 200-day moving average price of $90.32. Loews Corporation has a fifty-two week low of $75.16 and a fifty-two week high of $98.33. The stock has a market capitalization of $20.19 billion, a PE ratio of 15.48 and a beta of 0.73. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.33 and a current ratio of 0.33.

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

Loews Dividend Announcement

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