Loews Corporation $L Holdings Decreased by Farther Finance Advisors LLC

Farther Finance Advisors LLC reduced its stake in shares of Loews Corporation (NYSE:L) by 16.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,549 shares of the insurance provider’s stock after selling 705 shares during the quarter. Farther Finance Advisors LLC’s holdings in Loews were worth $325,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Wayfinding Financial LLC acquired a new position in Loews during the first quarter worth about $25,000. Sierra Ocean LLC grew its holdings in Loews by 805.9% during the first quarter. Sierra Ocean LLC now owns 308 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 274 shares during the period. Elequin Capital LP acquired a new position in Loews during the first quarter worth about $30,000. Zions Bancorporation National Association UT acquired a new position in Loews during the first quarter worth about $33,000. Finally, NBC Securities Inc. acquired a new position in Loews during the first quarter worth about $40,000. 58.33% of the stock is owned by institutional investors and hedge funds.

Loews Price Performance

NYSE:L opened at $99.66 on Tuesday. The business’s 50-day moving average price is $95.34 and its 200 day moving average price is $90.82. The firm has a market cap of $20.67 billion, a P/E ratio of 15.84 and a beta of 0.73. Loews Corporation has a 52-week low of $75.16 and a 52-week high of $100.57. 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 (NYSE:L) last issued its quarterly earnings results on Monday, August 4th. The insurance provider reported $1.87 earnings per share for the quarter. The firm had revenue of $4.56 billion for 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 paid a $0.0625 dividend. The ex-dividend date of this dividend 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 (DPR) is currently 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.