Creative Planning Raises Holdings in Loews Corporation $L

Creative Planning boosted its stake in shares of Loews Corporation (NYSE:L) by 3.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,210 shares of the insurance provider’s stock after acquiring an additional 879 shares during the quarter. Creative Planning’s holdings in Loews were worth $2,494,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Elequin Capital LP acquired a new stake in shares of Loews during the 1st quarter worth approximately $30,000. Zions Bancorporation National Association UT purchased a new stake in Loews during the first quarter worth $33,000. NewSquare Capital LLC grew its position in Loews by 404.1% during the second quarter. NewSquare Capital LLC now owns 368 shares of the insurance provider’s stock valued at $34,000 after buying an additional 295 shares during the period. Hantz Financial Services Inc. increased its holdings in Loews by 14,900.0% in the second quarter. Hantz Financial Services Inc. now owns 450 shares of the insurance provider’s stock valued at $41,000 after buying an additional 447 shares in the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of Loews in the second quarter worth about $60,000. 58.33% of the stock is owned by institutional investors and hedge funds.

Loews Stock Up 0.8%

L stock opened at $107.27 on Tuesday. Loews Corporation has a 52 week low of $78.98 and a 52 week high of $107.49. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.43. The firm has a 50-day simple moving average of $100.97 and a 200-day simple moving average of $95.04. The stock has a market capitalization of $22.17 billion, a P/E ratio of 17.05 and a beta of 0.73.

Loews (NYSE:L) last posted its quarterly earnings data on Monday, November 3rd. The insurance provider reported $2.43 earnings per share (EPS) for the quarter. Loews had a return on equity of 7.43% and a net margin of 7.47%.The company had revenue of $3.94 billion for the quarter.

Loews Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Wednesday, November 26th will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, November 26th. Loews’s payout ratio is presently 3.62%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “buy (a-)” rating on shares of Loews in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Loews currently has a consensus rating of “Strong Buy”.

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.