Loews Corporation $L Shares Sold by Boston Partners

Boston Partners cut its holdings in Loews Corporation (NYSE:L) by 1.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,475,946 shares of the insurance provider’s stock after selling 17,628 shares during the period. Boston Partners owned about 0.71% of Loews worth $135,313,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Elequin Capital LP bought a new position in Loews in the first quarter worth about $30,000. Zions Bancorporation National Association UT acquired a new stake in shares of Loews during the 1st quarter worth approximately $33,000. NewSquare Capital LLC lifted its holdings in shares of Loews by 404.1% in the 2nd quarter. NewSquare Capital LLC now owns 368 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 295 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Loews by 14,900.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 450 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 447 shares during the period. Finally, MTM Investment Management LLC bought a new position in Loews during the 2nd quarter worth $41,000. Institutional investors own 58.33% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (a-)” rating on shares of Loews in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Loews currently has a consensus rating of “Strong Buy”.

Loews Stock Up 0.4%

L opened at $108.34 on Thursday. The stock’s 50 day moving average price is $101.44 and its 200 day moving average price is $95.27. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market cap of $22.39 billion, a P/E ratio of 17.22 and a beta of 0.73. Loews Corporation has a 12 month low of $78.98 and a 12 month high of $109.06.

Loews (NYSE:L) last released its quarterly earnings results on Monday, November 3rd. The insurance provider reported $2.43 earnings per share (EPS) for the quarter. The company had revenue of $3.94 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 announced a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Wednesday, November 26th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $0.25 annualized dividend and a yield of 0.2%. Loews’s dividend payout ratio (DPR) is presently 3.62%.

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.