4,572 Shares in Loews Corporation $L Purchased by Callan Family Office LLC

Key Points

• Callan Family Office LLC acquired 4,572 shares in Loews Corporation, valued at approximately $419,000, indicating growing interest from institutional investors.
• Loews stock has recently declined by 2.3%, with a market capitalization of $20.80 billion and a PE ratio of 15.94.
• The company announced a quarterly dividend of $0.0625 per share, representing a yield of 0.2% and a low payout ratio of 3.97%.

Callan Family Office LLC acquired a new position in Loews Corporation (NYSE:L - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,572 shares of the insurance provider's stock, valued at approximately $419,000.

Other institutional investors also recently modified their holdings of the company. Aaron Wealth Advisors LLC increased its position in shares of Loews by 3.9% during 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 last quarter. BSW Wealth Partners increased its position in shares of Loews by 5.4% during the 2nd quarter. BSW Wealth Partners now owns 2,812 shares of the insurance provider's stock worth $258,000 after purchasing an additional 143 shares during the last quarter. Signaturefd LLC increased its position in shares of Loews by 4.0% during 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 last quarter. Flynn Zito Capital Management LLC increased its position in shares of Loews by 5.9% during 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 last quarter. Finally, Contravisory Investment Management Inc. increased its position in shares of Loews by 2.3% during the 2nd quarter. Contravisory Investment Management Inc. now owns 9,577 shares of the insurance provider's stock worth $878,000 after purchasing an additional 213 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Loews Stock Down 2.3%

L stock opened at $100.27 on Thursday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $20.80 billion, a PE ratio of 15.94 and a beta of 0.73. Loews Corporation has a 1-year low of $75.16 and a 1-year high of $103.52. The business's 50 day simple moving average is $97.73 and its 200 day simple moving average is $91.86.

Loews (NYSE:L - Get Free Report) last posted its earnings results on Monday, August 4th. The insurance provider reported $1.87 earnings per share for the quarter. The business 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 20th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.2%. Loews's payout ratio is presently 3.97%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "buy (b+)" rating on shares of Loews in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy".

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.

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