Advisory Alpha LLC Buys Shares of 3,095 Loews Corporation $L

Key Points

• Advisory Alpha LLC has purchased a new stake in Loews Corporation, acquiring 3,095 shares valued at approximately $284,000 during the first quarter of the year.
• Loews recently announced a quarterly dividend of $0.0625 per share, with an annualized dividend yield of 0.3% and a payout ratio of 3.97%.
• As of the latest report, Loews Corporation's stock has a market capitalization of $19.93 billion and has seen a 0.2% price increase recently.

Advisory Alpha LLC acquired a new stake in Loews Corporation (NYSE:L - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,095 shares of the insurance provider's stock, valued at approximately $284,000.

Several other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in Loews by 10,114.9% in the 1st quarter. GAMMA Investing LLC now owns 672,138 shares of the insurance provider's stock valued at $61,776,000 after acquiring an additional 665,558 shares during the last quarter. Nuveen LLC acquired a new stake in Loews during the 1st quarter worth approximately $34,166,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Loews by 17.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,423,409 shares of the insurance provider's stock worth $120,549,000 after purchasing an additional 207,568 shares in the last quarter. Northern Trust Corp grew its position in Loews by 7.2% in the first quarter. Northern Trust Corp now owns 2,249,036 shares of the insurance provider's stock valued at $206,709,000 after acquiring an additional 151,428 shares in the last quarter. Finally, Millennium Management LLC grew its position in Loews by 140.4% in the first quarter. Millennium Management LLC now owns 251,175 shares of the insurance provider's stock valued at $23,085,000 after acquiring an additional 146,695 shares in the last quarter. 58.33% of the stock is owned by institutional investors and hedge funds.

Loews Stock Down 0.9%

Shares of L stock traded down $0.89 during mid-day trading on Tuesday, reaching $96.04. 151,794 shares of the company were exchanged, compared to its average volume of 772,446. The business's 50 day simple moving average is $93.98 and its 200 day simple moving average is $89.93. Loews Corporation has a fifty-two week low of $75.16 and a fifty-two week high of $98.33. The company has a market capitalization of $19.92 billion, a P/E ratio of 15.28 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 - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The insurance provider reported $1.87 earnings per share for the quarter. Loews had a net margin of 7.47% and a return on equity of 7.43%. The business had revenue of $4.56 billion for the quarter.

Loews Dividend Announcement

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.