Advisory Alpha LLC Buys New Position in 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 bought a new stake in Loews Corporation (NYSE:L - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,095 shares of the insurance provider's stock, valued at approximately $284,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wayfinding Financial LLC acquired a new stake in Loews in the 1st quarter valued at approximately $25,000. Minot DeBlois Advisors LLC acquired a new stake in Loews in the 4th quarter valued at approximately $27,000. Sierra Ocean LLC raised its position in Loews by 805.9% in the 1st quarter. Sierra Ocean LLC now owns 308 shares of the insurance provider's stock valued at $28,000 after buying an additional 274 shares during the last quarter. Elequin Capital LP acquired a new position in shares of Loews during the 1st quarter worth approximately $30,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Loews during the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 58.33% of the company's stock.

Loews Stock Up 0.2%

NYSE:L opened at $96.09 on Thursday. The firm has a market capitalization of $19.93 billion, a price-to-earnings ratio of 15.28 and a beta of 0.73. Loews Corporation has a twelve month low of $75.16 and a twelve month high of $97.77. The stock's 50 day moving average price is $93.65 and its two-hundred day moving average price is $89.61. 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 - Get Free Report) last posted 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. Shareholders of record on Wednesday, August 20th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $0.25 annualized dividend and a dividend yield of 0.3%. Loews's payout ratio is 3.97%.

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.

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