AG2R LA Mondiale Gestion D Actifs Takes Position in Loews Corporation $L

Key Points

• AG2R LA Mondiale Gestion D Actifs invested $834,000 in Loews Corporation, acquiring 9,342 shares during the first quarter, according to their recent SEC filing.
• Loews Corporation reported a quarterly earnings per share of $1.87, with a net margin of 7.47% and revenue of $4.56 billion.
• The company declared a quarterly dividend of $0.0625, translating to an annualized dividend of $0.25, resulting in a dividend yield of 0.3%.

AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Loews Corporation (NYSE:L - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,342 shares of the insurance provider's stock, valued at approximately $834,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Swedbank AB grew its holdings in shares of Loews by 44.8% during the first quarter. Swedbank AB now owns 556,350 shares of the insurance provider's stock worth $51,134,000 after buying an additional 172,004 shares during the last quarter. Voya Investment Management LLC lifted its position in Loews by 4.5% in the first quarter. Voya Investment Management LLC now owns 242,160 shares of the insurance provider's stock valued at $22,257,000 after purchasing an additional 10,328 shares during the period. Strs Ohio acquired a new stake in Loews in the first quarter valued at about $3,165,000. Focus Partners Wealth lifted its position in Loews by 45.4% in the first quarter. Focus Partners Wealth now owns 19,068 shares of the insurance provider's stock valued at $1,753,000 after purchasing an additional 5,955 shares during the period. Finally, Jane Street Group LLC lifted its position in Loews by 218.1% in the first quarter. Jane Street Group LLC now owns 142,050 shares of the insurance provider's stock valued at $13,056,000 after purchasing an additional 97,391 shares during the period. Hedge funds and other institutional investors own 58.33% of the company's stock.

Loews Stock Performance

NYSE:L traded down $0.41 during mid-day trading on Friday, reaching $96.64. The stock had a trading volume of 161,003 shares, compared to its average volume of 774,052. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market capitalization of $20.04 billion, a price-to-earnings ratio of 15.37 and a beta of 0.73. Loews Corporation has a twelve month low of $75.16 and a twelve month high of $98.33. The business has a 50 day simple moving average of $94.31 and a 200 day simple moving average of $90.09.

Loews (NYSE:L - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The insurance provider reported $1.87 EPS for the quarter. The firm had revenue of $4.56 billion during the quarter. Loews had a net margin of 7.47% and a return on equity of 7.43%.

Loews Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 20th were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Wednesday, August 20th. Loews's dividend payout ratio (DPR) is presently 3.97%.

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.