Anfield Capital Management LLC Takes Position in Loews Corporation $L

Key Points

• Anfield Capital Management bought a new stake of 20,134 Loews shares (~$2.12M) in Q4, and several other institutions also added positions—overall institutional ownership is about 58.33%.
• Wall Street sentiment is bullish: Weiss Ratings reaffirmed a "buy (a-)" and MarketBeat shows a consensus "Strong Buy"; Loews most recently reported $1.63 EPS on $4.56 billion revenue and trades with a P/E of 13.29.
• Insiders have been net sellers recently (including Director Andrew H. Tisch selling 50,000 shares for ~$5.44M), while the company pays a modest quarterly dividend of $0.0625 ($0.25 annual, ~0.2% yield).

Anfield Capital Management LLC bought a new stake in shares of Loews Corporation (NYSE:L - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 20,134 shares of the insurance provider's stock, valued at approximately $2,120,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. CPC Advisors LLC acquired a new stake in shares of Loews during the 3rd quarter valued at approximately $6,568,000. Cibc World Market Inc. raised its position in shares of Loews by 448.6% during the 3rd quarter. Cibc World Market Inc. now owns 24,540 shares of the insurance provider's stock valued at $2,464,000 after acquiring an additional 20,067 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of Loews during the 3rd quarter valued at approximately $2,748,000. Truist Financial Corp raised its position in shares of Loews by 388.3% during the 3rd quarter. Truist Financial Corp now owns 14,331 shares of the insurance provider's stock valued at $1,439,000 after acquiring an additional 11,396 shares in the last quarter. Finally, Rakuten Investment Management Inc. acquired a new stake in shares of Loews during the 3rd quarter valued at approximately $3,827,000. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "buy (a-)" rating on shares of Loews in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Strong Buy".

Loews Price Performance

Shares of NYSE L opened at $104.60 on Friday. Loews Corporation has a 1-year low of $86.77 and a 1-year high of $114.90. The firm has a market capitalization of $21.52 billion, a PE ratio of 13.29 and a beta of 0.56. The business's fifty day moving average price is $108.88 and its two-hundred day moving average price is $106.28. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.36 and a quick ratio of 0.36.

Loews (NYSE:L - Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The insurance provider reported $1.63 EPS for the quarter. The company had revenue of $4.56 billion for the quarter. Loews had a return on equity of 8.51% and a net margin of 8.83%.

Loews Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, February 25th. Loews's dividend payout ratio (DPR) is 3.18%.

Insider Activity

In other news, Director Andrew H. Tisch sold 50,000 shares of the firm's stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $108.81, for a total transaction of $5,440,500.00. Following the transaction, the director directly owned 12,480,400 shares of the company's stock, valued at approximately $1,357,992,324. This trade represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Marc A. Alpert sold 3,495 shares of the firm's stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $109.87, for a total value of $383,995.65. Following the transaction, the vice president directly owned 16,325 shares in the company, valued at $1,793,627.75. This trade represents a 17.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 105,417 shares of company stock valued at $11,549,723. Company insiders own 19.00% of the company's stock.

About Loews

Loews Corporation NYSE: L is a diversified holding company that owns and operates businesses across insurance, hospitality, energy-related operations and other industrial and investment activities. The company holds controlling and significant minority interests in subsidiaries that run as standalone businesses, with corporate oversight focused on capital allocation, risk management and long-term value creation for shareholders.

One of Loews' principal businesses is insurance, conducted through CNA Financial, a commercial property and casualty insurer that underwrites a range of business insurance products for corporate and institutional clients.

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