Loews Corporation $L Stock Holdings Lifted by Ashton Thomas Private Wealth LLC

Key Points

• Ashton Thomas Private Wealth LLC increased its stake in Loews Corporation by 16.2%, owning 21,114 shares now valued at approximately $1.94 million.
• Several institutional investors, including Northern Trust Corp and UBS AM, have also raised their positions in Loews stock, reflecting growing confidence in the insurance provider.
• Loews Corporation announced a quarterly dividend of $0.0625 per share, translating to a 0.3% annual yield, indicating their commitment to returning value to shareholders.

Ashton Thomas Private Wealth LLC lifted its position in Loews Corporation (NYSE:L - Free Report) by 16.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,114 shares of the insurance provider's stock after buying an additional 2,936 shares during the period. Ashton Thomas Private Wealth LLC's holdings in Loews were worth $1,941,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of L. Baird Financial Group Inc. raised its stake in shares of Loews by 4.8% in the 4th quarter. Baird Financial Group Inc. now owns 6,023 shares of the insurance provider's stock worth $510,000 after buying an additional 276 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Loews by 16.2% during the fourth quarter. Cetera Investment Advisers now owns 4,265 shares of the insurance provider's stock worth $361,000 after purchasing an additional 596 shares during the period. Ensign Peak Advisors Inc raised its position in shares of Loews by 30.3% during the fourth quarter. Ensign Peak Advisors Inc now owns 63,663 shares of the insurance provider's stock worth $5,392,000 after purchasing an additional 14,816 shares during the period. Focus Partners Wealth raised its position in shares of Loews by 131.5% during the fourth quarter. Focus Partners Wealth now owns 13,113 shares of the insurance provider's stock worth $1,111,000 after purchasing an additional 7,448 shares during the period. Finally, Gotham Asset Management LLC raised its position in shares of Loews by 18.4% during the fourth quarter. Gotham Asset Management LLC now owns 76,396 shares of the insurance provider's stock worth $6,470,000 after purchasing an additional 11,895 shares during the period. Institutional investors own 58.33% of the company's stock.

Loews Trading Down 0.4%

Shares of Loews stock traded down $0.42 on Monday, reaching $97.23. 70,989 shares of the company were exchanged, compared to its average volume of 772,748. The stock has a fifty day moving average price of $93.87 and a 200-day moving average price of $89.86. The firm has a market capitalization of $20.17 billion, a price-to-earnings ratio of 15.46 and a beta of 0.73. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.43. Loews Corporation has a fifty-two week low of $75.16 and a fifty-two week high of $98.33.

Loews (NYSE:L - Get Free Report) last announced its earnings results on Monday, August 4th. The insurance provider reported $1.87 earnings per share (EPS) for the quarter. The company 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 Dividend Announcement

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