B. Metzler seel. Sohn & Co. AG Makes New Investment in Loews Corporation $L

Key Points

• B. Metzler seel. Sohn & Co. AG initiated a Loews position in the second quarter by purchasing 27,673 shares valued at approximately $3.13 million. Institutional investors collectively own 58.33% of Loews.
• Loews director Dino Robusto purchased 5,000 shares for $523,700, increasing his position by 95.51%; insiders own 19% of the company. Weiss Ratings upgraded the stock to “buy (a-),” while MarketBeat reports a “Strong Buy” consensus.
• Loews reported quarterly earnings of $2.16 per share on $4.73 billion in revenue and announced a quarterly dividend of $0.0625, equivalent to a $0.25 annual payout and a 0.2% yield.

B. Metzler seel. Sohn & Co. AG purchased a new position in Loews Corporation (NYSE:L - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,673 shares of the insurance provider's stock, valued at approximately $3,133,000.

Several other large investors also recently modified their holdings of the business. DV Equities LLC acquired a new stake in shares of Loews during the fourth quarter worth $25,000. Edmond DE Rothschild Holding S.A. acquired a new position in Loews in the 2nd quarter worth $26,000. Paladin Partners LLC acquired a new position in Loews in the 2nd quarter worth $30,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in Loews during the 3rd quarter worth about $30,000. Finally, SHP Wealth Management bought a new position in Loews during the 4th quarter worth about $35,000. 58.33% of the stock is currently owned by institutional investors.

Insider Transactions at Loews

In related news, Director Dino Robusto bought 5,000 shares of the company's stock in a transaction that occurred on Friday, May 29th. The shares were acquired at an average price of $104.74 per share, for a total transaction of $523,700.00. Following the completion of the acquisition, the director owned 10,235 shares of the company's stock, valued at approximately $1,072,013.90. The trade was a 95.51% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 19.00% of the company's stock.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Loews from a "buy (b+)" rating to a "buy (a-)" rating in a report on Tuesday, July 28th. One 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 Stock Performance

Shares of L opened at $109.85 on Friday. Loews Corporation has a 12 month low of $95.10 and a 12 month high of $121.01. The firm has a fifty day simple moving average of $113.74 and a 200 day simple moving average of $110.18. The stock has a market capitalization of $22.46 billion, a price-to-earnings ratio of 13.46 and a beta of 0.52. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.44.

Loews (NYSE:L - Get Free Report) last released its earnings results on Monday, August 3rd. The insurance provider reported $2.16 earnings per share for the quarter. Loews had a net margin of 9.02% and a return on equity of 8.60%. The business had revenue of $4.73 billion during the quarter.

Loews Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th will be given a $0.0625 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.2%. Loews's payout ratio is currently 3.06%.

Loews Company Profile

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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