Clare Market Investments LLC Purchases New Shares in Loews Corporation $L

Key Points

• Clare Market Investments LLC acquired 4,945 shares of Loews Corporation during the 2nd quarter, which are valued at approximately $453,000.
• Loews recently reported an earnings per share (EPS) of $1.87 for the last quarter, with a revenue of $4.56 billion.
• The company declared a quarterly dividend of $0.0625 per share, resulting in an annualized dividend yield of 0.3%.

Clare Market Investments LLC purchased a new stake in Loews Corporation (NYSE:L - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,945 shares of the insurance provider's stock, valued at approximately $453,000.

Other large investors have also recently bought and sold shares of the company. Northern Trust Corp increased its stake in shares of Loews by 7.2% in the 1st quarter. Northern Trust Corp now owns 2,249,036 shares of the insurance provider's stock valued at $206,709,000 after buying an additional 151,428 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Loews by 5.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,496,606 shares of the insurance provider's stock valued at $137,553,000 after purchasing an additional 73,197 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Loews by 17.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,423,409 shares of the insurance provider's stock valued at $120,549,000 after buying an additional 207,568 shares during the period. California State Teachers Retirement System grew its stake in shares of Loews by 7.2% during the fourth quarter. California State Teachers Retirement System now owns 758,592 shares of the insurance provider's stock worth $64,245,000 after purchasing an additional 51,028 shares during the period. Finally, Hsbc Holdings PLC raised its position in shares of Loews by 1.3% in the 1st quarter. Hsbc Holdings PLC now owns 724,190 shares of the insurance provider's stock valued at $66,463,000 after acquiring an additional 9,357 shares during the period. Institutional investors and hedge funds own 58.33% of the company's stock.

Loews Trading Up 0.7%

Shares of Loews stock traded up $0.66 during trading hours on Monday, hitting $97.35. The company's stock had a trading volume of 911,872 shares, compared to its average volume of 784,096. The stock has a 50 day moving average of $94.43 and a 200 day moving average of $90.24. Loews Corporation has a 12 month low of $75.16 and a 12 month high of $98.33. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $20.19 billion, a PE ratio of 15.48 and a beta of 0.73.

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

Loews Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 20th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend 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 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.