Compass Financial Management LLC Takes Position in Loews Corporation $L

Key Points

• Compass Financial Management acquired 14,608 shares of Loews in the second quarter, valued at approximately $1.65 million. Institutional investors and hedge funds collectively own 58.33% of the company.
• Weiss Ratings upgraded Loews from “buy (b+)” to “buy (a-),” while MarketBeat reports an average analyst rating of “Strong Buy.”
• Loews reported quarterly EPS of $2.16 on $4.73 billion in revenue and declared a quarterly dividend of $0.0625 per share, equivalent to a 0.2% annualized yield.

Compass Financial Management LLC purchased a new stake in Loews Corporation (NYSE:L - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,608 shares of the insurance provider's stock, valued at approximately $1,654,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in L. Edmond DE Rothschild Holding S.A. acquired a new stake in Loews in the 2nd quarter valued at about $26,000. Fiduciary Financial Advisors acquired a new position in shares of Loews during the second quarter worth approximately $26,000. DV Equities LLC bought a new stake in shares of Loews during the fourth quarter valued at approximately $25,000. Keating Financial Advisory Services Inc. bought a new stake in shares of Loews during the second quarter valued at approximately $28,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in shares of Loews in the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 58.33% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Loews from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Strong Buy".

Loews Price Performance

Shares of L stock opened at $109.22 on Friday. The stock has a 50-day moving average price of $113.81 and a 200 day moving average price of $110.21. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.44. The firm has a market cap of $22.33 billion, a price-to-earnings ratio of 13.38 and a beta of 0.51. Loews Corporation has a 12 month low of $95.10 and a 12 month high of $121.01.

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

Loews Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were paid 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, August 19th. Loews's payout ratio is 3.06%.

Loews 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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