Fjarde AP Fonden Fourth Swedish National Pension Fund Has $9.77 Million Holdings in Loews Corporation $L

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Loews Corporation by 20.7% in Q1, owning approximately $9.77 million worth, as per its latest SEC filing.
• Loews has recently received an upgrade from Wall Street Zen, moving from a "hold" rating to a "buy" rating.
• The company declared a quarterly dividend of $0.0625 per share, with a dividend yield of 0.3%, scheduled for payment on September 2nd.

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Loews Corporation (NYSE:L - Free Report) by 20.7% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 106,285 shares of the insurance provider's stock after buying an additional 18,236 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund owned 0.05% of Loews worth $9,769,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in shares of Loews by 3.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 173,823 shares of the insurance provider's stock worth $14,721,000 after purchasing an additional 6,055 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Loews during the fourth quarter worth approximately $4,876,000. Townsquare Capital LLC acquired a new stake in Loews during the fourth quarter worth approximately $671,000. Canada Post Corp Registered Pension Plan acquired a new stake in Loews during the fourth quarter worth approximately $278,000. Finally, Guggenheim Capital LLC boosted its position in Loews by 37.1% during the fourth quarter. Guggenheim Capital LLC now owns 19,937 shares of the insurance provider's stock worth $1,688,000 after acquiring an additional 5,398 shares during the last quarter. 58.33% of the stock is owned by hedge funds and other institutional investors.

Loews Stock Down 0.4%

Loews stock traded down $0.34 during midday trading on Monday, hitting $94.66. 853,199 shares of the stock were exchanged, compared to its average volume of 779,763. Loews Corporation has a 1 year low of $75.16 and a 1 year high of $96.10. 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 firm has a market cap of $19.63 billion, a P/E ratio of 15.05 and a beta of 0.69. The company has a 50 day moving average price of $91.32 and a two-hundred day moving average price of $88.27.

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

Loews Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 20th will be issued a dividend of $0.0625 per share. The ex-dividend date is 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%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Loews from a "hold" rating to a "buy" rating in a report on Tuesday, May 6th.

Loews Profile

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.