Loews Corporation $L Shares Acquired by Focus Partners Wealth

Key Points

• Focus Partners Wealth increased its holdings in Loews Corporation by 45.4%, acquiring an additional 5,955 shares, bringing its total ownership to 19,068 shares valued at approximately $1.75 million.
• Loews' latest quarterly earnings reported $1.87 earnings per share and revenue of $4.56 billion, with a net margin of 7.47%.
• The company declared a quarterly dividend of $0.0625 per share, resulting in an annualized dividend yield of 0.3%.

Focus Partners Wealth boosted its stake in Loews Corporation (NYSE:L - Free Report) by 45.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,068 shares of the insurance provider's stock after buying an additional 5,955 shares during the period. Focus Partners Wealth's holdings in Loews were worth $1,753,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of L. Cetera Investment Advisers raised its holdings in Loews by 16.2% in the 4th quarter. Cetera Investment Advisers now owns 4,265 shares of the insurance provider's stock valued at $361,000 after buying an additional 596 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Loews by 4.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,880 shares of the insurance provider's stock valued at $1,768,000 after buying an additional 923 shares during the period. Millennium Management LLC raised its holdings in Loews by 11.3% in the 4th quarter. Millennium Management LLC now owns 104,480 shares of the insurance provider's stock valued at $8,848,000 after buying an additional 10,605 shares during the period. Nomura Holdings Inc. purchased a new stake in Loews in the 4th quarter valued at about $505,000. Finally, ProShare Advisors LLC grew its position in Loews by 5.6% in the 4th quarter. ProShare Advisors LLC now owns 56,480 shares of the insurance provider's stock valued at $4,783,000 after acquiring an additional 2,988 shares in the last quarter. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Loews Trading Up 0.3%

NYSE L traded up $0.33 during trading on Thursday, hitting $97.12. The stock had a trading volume of 971,261 shares, compared to its average volume of 777,545. The company has a market capitalization of $20.15 billion, a PE ratio of 15.44 and a beta of 0.73. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average price of $94.18 and a 200 day moving average price of $90.02. Loews Corporation has a twelve month low of $75.16 and a twelve month high of $98.33.

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

Loews Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 20th were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Wednesday, August 20th. 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.