Focus Partners Wealth Increases Stock Holdings in Loews Corporation $L

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 position in shares of Loews Corporation (NYSE:L - Free Report) by 45.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,068 shares of the insurance provider's stock after acquiring an additional 5,955 shares during the period. Focus Partners Wealth's holdings in Loews were worth $1,753,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new position in Loews during the first quarter worth about $25,000. Sierra Ocean LLC boosted its stake in Loews by 805.9% during the 1st quarter. Sierra Ocean LLC now owns 308 shares of the insurance provider's stock valued at $28,000 after purchasing an additional 274 shares during the period. Elequin Capital LP bought a new stake in shares of Loews during the 1st quarter worth about $30,000. Zions Bancorporation National Association UT acquired a new stake in shares of Loews in the first quarter valued at $33,000. Finally, NBC Securities Inc. acquired a new stake in shares of Loews during the first quarter worth $40,000. Hedge funds and other institutional investors own 58.33% of the company's stock.

Loews Stock Down 0.5%

Shares of L stock traded down $0.51 on Friday, hitting $96.53. The company's stock had a trading volume of 2,314,098 shares, compared to its average volume of 715,779. Loews Corporation has a fifty-two week low of $75.16 and a fifty-two week high of $98.33. The stock has a market capitalization of $20.02 billion, a price-to-earnings ratio of 15.35 and a beta of 0.73. The firm's fifty day moving average price is $94.43 and its 200-day moving average price is $90.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.33 and a quick ratio of 0.33.

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

Loews Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 20th were paid a $0.0625 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $0.25 dividend on an annualized basis and a yield of 0.3%. Loews's dividend payout ratio is 3.97%.

Loews Company 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.