Jane Street Group LLC Purchases 97,391 Shares of Loews Corporation $L

Key Points

• Jane Street Group LLC increased its stake in Loews Corporation by 218.1% in Q1, owning 142,050 shares worth approximately $13.06 million after acquiring an additional 97,391 shares.
• Other institutional investors, such as GAMMA Investing LLC and Millennium Management LLC, have also significantly increased their holdings in Loews, indicating strong institutional interest in the company.
• Loews Corporation recently declared a quarterly dividend of $0.0625, reflecting a 0.3% dividend yield and a dividend payout ratio of 3.97% as of the latest financial report.

Jane Street Group LLC lifted its stake in shares of Loews Corporation (NYSE:L - Free Report) by 218.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 142,050 shares of the insurance provider's stock after buying an additional 97,391 shares during the period. Jane Street Group LLC owned about 0.07% of Loews worth $13,056,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of L. Miracle Mile Advisors LLC increased its holdings in Loews by 3.5% in the first quarter. Miracle Mile Advisors LLC now owns 3,855 shares of the insurance provider's stock valued at $354,000 after purchasing an additional 130 shares during the period. Signaturefd LLC increased its holdings in Loews by 4.0% in the first quarter. Signaturefd LLC now owns 3,940 shares of the insurance provider's stock valued at $362,000 after purchasing an additional 152 shares during the period. Salvus Wealth Management LLC increased its holdings in Loews by 1.4% in the first quarter. Salvus Wealth Management LLC now owns 11,848 shares of the insurance provider's stock valued at $1,089,000 after purchasing an additional 165 shares during the period. Flynn Zito Capital Management LLC increased its holdings in Loews by 5.9% in the first quarter. Flynn Zito Capital Management LLC now owns 3,309 shares of the insurance provider's stock valued at $304,000 after purchasing an additional 183 shares during the period. Finally, UMB Bank n.a. grew its holdings in Loews by 80.1% during the 1st quarter. UMB Bank n.a. now owns 470 shares of the insurance provider's stock worth $43,000 after acquiring an additional 209 shares during the period. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Loews Trading Up 0.3%

Loews stock traded up $0.33 during trading hours on Thursday, reaching $97.12. 971,261 shares of the company's stock were exchanged, compared to its average volume of 777,545. The firm has a market capitalization of $20.15 billion, a PE ratio of 15.44 and a beta of 0.73. The firm's 50 day simple moving average is $94.18 and its 200 day simple moving average is $90.02. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.43. 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 announced 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 business had revenue of $4.56 billion for the quarter.

Loews Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 20th were issued 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 dividend payout ratio (DPR) 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.