Janus Henderson Group PLC Has $4.96 Million Position in Loews Corporation $L

Key Points

• Janus Henderson Group doubled its Loews position in the first quarter, acquiring 23,303 additional shares for a total holding of 46,449 shares valued at approximately $4.96 million. Institutional investors collectively own 58.33% of Loews.
• Loews received a stronger rating from Weiss Ratings, upgraded 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 announced a quarterly dividend of $0.0625, equal to an annualized $0.25 payout and a 0.2% yield.

Janus Henderson Group PLC increased its position in shares of Loews Corporation (NYSE:L - Free Report) by 100.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,449 shares of the insurance provider's stock after acquiring an additional 23,303 shares during the period. Janus Henderson Group PLC's holdings in Loews were worth $4,958,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Lido Advisors LLC boosted its holdings in shares of Loews by 3.9% in the 1st quarter. Lido Advisors LLC now owns 2,594 shares of the insurance provider's stock valued at $277,000 after purchasing an additional 97 shares in the last quarter. Hancock Whitney Corp raised its holdings in shares of Loews by 3.9% during the 3rd quarter. Hancock Whitney Corp now owns 2,618 shares of the insurance provider's stock worth $263,000 after buying an additional 98 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in shares of Loews by 0.3% during the 4th quarter. IFM Investors Pty Ltd now owns 31,867 shares of the insurance provider's stock worth $3,356,000 after buying an additional 100 shares in the last quarter. Independent Advisor Alliance lifted its position in shares of Loews by 4.3% during the 4th quarter. Independent Advisor Alliance now owns 2,603 shares of the insurance provider's stock worth $274,000 after buying an additional 107 shares during the last quarter. Finally, Ballentine Partners LLC boosted its stake in shares of Loews by 2.7% in the 4th quarter. Ballentine Partners LLC now owns 4,197 shares of the insurance provider's stock valued at $442,000 after purchasing an additional 111 shares in the last quarter. 58.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Loews news, Director Dino Robusto purchased 5,000 shares of the company's stock in a transaction on Friday, May 29th. The shares were purchased at an average cost of $104.74 per share, with a total value of $523,700.00. Following the completion of the purchase, the director owned 10,235 shares in the company, valued at $1,072,013.90. This represents a 95.51% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 19.00% of the company's stock.

Loews Price Performance

Shares of NYSE L opened at $115.84 on Friday. The company has a market capitalization of $23.68 billion, a PE ratio of 14.20 and a beta of 0.52. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.44. Loews Corporation has a twelve month low of $92.93 and a twelve month high of $121.01. The firm has a fifty day simple moving average of $112.30 and a 200 day simple moving average of $109.48.

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

Loews Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Wednesday, August 19th. Loews's payout ratio is presently 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.

Want to see what other hedge funds are holding L? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Loews Corporation (NYSE:L - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source