Jefferies Financial Group Inc. Sells 2,775 Shares of Loews Corporation (NYSE:L)

Jefferies Financial Group Inc. decreased its position in Loews Corporation (NYSE:L - Free Report) by 36.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,912 shares of the insurance provider's stock after selling 2,775 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Loews were worth $451,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in L. Natixis Advisors LLC grew its stake in shares of Loews by 2.1% in the first quarter. Natixis Advisors LLC now owns 63,430 shares of the insurance provider's stock worth $5,830,000 after acquiring an additional 1,316 shares during the last quarter. NorthRock Partners LLC purchased a new stake in shares of Loews in the first quarter worth $210,000. Bayforest Capital Ltd grew its stake in shares of Loews by 267.2% in the first quarter. Bayforest Capital Ltd now owns 1,241 shares of the insurance provider's stock worth $125,000 after acquiring an additional 903 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of Loews by 3,912.1% in the first quarter. Meeder Asset Management Inc. now owns 8,947 shares of the insurance provider's stock worth $822,000 after acquiring an additional 8,724 shares during the last quarter. Finally, Meeder Advisory Services Inc. grew its stake in shares of Loews by 22.0% in the first quarter. Meeder Advisory Services Inc. now owns 7,929 shares of the insurance provider's stock worth $729,000 after acquiring an additional 1,428 shares during the last quarter. Institutional investors own 58.33% of the company's stock.

Analyst Ratings Changes

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

Loews Stock Performance

Shares of Loews stock traded up $0.55 during trading on Friday, hitting $93.78. 536,605 shares of the company's stock traded hands, compared to its average volume of 774,076. 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 Corporation has a 1 year low of $75.16 and a 1 year high of $94.62. The stock has a market capitalization of $19.45 billion, a P/E ratio of 14.91 and a beta of 0.69. The business has a 50-day simple moving average of $90.62 and a 200-day simple moving average of $87.84.

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

Loews Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 20th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, August 20th. Loews's dividend payout ratio (DPR) is 3.97%.

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.