Loews Corporation $L Stock Holdings Increased by Capital Fund Management S.A.

Key Points

• Capital Fund Management S.A. increased its stake in Loews Corporation by 30.9%, holding 48,553 shares valued at approximately $4.46 million.
• Wall Street analysts recently upgraded Loews from a "hold" rating to a "buy" rating, indicating positive sentiment towards the company's stock.
• Loews announced a quarterly dividend of $0.0625 per share, translating to an annualized dividend of $0.25 and a yield of 0.3%.

Capital Fund Management S.A. lifted its stake in shares of Loews Corporation (NYSE:L - Free Report) by 30.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,553 shares of the insurance provider's stock after buying an additional 11,454 shares during the quarter. Capital Fund Management S.A.'s holdings in Loews were worth $4,463,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in L. GAMMA Investing LLC grew its position in shares of Loews by 10,114.9% during the first quarter. GAMMA Investing LLC now owns 672,138 shares of the insurance provider's stock worth $61,776,000 after buying an additional 665,558 shares in the last quarter. Nuveen LLC purchased a new stake in Loews during the first quarter worth approximately $34,166,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Loews by 17.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,423,409 shares of the insurance provider's stock worth $120,549,000 after purchasing an additional 207,568 shares during the last quarter. Northern Trust Corp lifted its stake in Loews by 7.2% during the first quarter. Northern Trust Corp now owns 2,249,036 shares of the insurance provider's stock worth $206,709,000 after purchasing an additional 151,428 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Loews by 63.2% during the fourth quarter. BNP Paribas Financial Markets now owns 384,459 shares of the insurance provider's stock worth $32,560,000 after purchasing an additional 148,890 shares during the last quarter. 58.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Loews Stock Up 0.6%

NYSE L traded up $0.60 on Wednesday, reaching $96.50. The company had a trading volume of 617,196 shares, compared to its average volume of 783,739. The firm has a market capitalization of $20.02 billion, a PE ratio of 15.34 and a beta of 0.69. Loews Corporation has a 1 year low of $75.16 and a 1 year high of $97.41. The firm has a 50-day moving average of $92.40 and a 200-day moving average of $88.72. 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 released its quarterly earnings results on Monday, August 4th. The insurance provider reported $1.87 earnings per share for the quarter. The firm 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 20th will be issued a dividend of $0.0625 per share. The ex-dividend date is Wednesday, August 20th. This represents a $0.25 annualized dividend and a yield of 0.3%. 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.