Loews Corporation $L Stock Position Lifted by Baird Financial Group Inc.

Key Points

• Baird Financial Group Inc. increased its stake in Loews Corporation by 172.8% during Q1, now owning 16,433 shares valued at approximately $1.51 million.
• Loews has a current stock price of $96.56 and reported earnings of $1.87 EPS for the most recent quarter, with a revenue of $4.56 billion.
• The company declared a quarterly dividend of $0.0625, resulting in an annualized yield of 0.3%, with a low payout ratio of 3.97%.

Baird Financial Group Inc. boosted its stake in shares of Loews Corporation (NYSE:L - Free Report) by 172.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,433 shares of the insurance provider's stock after purchasing an additional 10,410 shares during the period. Baird Financial Group Inc.'s holdings in Loews were worth $1,510,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new position in Loews during the first quarter valued at approximately $25,000. Minot DeBlois Advisors LLC purchased a new position in Loews during the fourth quarter valued at approximately $27,000. Sierra Ocean LLC grew its position in Loews by 805.9% during the first quarter. Sierra Ocean LLC now owns 308 shares of the insurance provider's stock valued at $28,000 after purchasing an additional 274 shares in the last quarter. Elequin Capital LP purchased a new position in Loews during the first quarter valued at approximately $30,000. Finally, Zions Bancorporation National Association UT purchased a new position in Loews during the first quarter valued at approximately $33,000. 58.33% of the stock is owned by hedge funds and other institutional investors.

Loews Stock Performance

L stock opened at $96.56 on Monday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $20.03 billion, a price-to-earnings ratio of 15.35 and a beta of 0.73. Loews Corporation has a 12 month low of $75.16 and a 12 month high of $97.77. The firm has a 50 day moving average of $93.39 and a two-hundred day moving average of $89.43.

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

Loews Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 20th were given 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 payout ratio is currently 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.

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