LPL Financial LLC Has $4.56 Million Stake in Loews Corporation $L

LPL Financial LLC boosted its stake in shares of Loews Corporation (NYSE:L - Free Report) by 22.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 49,659 shares of the insurance provider's stock after buying an additional 9,069 shares during the period. LPL Financial LLC's holdings in Loews were worth $4,564,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. OneDigital Investment Advisors LLC bought a new stake in shares of Loews in the 1st quarter valued at about $224,000. Novem Group bought a new stake in Loews in the 4th quarter valued at $678,000. SG Americas Securities LLC boosted its position in Loews by 589.9% during the first quarter. SG Americas Securities LLC now owns 10,162 shares of the insurance provider's stock worth $934,000 after purchasing an additional 8,689 shares during the period. Moody Lynn & Lieberson LLC bought a new position in shares of Loews in the first quarter valued at about $329,000. Finally, Penserra Capital Management LLC boosted its holdings in shares of Loews by 2,074.6% during the 1st quarter. Penserra Capital Management LLC now owns 10,351 shares of the insurance provider's stock worth $950,000 after buying an additional 9,875 shares during the period. Institutional investors own 58.33% of the company's stock.

Wall Street Analyst Weigh In

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

Loews Stock Performance

NYSE L traded down $0.32 on Monday, reaching $94.69. The stock had a trading volume of 103,540 shares, compared to its average volume of 774,910. Loews Corporation has a 1-year low of $75.16 and a 1-year high of $96.10. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market cap of $19.64 billion, a P/E ratio of 15.05 and a beta of 0.69. The firm has a fifty day moving average of $91.20 and a two-hundred day moving average of $88.20.

Loews (NYSE:L - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The insurance provider reported $1.87 EPS 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 20th will be paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Wednesday, August 20th. Loews's payout ratio is 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.