MBB Public Markets I LLC Invests $330,000 in Loews Corporation $L

Key Points

• MBB Public Markets I LLC has acquired a new position in Loews Corporation, buying 3,595 shares valued at approximately $330,000 during the first quarter.
• Loews Corporation reported a quarterly earnings per share (EPS) of $1.87 and a revenue of $4.56 billion for the recent quarter.
• The company has declared a quarterly dividend of $0.0625, with a dividend yield of 0.3% and a payout ratio of 3.97%.

MBB Public Markets I LLC acquired a new position in shares of Loews Corporation (NYSE:L - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,595 shares of the insurance provider's stock, valued at approximately $330,000.

Several other large investors have also added to or reduced their stakes in L. Wayfinding Financial LLC bought a new stake in shares of Loews during the first quarter valued at about $25,000. Sierra Ocean LLC grew its stake 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 acquiring an additional 274 shares in the last quarter. Minot DeBlois Advisors LLC purchased a new position in Loews during the fourth quarter valued at approximately $27,000. Elequin Capital LP bought a new stake in Loews during the 1st quarter worth approximately $30,000. Finally, Zions Bancorporation National Association UT purchased a new stake in Loews in the 1st quarter worth approximately $33,000. Institutional investors own 58.33% of the company's stock.

Loews Price Performance

Shares of L traded up $2.02 during mid-day trading on Thursday, reaching $98.14. 579,772 shares of the stock traded hands, compared to its average volume of 731,465. The company has a market cap of $20.36 billion, a price-to-earnings ratio of 15.28 and a beta of 0.73. Loews Corporation has a 1 year low of $75.16 and a 1 year high of $98.18. The firm has a fifty day moving average price of $93.76 and a 200 day moving average price of $89.71. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.43.

Loews (NYSE:L - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $4.56 billion during the quarter.

Loews Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 20th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $0.25 annualized dividend and a dividend yield of 0.3%. Loews's payout ratio is presently 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.