Northwestern Mutual Wealth Management Co. Has $278,000 Stock Position in Loews Corporation $L

Key Points

• Northwestern Mutual Wealth Management Co. dramatically increased its stake in Loews Corporation by 100,600% in the first quarter, holding 3,021 shares valued at $278,000 according to its recent SEC filing.
• Loews reported a quarterly revenue of $4.56 billion and earnings per share of $1.87, reflecting a net margin of 7.47% and a return on equity of 7.43%.
• The company declared a quarterly dividend of $0.0625 per share, with a dividend yield of 0.3% and a payout ratio of 3.97%.

Northwestern Mutual Wealth Management Co. boosted its stake in shares of Loews Corporation (NYSE:L - Free Report) by 100,600.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,021 shares of the insurance provider's stock after acquiring an additional 3,018 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Loews were worth $278,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of L. Wayfinding Financial LLC purchased a new position in shares of Loews in the first quarter valued at approximately $25,000. Minot DeBlois Advisors LLC purchased a new position in Loews in the fourth quarter worth approximately $27,000. Sierra Ocean LLC lifted its position in shares of Loews by 805.9% during the 1st quarter. Sierra Ocean LLC now owns 308 shares of the insurance provider's stock worth $28,000 after buying an additional 274 shares during the last quarter. Elequin Capital LP purchased a new stake in shares of Loews during the 1st quarter worth approximately $30,000. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Loews during the 1st quarter worth approximately $33,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Loews Stock Performance

L traded down $0.74 during trading on Monday, hitting $95.90. The stock had a trading volume of 335,048 shares, compared to its average volume of 776,097. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.33 and a current ratio of 0.33. Loews Corporation has a twelve month low of $75.16 and a twelve month high of $97.77. The firm has a market capitalization of $19.89 billion, a P/E ratio of 15.24 and a beta of 0.73. The company's 50-day moving average price is $93.39 and its 200 day moving average price is $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 business had revenue of $4.56 billion for the quarter. Loews had a net margin of 7.47% and a return on equity of 7.43%.

Loews Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 20th were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.3%. The ex-dividend date was 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.