OMERS ADMINISTRATION Corp Lowers Position in Loews Corporation $L

Key Points

• OMERS ADMINISTRATION Corp significantly reduced its holdings in Loews Corporation by 65.3%, now owning 6,768 shares valued at approximately $622,000.
• A range of institutional investors have also adjusted their stakes in Loews, with SG Americas Securities LLC increasing its stake by a staggering 589.9%, currently owning 10,162 shares valued at about $934,000.
• Loews Corporation recently declared a quarterly dividend of $0.0625 per share, representing an annual dividend yield of 0.3% and a payout ratio of 3.97%.

OMERS ADMINISTRATION Corp decreased its position in shares of Loews Corporation (NYSE:L - Free Report) by 65.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 6,768 shares of the insurance provider's stock after selling 12,725 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Loews were worth $622,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Loews by 10,114.9% during the 1st quarter. GAMMA Investing LLC now owns 672,138 shares of the insurance provider's stock worth $61,776,000 after purchasing an additional 665,558 shares in the last quarter. Nuveen LLC purchased a new stake in Loews during the 1st quarter worth about $34,166,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Loews by 17.1% during the 4th 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 in the last quarter. Northern Trust Corp lifted its holdings in Loews by 7.2% during the 1st 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 in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Loews by 63.2% during the 4th 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 in the last quarter. Institutional investors own 58.33% of the company's stock.

Loews Price Performance

L traded down $0.97 during trading on Friday, reaching $96.56. 770,458 shares of the company were exchanged, compared to its average volume of 702,206. The company's 50-day moving average is $93.39 and its two-hundred day moving average is $89.34. The company has a market cap of $20.03 billion, a price-to-earnings ratio of 15.35 and a beta of 0.73. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.43. Loews Corporation has a 12-month low of $75.16 and a 12-month high of $97.77.

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

Loews Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 20th were issued a $0.0625 dividend. 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 dividend payout ratio (DPR) 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.