Regency Capital Management Inc. DE Takes Position in Loews Corporation $L

Key Points

• Regency Capital Management Inc. DE has acquired a new stake in Loews Corporation, purchasing 13,641 shares valued at approximately $1,250,000 during the second quarter.
• Loews Corporation recently reported earnings of $1.87 EPS for the quarter, with a revenue of $4.56 billion and a net margin of 7.47%.
• The company announced a quarterly dividend of $0.0625 per share, representing a 0.2% dividend yield and a payout ratio of 3.97%.

Regency Capital Management Inc. DE bought a new stake in shares of Loews Corporation (NYSE:L - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,641 shares of the insurance provider's stock, valued at approximately $1,250,000.

Other large investors have also added to or reduced their stakes in the company. NBC Securities Inc. bought a new position in shares of Loews during the 1st quarter worth approximately $40,000. UMB Bank n.a. increased its stake in shares of Loews by 80.1% in the 1st quarter. UMB Bank n.a. now owns 470 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 209 shares in the last quarter. Miracle Mile Advisors LLC lifted its position in shares of Loews by 3.5% during the 1st quarter. Miracle Mile Advisors LLC now owns 3,855 shares of the insurance provider's stock valued at $354,000 after acquiring an additional 130 shares during the period. Park Avenue Securities LLC boosted its stake in Loews by 19.6% during the first quarter. Park Avenue Securities LLC now owns 6,770 shares of the insurance provider's stock worth $622,000 after acquiring an additional 1,111 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Loews by 65.5% during the first quarter. Farther Finance Advisors LLC now owns 4,254 shares of the insurance provider's stock worth $392,000 after acquiring an additional 1,683 shares in the last quarter. Institutional investors and hedge funds own 58.33% of the company's stock.

Loews Trading Up 0.7%

Shares of Loews stock opened at $102.38 on Tuesday. The company has a market capitalization of $21.24 billion, a P/E ratio of 16.28 and a beta of 0.73. The stock has a fifty day simple moving average of $96.32 and a 200 day simple moving average of $91.31. Loews Corporation has a 12-month low of $75.16 and a 12-month high of $102.84. 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 announced its 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 company had revenue of $4.56 billion during the quarter.

Loews Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 20th were given 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 0.2%. Loews's dividend payout ratio (DPR) is currently 3.97%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "buy (b+)" rating on shares of Loews in a research note on Saturday, September 27th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy".

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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