Robeco Institutional Asset Management B.V. Has $38.23 Million Stock Position in Loews Corporation $L

Key Points

• Robeco Institutional Asset Management B.V. has reduced its stake in Loews Corporation by 15.7%, now holding approximately $38.23 million in shares.
• Loews recently reported earnings per share of $1.87 and revenue of $4.56 billion for the quarter, with a dividend yield of 0.2%.
• Institutional investors currently own about 58.33% of Loews stock, reflecting significant interest from various hedge funds.

Robeco Institutional Asset Management B.V. reduced its holdings in Loews Corporation (NYSE:L - Free Report) by 15.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 417,098 shares of the insurance provider's stock after selling 77,634 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.20% of Loews worth $38,231,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC lifted its position in shares of Loews by 27.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,486 shares of the insurance provider's stock valued at $1,227,000 after acquiring an additional 3,140 shares during the period. NBC Securities Inc. acquired a new position in shares of Loews during the first quarter valued at about $40,000. UMB Bank n.a. boosted its position in shares of Loews by 80.1% during the 1st quarter. UMB Bank n.a. now owns 470 shares of the insurance provider's stock worth $43,000 after purchasing an additional 209 shares in the last quarter. Miracle Mile Advisors LLC grew its stake in shares of Loews by 3.5% in the 1st quarter. Miracle Mile Advisors LLC now owns 3,855 shares of the insurance provider's stock valued at $354,000 after buying an additional 130 shares during the period. Finally, Park Avenue Securities LLC increased its position in Loews by 19.6% in the 1st quarter. Park Avenue Securities LLC now owns 6,770 shares of the insurance provider's stock valued at $622,000 after buying an additional 1,111 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors.

Loews Price Performance

L stock opened at $101.68 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.33 and a current ratio of 0.33. The business has a 50-day simple moving average of $96.08 and a two-hundred day simple moving average of $91.16. The company has a market capitalization of $21.09 billion, a P/E ratio of 16.17 and a beta of 0.73. Loews Corporation has a 52-week low of $75.16 and a 52-week high of $102.41.

Loews (NYSE:L - Get Free Report) last posted its earnings results on Monday, August 4th. The insurance provider reported $1.87 earnings per share for the quarter. The company 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 20th were paid a $0.0625 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $0.25 annualized dividend and a dividend yield of 0.2%. Loews's dividend payout ratio is presently 3.97%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "buy (b+)" rating on shares of Loews in a report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy".

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.

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