Sequoia Financial Advisors LLC Has $924,000 Position in Loews Corporation $L

Key Points

• Sequoia Financial Advisors LLC increased its position in Loews Corporation by 156.3% in the second quarter, holding shares valued at $924,000 after purchasing an additional 6,146 shares.
• Loews Corporation recently announced a $0.0625 quarterly dividend, translating to an annualized yield of 0.3%, with a payout ratio of 3.97%.
• An analyst has rated Loews stock with a Buy rating, contributing to a current consensus rating of "Buy" according to data from MarketBeat.com.

Sequoia Financial Advisors LLC increased its position in shares of Loews Corporation (NYSE:L - Free Report) by 156.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,077 shares of the insurance provider's stock after buying an additional 6,146 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Loews were worth $924,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. CWM LLC grew its position in Loews by 27.8% during the second quarter. CWM LLC now owns 5,640 shares of the insurance provider's stock worth $517,000 after buying an additional 1,227 shares in the last quarter. Board of the Pension Protection Fund acquired a new stake in Loews during the second quarter valued at approximately $1,430,000. Vanguard Personalized Indexing Management LLC boosted its holdings in Loews by 11.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 37,489 shares of the insurance provider's stock valued at $3,436,000 after purchasing an additional 3,755 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in Loews during the second quarter valued at approximately $206,000. Finally, Benson Investment Management Company Inc. acquired a new stake in Loews during the second quarter valued at approximately $5,551,000. 58.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "buy (b+)" rating on shares of Loews in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy".

Loews Stock Up 0.6%

Loews stock opened at $98.79 on Friday. The company's 50-day moving average price is $97.93 and its two-hundred day moving average price is $91.95. Loews Corporation has a twelve month low of $75.16 and a twelve month high of $103.52. The stock has a market cap of $20.49 billion, a P/E ratio of 15.71 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 (NYSE:L - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The insurance provider reported $1.87 EPS for the quarter. The business had revenue of $4.56 billion during the quarter. Loews had a net margin of 7.47% and a return on equity of 7.43%.

Loews Announces Dividend

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

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