SG Americas Securities LLC Acquires 8,689 Shares of Loews Corporation (NYSE:L)

SG Americas Securities LLC increased its position in shares of Loews Corporation (NYSE:L - Free Report) by 589.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,162 shares of the insurance provider's stock after acquiring an additional 8,689 shares during the quarter. SG Americas Securities LLC's holdings in Loews were worth $934,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in L. Halbert Hargrove Global Advisors LLC bought a new position in shares of Loews during the fourth quarter worth about $26,000. Minot DeBlois Advisors LLC acquired a new stake in shares of Loews in the fourth quarter valued at approximately $27,000. Itau Unibanco Holding S.A. lifted its position in shares of Loews by 387.6% in the fourth quarter. Itau Unibanco Holding S.A. now owns 434 shares of the insurance provider's stock valued at $37,000 after buying an additional 345 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of Loews in the first quarter valued at approximately $40,000. Finally, UMB Bank n.a. lifted its holdings in 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 during the last quarter. Institutional investors and hedge funds own 58.33% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Loews from a "hold" rating to a "buy" rating in a research note on Tuesday, May 6th.

Insider Buying and Selling

In related news, SVP Richard Waldo Scott sold 9,019 shares of the business's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $87.92, for a total transaction of $792,950.48. Following the sale, the senior vice president now owns 33,901 shares in the company, valued at $2,980,575.92. The trade was a 21.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 19.00% of the stock is currently owned by corporate insiders.

Loews Price Performance

Loews stock opened at $88.40 on Thursday. The stock's fifty day moving average price is $87.51 and its two-hundred day moving average price is $86.06. Loews Corporation has a one year low of $73.15 and a one year high of $92.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market cap of $18.54 billion, a PE ratio of 14.52 and a beta of 0.71.

Loews (NYSE:L - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The insurance provider reported $1.74 earnings per share (EPS) for the quarter. Loews had a return on equity of 7.43% and a net margin of 7.47%. The company had revenue of $4.49 billion for the quarter.

Loews Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were given a dividend of $0.0625 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.25 dividend on an annualized basis and a yield of 0.28%. Loews's dividend payout ratio is currently 4.11%.

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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