Swedbank AB Has $51.13 Million Holdings in Loews Corporation $L

Key Points

• Swedbank AB increased its holdings in Loews Corporation by 44.8%, acquiring a total of 556,350 shares valued at approximately $51.13 million.
• Loews Corporation reported earnings of $1.87 EPS and revenue of $4.56 billion for the recent quarter, with a net margin of 7.47%.
• The company recently declared a quarterly dividend of $0.0625 per share, representing an annualized dividend of $0.25 and a yield of 0.3%.

Swedbank AB lifted its position in Loews Corporation (NYSE:L - Free Report) by 44.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 556,350 shares of the insurance provider's stock after buying an additional 172,004 shares during the quarter. Swedbank AB owned about 0.27% of Loews worth $51,134,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Jane Street Group LLC grew its stake in shares of Loews by 218.1% in the 1st quarter. Jane Street Group LLC now owns 142,050 shares of the insurance provider's stock valued at $13,056,000 after buying an additional 97,391 shares in the last quarter. OneDigital Investment Advisors LLC bought a new stake in shares of Loews in the 1st quarter valued at approximately $224,000. American Century Companies Inc. grew its stake in shares of Loews by 7.4% in the 1st quarter. American Century Companies Inc. now owns 96,249 shares of the insurance provider's stock valued at $8,846,000 after buying an additional 6,660 shares in the last quarter. Novem Group bought a new stake in shares of Loews in the 4th quarter valued at approximately $678,000. Finally, SG Americas Securities LLC grew its stake in shares of Loews by 589.9% in the 1st quarter. SG Americas Securities LLC now owns 10,162 shares of the insurance provider's stock valued at $934,000 after buying an additional 8,689 shares in the last quarter. Institutional investors own 58.33% of the company's stock.

Loews Stock Down 0.7%

Shares of NYSE L traded down $0.70 during trading hours on Monday, hitting $96.95. The stock had a trading volume of 635,511 shares, compared to its average volume of 719,246. The company has a market capitalization of $20.11 billion, a P/E ratio of 15.41 and a beta of 0.73. The firm's 50-day moving average price is $93.98 and its two-hundred day moving average price is $89.93. Loews Corporation has a 52 week low of $75.16 and a 52 week high of $98.33. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.33 and a current ratio of 0.33.

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. Loews had a return on equity of 7.43% and a net margin of 7.47%.The firm had revenue of $4.56 billion during the quarter.

Loews Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 20th were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.3%. The ex-dividend date was Wednesday, August 20th. Loews's payout ratio is 3.97%.

Loews Company 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.