TD Asset Management Inc Lowers Stock Holdings in Loews Corporation $L

Key Points

• TD Asset Management Inc reduced its stake in Loews Corporation by 6.2%, lowering their holdings to approximately 257,916 shares valued at $23.64 million as of the end of the second quarter.
• Loews Corporation recently announced a quarterly dividend of $0.0625 per share, resulting in an annualized dividend of $0.25 and a yield of 0.3%.
• The company reported earnings of $1.87 per share for the last quarter, with a net margin of 7.47% and revenue of $4.56 billion.

TD Asset Management Inc lowered its position in shares of Loews Corporation (NYSE:L - Free Report) by 6.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 257,916 shares of the insurance provider's stock after selling 17,155 shares during the period. TD Asset Management Inc owned about 0.12% of Loews worth $23,641,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of L. Aaron Wealth Advisors LLC lifted its position in Loews by 3.9% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 3,754 shares of the insurance provider's stock worth $344,000 after buying an additional 142 shares during the last quarter. BSW Wealth Partners raised its stake in shares of Loews by 5.4% during the second quarter. BSW Wealth Partners now owns 2,812 shares of the insurance provider's stock worth $258,000 after acquiring an additional 143 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Loews by 4.0% in the 1st quarter. Signaturefd LLC now owns 3,940 shares of the insurance provider's stock worth $362,000 after acquiring an additional 152 shares during the last quarter. Flynn Zito Capital Management LLC boosted its stake in shares of Loews by 5.9% in the 1st quarter. Flynn Zito Capital Management LLC now owns 3,309 shares of the insurance provider's stock valued at $304,000 after purchasing an additional 183 shares in the last quarter. Finally, Contravisory Investment Management Inc. grew its holdings in shares of Loews by 2.3% during the 2nd quarter. Contravisory Investment Management Inc. now owns 9,577 shares of the insurance provider's stock valued at $878,000 after purchasing an additional 213 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors.

Loews Price Performance

Shares of Loews stock opened at $98.79 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.33 and a quick ratio of 0.33. Loews Corporation has a one year low of $75.16 and a one year high of $103.52. The business's 50 day simple moving average is $97.93 and its two-hundred day simple moving average is $91.95. The stock has a market capitalization of $20.49 billion, a P/E ratio of 15.71 and a beta of 0.73.

Loews (NYSE:L - Get Free Report) last issued its earnings results on Monday, August 4th. The insurance provider reported $1.87 earnings per share (EPS) for the quarter. Loews had a net margin of 7.47% and a return on equity of 7.43%. The firm had revenue of $4.56 billion for the quarter.

Loews Announces Dividend

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

Wall Street Analyst Weigh In

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

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.

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