Vanguard Personalized Indexing Management LLC Has $3.44 Million Position in Loews Corporation $L

Key Points

• Vanguard Personalized Indexing Management LLC increased its position in Loews Corporation by 11.1%, now holding 37,489 shares valued at approximately $3.44 million.
• Loews Corporation reported a quarterly earnings per share (EPS) of $1.87, with revenues reaching $4.56 billion and a net margin of 7.47%.
• The company declared a quarterly dividend of $0.0625, reflecting a 0.2% yield with a payout ratio of 3.97%.

Vanguard Personalized Indexing Management LLC boosted its stake in shares of Loews Corporation (NYSE:L - Free Report) by 11.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,489 shares of the insurance provider's stock after acquiring an additional 3,755 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Loews were worth $3,436,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in L. Wayfinding Financial LLC acquired a new stake in shares of Loews in the first quarter valued at $25,000. Sierra Ocean LLC increased its stake in shares of Loews by 805.9% in the first quarter. Sierra Ocean LLC now owns 308 shares of the insurance provider's stock valued at $28,000 after buying an additional 274 shares in the last quarter. Elequin Capital LP acquired a new stake in shares of Loews in the first quarter valued at $30,000. Zions Bancorporation National Association UT acquired a new stake in shares of Loews in the first quarter valued at $33,000. Finally, Trust Co. of Toledo NA OH acquired a new stake in shares of Loews in the second quarter valued at $60,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Loews Price Performance

Loews stock opened at $102.60 on Wednesday. The business's 50-day simple moving average is $97.61 and its 200 day simple moving average is $91.80. The stock has a market cap of $21.28 billion, a price-to-earnings ratio of 16.31 and a beta of 0.73. Loews Corporation has a 12-month low of $75.16 and a 12-month high of $103.52. 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 posted its quarterly earnings results on Monday, August 4th. The insurance provider reported $1.87 earnings per share (EPS) for the quarter. The business 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 Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated 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 MarketBeat.com, Loews has a consensus rating of "Buy".

Loews 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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