Voya Investment Management LLC Boosts Stock Position in Loews Corporation $L

Key Points

• Voya Investment Management LLC has increased its stake in Loews Corporation by 4.5%, owning 242,160 shares valued at approximately $22.3 million.
• Loews Corporation reported earnings of $1.87 per share with revenues of $4.56 billion in its most recent quarterly earnings report.
• The company announced a quarterly dividend of $0.0625 per share, resulting in an annualized dividend yield of 0.3% and a payout ratio of 3.97%.

Voya Investment Management LLC boosted its holdings in Loews Corporation (NYSE:L - Free Report) by 4.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 242,160 shares of the insurance provider's stock after buying an additional 10,328 shares during the quarter. Voya Investment Management LLC owned approximately 0.12% of Loews worth $22,257,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of L. Wayfinding Financial LLC purchased a new position in Loews in the first quarter valued at $25,000. Sierra Ocean LLC grew its holdings in shares of Loews by 805.9% during the first quarter. Sierra Ocean LLC now owns 308 shares of the insurance provider's stock worth $28,000 after purchasing an additional 274 shares during the last quarter. Elequin Capital LP purchased a new position in shares of Loews during the first quarter worth about $30,000. Zions Bancorporation National Association UT purchased a new position in shares of Loews during the first quarter worth about $33,000. Finally, NBC Securities Inc. purchased a new position in shares of Loews during the first quarter worth about $40,000. Hedge funds and other institutional investors own 58.33% of the company's stock.

Loews Stock Performance

Shares of L stock opened at $97.72 on Monday. The stock's 50-day moving average is $93.87 and its two-hundred day moving average is $89.86. The firm has a market cap of $20.27 billion, a price-to-earnings ratio of 15.54 and a beta of 0.73. Loews Corporation has a 1 year low of $75.16 and a 1 year 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 issued its quarterly earnings data on Monday, August 4th. The insurance provider reported $1.87 earnings per share (EPS) for the quarter. The company 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 disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 20th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $0.25 annualized dividend and a dividend yield of 0.3%. Loews's dividend payout ratio (DPR) is presently 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.

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