Voya Investment Management LLC Boosts Holdings 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 raised its stake in Loews Corporation (NYSE:L - Free Report) by 4.5% during the first quarter, according to its most recent filing 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 period. Voya Investment Management LLC owned about 0.12% of Loews worth $22,257,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in L. Cetera Investment Advisers increased its holdings in shares of Loews by 16.2% in the 4th quarter. Cetera Investment Advisers now owns 4,265 shares of the insurance provider's stock worth $361,000 after buying an additional 596 shares during the last quarter. Focus Partners Wealth boosted its stake in shares of Loews by 131.5% in the 4th quarter. Focus Partners Wealth now owns 13,113 shares of the insurance provider's stock valued at $1,111,000 after purchasing an additional 7,448 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Loews by 4.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,880 shares of the insurance provider's stock valued at $1,768,000 after purchasing an additional 923 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Loews by 11.3% in the 4th quarter. Millennium Management LLC now owns 104,480 shares of the insurance provider's stock valued at $8,848,000 after purchasing an additional 10,605 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in shares of Loews in the 4th quarter valued at $505,000. Institutional investors own 58.33% of the company's stock.

Loews Trading Down 0.5%

Shares of Loews stock traded down $0.51 during trading on Friday, reaching $96.53. The company's stock had a trading volume of 2,314,098 shares, compared to its average volume of 715,779. Loews Corporation has a 52-week low of $75.16 and a 52-week high of $98.33. The company has a market cap of $20.02 billion, a price-to-earnings ratio of 15.35 and a beta of 0.73. The firm's 50-day moving average is $94.43 and its two-hundred day moving average is $90.17. 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 announced 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 during the quarter. Loews had a net margin of 7.47% and a return on equity of 7.43%.

Loews Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 20th were given a $0.0625 dividend. 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 (DPR) is currently 3.97%.

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.