Wealthfront Advisers LLC Has $4.59 Million Holdings in Loews Corporation (NYSE:L)

Wealthfront Advisers LLC grew its stake in shares of Loews Corporation (NYSE:L - Free Report) by 11.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,925 shares of the insurance provider's stock after purchasing an additional 5,075 shares during the period. Wealthfront Advisers LLC's holdings in Loews were worth $4,589,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wayfinding Financial LLC purchased a new stake in shares of Loews during the first quarter worth about $25,000. Minot DeBlois Advisors LLC purchased a new position in Loews during the fourth quarter valued at $27,000. Sierra Ocean LLC lifted its stake in Loews by 805.9% in the 1st quarter. Sierra Ocean LLC now owns 308 shares of the insurance provider's stock worth $28,000 after purchasing an additional 274 shares in the last quarter. Itau Unibanco Holding S.A. lifted its stake in Loews by 387.6% in the 4th quarter. Itau Unibanco Holding S.A. now owns 434 shares of the insurance provider's stock worth $37,000 after purchasing an additional 345 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in shares of Loews in the 1st quarter worth $40,000. Hedge funds and other institutional investors own 58.33% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Loews from a "hold" rating to a "buy" rating in a report on Tuesday, May 6th.

Insiders Place Their Bets

In other Loews news, SVP Richard Waldo Scott sold 9,019 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $87.92, for a total value of $792,950.48. Following the completion of the sale, the senior vice president directly owned 33,901 shares of the company's stock, valued at approximately $2,980,575.92. This represents a 21.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 19.00% of the company's stock.

Loews Trading Up 1.4%

Shares of L opened at $92.24 on Friday. The business's 50-day moving average price is $89.53 and its 200 day moving average price is $86.98. The stock has a market capitalization of $19.34 billion, a P/E ratio of 15.15 and a beta of 0.70. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.47. Loews Corporation has a 1-year low of $75.16 and a 1-year high of $92.85.

Loews (NYSE:L - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The insurance provider reported $1.74 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 $4.49 billion for the quarter.

Loews Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.27%. Loews's dividend payout ratio (DPR) is 4.11%.

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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