XTX Topco Ltd Sells 24,112 Shares of Loews Corporation (NYSE:L)

XTX Topco Ltd cut its stake in shares of Loews Corporation (NYSE:L - Free Report) by 90.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,438 shares of the insurance provider's stock after selling 24,112 shares during the period. XTX Topco Ltd's holdings in Loews were worth $224,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Wayfinding Financial LLC bought a new position in shares of Loews during the 1st quarter worth about $25,000. Minot DeBlois Advisors LLC purchased a new position in Loews in the 4th quarter valued at approximately $27,000. Sierra Ocean LLC boosted its holdings in Loews by 805.9% in the 1st quarter. Sierra Ocean LLC now owns 308 shares of the insurance provider's stock valued at $28,000 after purchasing an additional 274 shares during the period. Itau Unibanco Holding S.A. lifted its holdings in shares of Loews by 387.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 434 shares of the insurance provider's stock worth $37,000 after acquiring an additional 345 shares during the last quarter. Finally, NBC Securities Inc. bought a new stake in Loews in the first quarter worth $40,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Loews Stock Performance

Loews stock traded down $0.54 during midday trading on Friday, reaching $95.04. 947,329 shares of the company traded hands, compared to its average volume of 723,908. 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 12 month low of $75.16 and a 12 month high of $96.10. The firm has a market capitalization of $19.71 billion, a price-to-earnings ratio of 15.11 and a beta of 0.69. The business has a 50 day moving average of $91.20 and a two-hundred day moving average of $88.17.

Loews (NYSE:L - Get Free Report) last posted its earnings results on Monday, August 4th. The insurance provider reported $1.87 earnings per share 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 20th will be issued a dividend of $0.0625 per share. The ex-dividend date is Wednesday, August 20th. This represents a $0.25 dividend on an annualized basis and a yield of 0.3%. Loews's dividend payout ratio (DPR) is presently 3.97%.

Wall Street Analyst Weigh In

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

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.