Y Intercept Hong Kong Ltd Boosts Stock Holdings in Loews Corporation (NYSE:L)

Y Intercept Hong Kong Ltd lifted its position in Loews Corporation (NYSE:L - Free Report) by 406.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,390 shares of the insurance provider's stock after purchasing an additional 20,372 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Loews were worth $2,334,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. OneDigital Investment Advisors LLC bought a new position in shares of Loews during the 1st quarter valued at approximately $224,000. Novem Group bought a new position in Loews during the fourth quarter valued at $678,000. SG Americas Securities LLC raised its stake in shares of Loews by 589.9% in the first quarter. SG Americas Securities LLC now owns 10,162 shares of the insurance provider's stock valued at $934,000 after acquiring an additional 8,689 shares during the period. Prudential Financial Inc. raised its stake in shares of Loews by 14.8% in the fourth quarter. Prudential Financial Inc. now owns 162,256 shares of the insurance provider's stock valued at $13,741,000 after acquiring an additional 20,874 shares during the period. Finally, Moody Lynn & Lieberson LLC bought a new stake in shares of Loews in the 1st quarter worth about $329,000. 58.33% of the stock is owned by institutional investors.

Insider Buying and Selling at Loews

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

Analyst Upgrades and Downgrades

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

Loews Stock Up 0.5%

Shares of L traded up $0.47 during midday trading on Friday, hitting $91.73. 161,797 shares of the company's stock traded hands, compared to its average volume of 783,382. The stock has a market capitalization of $19.23 billion, a price-to-earnings ratio of 15.07 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. The firm's fifty day moving average is $89.86 and its 200-day moving average is $87.25. Loews Corporation has a 1 year low of $75.16 and a 1 year high of $93.23.

Loews (NYSE:L - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The insurance provider reported $1.74 earnings per share for the quarter. The business had revenue of $4.49 billion for the quarter. Loews had a return on equity of 7.43% and a net margin of 7.47%.

Loews Dividend Announcement

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

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.