Loews Corporation (NYSE:L - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $98.18 and last traded at $98.14, with a volume of 577601 shares changing hands. The stock had previously closed at $96.12.
Loews Price Performance
The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.33 and a current ratio of 0.33. The business's 50 day simple moving average is $93.65 and its 200-day simple moving average is $89.61. The stock has a market capitalization of $20.36 billion, a price-to-earnings ratio of 15.60 and a beta of 0.73.
Loews (NYSE:L - Get Free Report) last posted its earnings results on Monday, August 4th. The insurance provider reported $1.87 earnings per share (EPS) for the quarter. The firm 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 Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 20th were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Wednesday, August 20th. Loews's payout ratio is presently 3.97%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Trustmark Bank Trust Department raised its holdings in shares of Loews by 0.7% during the second quarter. Trustmark Bank Trust Department now owns 16,263 shares of the insurance provider's stock valued at $1,491,000 after acquiring an additional 115 shares during the period. Miracle Mile Advisors LLC grew its position in Loews by 3.5% during the 1st quarter. Miracle Mile Advisors LLC now owns 3,855 shares of the insurance provider's stock worth $354,000 after purchasing an additional 130 shares in the last quarter. Aaron Wealth Advisors LLC raised its stake in Loews by 3.9% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 3,754 shares of the insurance provider's stock valued at $344,000 after purchasing an additional 142 shares during the period. BSW Wealth Partners lifted its holdings in shares of Loews by 5.4% in the second quarter. BSW Wealth Partners now owns 2,812 shares of the insurance provider's stock valued at $258,000 after purchasing an additional 143 shares in the last quarter. Finally, Flagship Harbor Advisors LLC boosted its position in shares of Loews by 5.3% in the second quarter. Flagship Harbor Advisors LLC now owns 2,856 shares of the insurance provider's stock worth $262,000 after buying an additional 143 shares during the period. 58.33% of the stock is currently owned by institutional investors.
About Loews
(
Get Free Report)
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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