Mraz Amerine & Associates Inc. Raises Stock Position in Loews Corporation $L

Mraz Amerine & Associates Inc. lifted its stake in shares of Loews Corporation (NYSE:L) by 2.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 258,873 shares of the insurance provider’s stock after acquiring an additional 5,043 shares during the period. Loews makes up 3.8% of Mraz Amerine & Associates Inc.’s investment portfolio, making the stock its 7th biggest position. Mraz Amerine & Associates Inc.’s holdings in Loews were worth $23,728,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Northern Trust Corp increased its position in shares of Loews by 7.2% during the 1st quarter. Northern Trust Corp now owns 2,249,036 shares of the insurance provider’s stock valued at $206,709,000 after purchasing an additional 151,428 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Loews by 5.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,496,606 shares of the insurance provider’s stock worth $137,553,000 after buying an additional 73,197 shares in the last quarter. Hsbc Holdings PLC grew its position in Loews by 1.3% during the first quarter. Hsbc Holdings PLC now owns 724,190 shares of the insurance provider’s stock valued at $66,463,000 after acquiring an additional 9,357 shares during the last quarter. Swedbank AB raised its stake in shares of Loews by 44.8% during the first quarter. Swedbank AB now owns 556,350 shares of the insurance provider’s stock worth $51,134,000 after acquiring an additional 172,004 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Loews by 1.0% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 494,732 shares of the insurance provider’s stock worth $45,471,000 after acquiring an additional 5,114 shares during the last quarter. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Loews Price Performance

Shares of Loews stock opened at $102.38 on Tuesday. 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 one year low of $75.16 and a one year high of $102.84. The business’s 50 day simple moving average is $96.32 and its two-hundred day simple moving average is $91.31. The stock has a market capitalization of $21.24 billion, a P/E ratio of 16.28 and a beta of 0.73.

Loews (NYSE:L) last issued its earnings results on Monday, August 4th. The insurance provider reported $1.87 earnings per share (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 $4.56 billion for the quarter.

Loews Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 20th were paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, August 20th. Loews’s dividend payout ratio is 3.97%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Loews in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Loews currently has an average rating of “Buy”.

Loews Company 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.