Loews Corporation $L Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC reduced its position in shares of Loews Corporation (NYSE:L) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,987 shares of the insurance provider’s stock after selling 725 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Loews were worth $8,432,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new stake in Loews during the 1st quarter worth $25,000. Sierra Ocean LLC increased its position in shares of Loews by 805.9% during the first quarter. Sierra Ocean LLC now owns 308 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 274 shares during the last quarter. Elequin Capital LP acquired a new position in shares of Loews in the first quarter worth about $30,000. Zions Bancorporation National Association UT purchased a new position in Loews in the first quarter valued at about $33,000. Finally, Trust Co. of Toledo NA OH acquired a new stake in Loews during the 2nd quarter valued at approximately $60,000. 58.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Loews in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.

Loews Stock Performance

Loews stock opened at $98.79 on Monday. 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 $103.52. The company has a fifty day moving average price of $97.93 and a two-hundred day moving average price of $91.95. The company has a market cap of $20.49 billion, a PE ratio of 15.71 and a beta of 0.73.

Loews (NYSE:L) last posted its quarterly 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 company had revenue of $4.56 billion for the quarter.

Loews Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 20th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $0.25 annualized dividend and a dividend yield of 0.3%. Loews’s dividend payout ratio is 3.97%.

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.