St. James Investment Company LLC Increases Holdings in Loews Corporation $L

St. James Investment Company LLC grew its stake in Loews Corporation (NYSE:L) by 0.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 469,863 shares of the insurance provider’s stock after purchasing an additional 817 shares during the quarter. Loews comprises approximately 7.0% of St. James Investment Company LLC’s holdings, making the stock its 4th largest holding. St. James Investment Company LLC owned 0.22% of Loews worth $43,068,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in L. Wayfinding Financial LLC acquired a new position in shares of Loews in the 1st quarter valued at $25,000. Sierra Ocean LLC lifted its stake in shares of 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. Elequin Capital LP acquired a new position in shares of Loews in the 1st quarter valued at $30,000. Zions Bancorporation National Association UT acquired a new position in shares of Loews in the 1st quarter valued at $33,000. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of Loews in the 2nd quarter valued at $60,000. Institutional investors and hedge funds own 58.33% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b+)” rating on shares of Loews in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Loews Stock Performance

Shares of Loews stock opened at $99.46 on Wednesday. The company has a market capitalization of $20.63 billion, a PE ratio of 15.81 and a beta of 0.73. Loews Corporation has a 12 month low of $75.16 and a 12 month high of $103.52. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.43. The stock’s fifty day simple moving average is $98.15 and its 200 day simple moving average is $92.12.

Loews (NYSE:L) last issued its quarterly earnings data on Monday, August 4th. The insurance provider reported $1.87 EPS for the quarter. The business had revenue of $4.56 billion for the quarter. Loews had a return on equity of 7.43% and a net margin of 7.47%.

Loews Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 20th were paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Wednesday, August 20th. Loews’s dividend payout ratio (DPR) is presently 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.