Terril Brothers Inc. Purchases 1,165 Shares of Loews Corporation $L

Terril Brothers Inc. boosted its holdings in Loews Corporation (NYSE:L) by 48.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,576 shares of the insurance provider’s stock after acquiring an additional 1,165 shares during the quarter. Terril Brothers Inc.’s holdings in Loews were worth $328,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Wayfinding Financial LLC purchased a new position in Loews in the 1st quarter worth about $25,000. Sierra Ocean LLC grew its stake in shares of Loews by 805.9% in 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 period. Elequin Capital LP purchased a new position in shares of Loews during the first quarter valued at approximately $30,000. Zions Bancorporation National Association UT purchased a new position in shares of Loews during the first quarter valued at approximately $33,000. Finally, Hantz Financial Services Inc. boosted its holdings in Loews by 14,900.0% in the second quarter. Hantz Financial Services Inc. now owns 450 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 447 shares during the last quarter. Institutional investors own 58.33% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated 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, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Loews Trading Up 1.8%

Shares of Loews stock opened at $99.52 on Friday. Loews Corporation has a 1-year low of $75.16 and a 1-year high of $103.52. The company’s fifty day simple moving average is $98.67 and its 200-day simple moving average is $92.89. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $20.64 billion, a PE ratio of 15.82 and a beta of 0.73.

Loews (NYSE:L) last announced its earnings results on Monday, August 4th. The insurance provider reported $1.87 EPS for the quarter. The company 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 20th were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, August 20th. Loews’s payout ratio is presently 3.97%.

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.