Mufg Securities Americas Inc. Has $354,000 Position in Loews Corporation $L

Mufg Securities Americas Inc. raised its stake in Loews Corporation (NYSE:L) by 23.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,857 shares of the insurance provider’s stock after buying an additional 730 shares during the quarter. Mufg Securities Americas Inc.’s holdings in Loews were worth $354,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in L. Evelyn Partners Asset Management Ltd acquired a new stake in shares of Loews during the 2nd quarter valued at $46,000. AXQ Capital LP purchased a new stake in shares of Loews during the second quarter worth $414,000. Mediolanum International Funds Ltd raised its holdings in shares of Loews by 185.7% during the second quarter. Mediolanum International Funds Ltd now owns 46,722 shares of the insurance provider’s stock worth $4,224,000 after acquiring an additional 30,368 shares in the last quarter. MAI Capital Management raised its holdings in shares of Loews by 17.0% during the second quarter. MAI Capital Management now owns 1,660 shares of the insurance provider’s stock worth $152,000 after acquiring an additional 241 shares in the last quarter. Finally, Swiss National Bank boosted its position in Loews by 3.7% during the second quarter. Swiss National Bank now owns 541,161 shares of the insurance provider’s stock valued at $49,603,000 after purchasing an additional 19,100 shares during the last quarter. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Loews Stock Up 0.8%

Loews stock opened at $107.27 on Tuesday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.43. Loews Corporation has a 1-year low of $78.98 and a 1-year high of $107.49. The firm’s fifty day simple moving average is $100.97 and its 200-day simple moving average is $95.04. The company has a market capitalization of $22.17 billion, a P/E ratio of 17.05 and a beta of 0.73.

Loews (NYSE:L) last posted its earnings results on Monday, November 3rd. The insurance provider reported $2.43 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 $3.94 billion for the quarter.

Loews Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Wednesday, November 26th will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.2%. Loews’s dividend payout ratio is currently 3.62%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Loews in a research report on Wednesday, November 19th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Loews presently has a consensus rating of “Strong 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.