9,689 Shares in Loews Corporation $L Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp purchased a new stake in Loews Corporation (NYSE:LFree Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,689 shares of the insurance provider’s stock, valued at approximately $1,097,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of L. Osmosis Investment Management UK Ltd acquired a new stake in shares of Loews in the second quarter worth $616,000. Sanctuary Advisors LLC acquired a new position in shares of Loews during the 2nd quarter valued at $1,436,000. Capital Square LLC acquired a new position in shares of Loews during the 2nd quarter valued at $1,097,000. LM Advisors LLC acquired a new position in shares of Loews during the 2nd quarter valued at $615,000. Finally, First Nebraska Trust Co purchased a new stake in Loews during the 2nd quarter worth $270,000. 58.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Loews from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Loews currently has an average rating of “Strong Buy”.

Read Our Latest Analysis on L

Loews Stock Down 1.1%

Shares of Loews stock opened at $109.69 on Friday. Loews Corporation has a 1-year low of $95.10 and a 1-year high of $121.01. The company has a market capitalization of $22.42 billion, a PE ratio of 13.44 and a beta of 0.52. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.36 and a quick ratio of 0.36. The business has a 50-day moving average of $113.96 and a 200-day moving average of $110.24.

Loews (NYSE:LGet Free Report) last released its quarterly earnings results on Monday, August 3rd. The insurance provider reported $2.16 EPS for the quarter. The business had revenue of $4.73 billion for the quarter. Loews had a return on equity of 8.60% and a net margin of 9.02%.

Loews Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.0625 per share. The ex-dividend date is Wednesday, August 19th. This represents a $0.25 annualized dividend and a yield of 0.2%. Loews’s payout ratio is currently 3.06%.

About Loews

(Free Report)

Loews Corporation (NYSE: L) is a diversified holding company that owns and operates businesses across insurance, hospitality, energy-related operations and other industrial and investment activities. The company holds controlling and significant minority interests in subsidiaries that run as standalone businesses, with corporate oversight focused on capital allocation, risk management and long-term value creation for shareholders.

One of Loews’ principal businesses is insurance, conducted through CNA Financial, a commercial property and casualty insurer that underwrites a range of business insurance products for corporate and institutional clients.

Further Reading

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Institutional Ownership by Quarter for Loews (NYSE:L)

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