Apollon Wealth Management LLC Makes New Investment in Loews Corporation $L

Apollon Wealth Management LLC bought a new stake in shares of Loews Corporation (NYSE:L) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,243 shares of the insurance provider’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in L. Jane Street Group LLC increased its holdings in Loews by 218.1% during the first quarter. Jane Street Group LLC now owns 142,050 shares of the insurance provider’s stock worth $13,056,000 after buying an additional 97,391 shares during the last quarter. OneDigital Investment Advisors LLC bought a new position in shares of Loews during the 1st quarter valued at approximately $224,000. Advisory Alpha LLC purchased a new stake in shares of Loews during the 1st quarter worth approximately $284,000. American Century Companies Inc. raised its holdings in shares of Loews by 7.4% in the 1st quarter. American Century Companies Inc. now owns 96,249 shares of the insurance provider’s stock worth $8,846,000 after purchasing an additional 6,660 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in Loews by 1.3% in the first quarter. Hsbc Holdings PLC now owns 724,190 shares of the insurance provider’s stock valued at $66,463,000 after purchasing an additional 9,357 shares during the last quarter. 58.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Loews Stock Performance

Shares of L stock opened at $98.79 on Monday. The firm’s 50 day moving average is $97.93 and its 200 day moving average is $91.95. The stock has a market capitalization of $20.49 billion, a P/E ratio of 15.71 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.

Loews (NYSE:L) last issued its 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 business had revenue of $4.56 billion for the quarter.

Loews Announces Dividend

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