Wallace Capital Management Inc. Buys Shares of 244,525 Loews Corporation $L

Posted by Brian Himes on Aug 27th, 2026

Wallace Capital Management Inc. purchased a new stake in Loews Corporation (NYSE:L – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 244,525 shares of the insurance provider’s stock, valued at approximately $27,683,000. Loews accounts for approximately 3.0% of Wallace Capital Management Inc.’s holdings, making the stock its 7th largest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in L. NewEdge Advisors LLC lifted its holdings in Loews by 2.3% in the first quarter. NewEdge Advisors LLC now owns 4,168 shares of the insurance provider’s stock valued at $445,000 after acquiring an additional 95 shares during the last quarter. Lido Advisors LLC grew its position in Loews by 3.9% in the first quarter. Lido Advisors LLC now owns 2,594 shares of the insurance provider’s stock worth $277,000 after acquiring an additional 97 shares during the period. Hancock Whitney Corp increased its stake in Loews by 3.9% during the third quarter. Hancock Whitney Corp now owns 2,618 shares of the insurance provider’s stock worth $263,000 after acquiring an additional 98 shares during the last quarter. IFM Investors Pty Ltd increased its stake in Loews by 0.3% during the fourth quarter. IFM Investors Pty Ltd now owns 31,867 shares of the insurance provider’s stock worth $3,356,000 after acquiring an additional 100 shares during the last quarter. Finally, Independent Advisor Alliance raised its position in Loews by 4.3% in the fourth quarter. Independent Advisor Alliance now owns 2,603 shares of the insurance provider’s stock valued at $274,000 after purchasing an additional 107 shares during the period. Institutional investors and hedge funds own 58.33% of the company’s stock.

Analysts Set New Price Targets

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

Check Out Our Latest Analysis on L

Loews Stock Performance

Shares of L stock opened at $111.06 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a market cap of $22.70 billion, a P/E ratio of 13.61 and a beta of 0.52. The firm’s 50 day moving average price is $113.92 and its 200-day moving average price is $110.25. Loews Corporation has a one year low of $95.10 and a one year high of $121.01.

Loews (NYSE:L – Get Free Report) last posted its earnings results on Monday, August 3rd. The insurance provider reported $2.16 earnings per share for the quarter. The firm had revenue of $4.73 billion during the quarter. Loews had a net margin of 9.02% and a return on equity of 8.60%.

Loews Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.2%. Loews’s payout ratio is presently 3.06%.

Insider Buying and Selling at Loews

In other news, Director Dino Robusto acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were purchased at an average price of $104.74 per share, for a total transaction of $523,700.00. Following the acquisition, the director owned 10,235 shares of the company’s stock, valued at $1,072,013.90. This represents a 95.51% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 19.00% of the company’s stock.

Loews Company Profile

(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.