Aberdeen Group plc Acquires 53,737 Shares of Loews Corporation $L

Aberdeen Group plc increased its holdings in shares of Loews Corporation (NYSE:L) by 111.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,816 shares of the insurance provider’s stock after purchasing an additional 53,737 shares during the period. Aberdeen Group plc’s holdings in Loews were worth $9,296,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Northern Trust Corp lifted its holdings in shares of Loews by 2.6% during the 4th quarter. Northern Trust Corp now owns 2,097,608 shares of the insurance provider’s stock valued at $177,646,000 after purchasing an additional 53,625 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Loews by 17.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,423,409 shares of the insurance provider’s stock valued at $120,549,000 after acquiring an additional 207,568 shares in the last quarter. California State Teachers Retirement System lifted its stake in Loews by 7.2% in the 4th quarter. California State Teachers Retirement System now owns 758,592 shares of the insurance provider’s stock valued at $64,245,000 after acquiring an additional 51,028 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Loews by 2.3% in the 4th quarter. Hsbc Holdings PLC now owns 714,833 shares of the insurance provider’s stock valued at $60,535,000 after acquiring an additional 15,888 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Loews by 10,114.9% in the 1st quarter. GAMMA Investing LLC now owns 672,138 shares of the insurance provider’s stock valued at $61,776,000 after acquiring an additional 665,558 shares in the last quarter. Institutional investors own 58.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Loews from a “hold” rating to a “buy” rating in a research report on Tuesday, May 6th.

Loews Stock Performance

L opened at $95.9450 on Wednesday. The business has a fifty day simple moving average of $91.48 and a 200 day simple moving average of $88.32. The company has a market capitalization of $19.90 billion, a PE ratio of 15.25 and a beta of 0.69. Loews Corporation has a 1 year low of $75.16 and a 1 year high of $96.10. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.33 and a quick ratio of 0.33.

Loews (NYSE:L) last released its quarterly earnings results on Monday, August 4th. The insurance provider reported $1.87 earnings per share (EPS) for the quarter. The business had revenue of $4.56 billion during the quarter. Loews had a return on equity of 7.43% and a net margin of 7.47%.

Loews Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 20th will be paid a $0.0625 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $0.25 annualized dividend and a yield of 0.3%. Loews’s payout ratio is 3.97%.

Loews 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.