Banco Bilbao Vizcaya Argentaria S.A. Acquires 1,015 Shares of Loews Corporation $L

Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in Loews Corporation (NYSE:L) by 2.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,486 shares of the insurance provider’s stock after purchasing an additional 1,015 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Loews were worth $4,364,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Wayfinding Financial LLC bought a new stake in shares of Loews in the first quarter worth $25,000. Minot DeBlois Advisors LLC acquired a new position in Loews during the fourth quarter worth $27,000. Sierra Ocean LLC increased its holdings in Loews by 805.9% during the first quarter. Sierra Ocean LLC now owns 308 shares of the insurance provider’s stock worth $28,000 after buying an additional 274 shares during the last quarter. Elequin Capital LP acquired a new position in Loews during the first quarter worth $30,000. Finally, Zions Bancorporation National Association UT acquired a new position in Loews during the first quarter worth $33,000. Institutional investors own 58.33% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Loews Price Performance

NYSE:L opened at $96.6320 on Thursday. Loews Corporation has a one year low of $75.16 and a one year high of $97.13. The company has a market cap of $20.04 billion, a P/E ratio of 15.36 and a beta of 0.69. The firm’s fifty day moving average price is $91.64 and its two-hundred day moving average price is $88.38. 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 data on Monday, August 4th. The insurance provider reported $1.87 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 $4.56 billion for the quarter.

Loews Dividend Announcement

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