Loews Corporation $L Stake Lifted by Mraz Amerine & Associates Inc.

Mraz Amerine & Associates Inc. grew its stake in shares of Loews Corporation (NYSE:L) by 2.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 258,873 shares of the insurance provider’s stock after acquiring an additional 5,043 shares during the period. Loews comprises 3.8% of Mraz Amerine & Associates Inc.’s investment portfolio, making the stock its 7th biggest position. Mraz Amerine & Associates Inc. owned approximately 0.12% of Loews worth $23,728,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of L. Wayfinding Financial LLC purchased a new position in Loews in the first quarter valued at approximately $25,000. Sierra Ocean LLC raised its stake in shares of Loews by 805.9% in the first quarter. Sierra Ocean LLC now owns 308 shares of the insurance provider’s stock valued at $28,000 after buying an additional 274 shares during the period. Elequin Capital LP bought a new stake in shares of Loews in the first quarter valued at $30,000. Zions Bancorporation National Association UT purchased a new position in shares of Loews during the 1st quarter valued at $33,000. Finally, NBC Securities Inc. bought a new position in shares of Loews during the 1st quarter worth $40,000. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Loews Stock Up 0.7%

L stock opened at $102.38 on Tuesday. The stock has a 50-day simple moving average of $96.32 and a two-hundred day simple moving average of $91.31. Loews Corporation has a twelve month low of $75.16 and a twelve month high of $102.84. The firm has a market capitalization of $21.24 billion, a PE ratio of 16.28 and a beta of 0.73. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.43.

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

Loews Dividend Announcement

The firm 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. This represents a $0.25 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Wednesday, August 20th. Loews’s dividend payout ratio is currently 3.97%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b+)” rating on shares of Loews in a research note on Saturday, September 27th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Loews currently has an average rating of “Buy”.

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.