503 Shares in Loews Corporation $L Bought by Evelyn Partners Asset Management Ltd

Evelyn Partners Asset Management Ltd acquired a new position in shares of Loews Corporation (NYSE:L) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 503 shares of the insurance provider’s stock, valued at approximately $46,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in L. AXQ Capital LP bought a new position in Loews in the second quarter valued at approximately $414,000. Mediolanum International Funds Ltd boosted its holdings in shares of Loews by 185.7% in the 2nd quarter. Mediolanum International Funds Ltd now owns 46,722 shares of the insurance provider’s stock valued at $4,224,000 after purchasing an additional 30,368 shares in the last quarter. MAI Capital Management boosted its holdings in shares of Loews by 17.0% in the 2nd quarter. MAI Capital Management now owns 1,660 shares of the insurance provider’s stock valued at $152,000 after purchasing an additional 241 shares in the last quarter. Swiss National Bank increased its stake in shares of Loews by 3.7% in the 2nd quarter. Swiss National Bank now owns 541,161 shares of the insurance provider’s stock valued at $49,603,000 after purchasing an additional 19,100 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of Loews by 1.4% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 61,090 shares of the insurance provider’s stock worth $5,600,000 after buying an additional 871 shares in the last quarter. Institutional investors own 58.33% of the company’s stock.

Loews Stock Up 1.3%

Shares of L opened at $106.32 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.33 and a current ratio of 0.33. Loews Corporation has a 52 week low of $78.98 and a 52 week high of $107.18. The stock has a market capitalization of $21.97 billion, a price-to-earnings ratio of 16.90 and a beta of 0.73. The stock has a fifty day moving average of $100.76 and a 200-day moving average of $94.80.

Loews (NYSE:L) last issued its earnings results on Monday, November 3rd. The insurance provider reported $2.43 earnings per share (EPS) for the quarter. Loews had a return on equity of 7.43% and a net margin of 7.47%.The business had revenue of $3.94 billion during the quarter.

Loews Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Wednesday, November 26th will be issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Wednesday, November 26th. Loews’s dividend payout ratio (DPR) is 3.62%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Loews in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company currently has an average rating of “Strong Buy”.

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.