Janus Henderson Group PLC Has $4.96 Million Stock Holdings in Loews Corporation $L

Janus Henderson Group PLC boosted its position in Loews Corporation (NYSE:L) by 100.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,449 shares of the insurance provider’s stock after buying an additional 23,303 shares during the period. Janus Henderson Group PLC’s holdings in Loews were worth $4,958,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in L. Lido Advisors LLC boosted its holdings 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 in the last quarter. Hancock Whitney Corp raised its position in shares of 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 purchasing an additional 98 shares during the period. IFM Investors Pty Ltd lifted its holdings in shares of Loews by 0.3% in the 4th quarter. IFM Investors Pty Ltd now owns 31,867 shares of the insurance provider’s stock worth $3,356,000 after purchasing an additional 100 shares in the last quarter. Independent Advisor Alliance lifted its holdings in shares of Loews by 4.3% in the 4th quarter. Independent Advisor Alliance now owns 2,603 shares of the insurance provider’s stock worth $274,000 after purchasing an additional 107 shares in the last quarter. Finally, Ballentine Partners LLC grew its position in Loews by 2.7% in the 4th quarter. Ballentine Partners LLC now owns 4,197 shares of the insurance provider’s stock valued at $442,000 after purchasing an additional 111 shares during the period. 58.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Loews

In other news, Director Dino Robusto purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were bought at an average cost of $104.74 per share, with a total value of $523,700.00. Following the completion of the transaction, the director directly owned 10,235 shares of the company’s stock, valued at approximately $1,072,013.90. This trade represents a 95.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 19.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Loews Stock Up 0.1%

L stock opened at $115.84 on Friday. The firm has a market capitalization of $23.68 billion, a PE ratio of 14.20 and a beta of 0.52. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.44. Loews Corporation has a twelve month low of $92.93 and a twelve month high of $121.01. The stock’s 50 day moving average is $112.30 and its 200-day moving average is $109.48.

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

Loews Announces Dividend

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

Loews Company Profile

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.