United Capital Financial Advisors LLC Makes New $810,000 Investment in Loews Corporation $L

United Capital Financial Advisors LLC acquired a new position in shares of Loews Corporation (NYSE:L) in the 2nd quarter, Holdings Channel reports. The fund acquired 7,151 shares of the insurance provider’s stock, valued at approximately $810,000.

Several other large investors have also modified their holdings of the stock. NewEdge Advisors LLC raised its stake in Loews by 2.3% during the 1st quarter. NewEdge Advisors LLC now owns 4,168 shares of the insurance provider’s stock worth $445,000 after acquiring an additional 95 shares in the last quarter. Lido Advisors LLC boosted its stake in Loews by 3.9% in the first quarter. Lido Advisors LLC now owns 2,594 shares of the insurance provider’s stock valued at $277,000 after acquiring an additional 97 shares in the last quarter. Hancock Whitney Corp grew its holdings 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 last quarter. IFM Investors Pty Ltd grew its holdings in shares of Loews by 0.3% during the fourth 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 during the last quarter. Finally, Independent Advisor Alliance increased its position in shares of Loews by 4.3% during the fourth 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. Institutional investors and hedge funds own 58.33% of the company’s stock.

Loews Stock Performance

Shares of L opened at $109.71 on Monday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.44. The firm has a market cap of $22.43 billion, a PE ratio of 13.44 and a beta of 0.52. The company’s 50 day simple moving average is $114.01 and its 200-day simple moving average is $110.23. Loews Corporation has a 12-month low of $95.10 and a 12-month high of $121.01.

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

Loews Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Loews from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

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.