23,448 Shares in Loews Corporation $L Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. acquired a new position in shares of Loews Corporation (NYSE:L) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 23,448 shares of the insurance provider’s stock, valued at approximately $2,449,000.

A number of other institutional investors and hedge funds have also modified their holdings of L. NewEdge Advisors LLC raised its stake in shares of Loews by 2.3% in the first quarter. NewEdge Advisors LLC now owns 4,168 shares of the insurance provider’s stock valued at $445,000 after purchasing an additional 95 shares in the last quarter. Lido Advisors LLC lifted its position 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 purchasing an additional 97 shares during the period. CX Institutional lifted its position in Loews by 5.3% in the second quarter. CX Institutional now owns 2,128 shares of the insurance provider’s stock worth $241,000 after purchasing an additional 107 shares during the period. Parkside Financial Bank & Trust boosted its stake in Loews by 10.0% during the second quarter. Parkside Financial Bank & Trust now owns 1,306 shares of the insurance provider’s stock worth $148,000 after buying an additional 119 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Loews by 1.2% during the second quarter. GAMMA Investing LLC now owns 11,578 shares of the insurance provider’s stock worth $1,311,000 after buying an additional 135 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors.

Loews Stock Performance

NYSE L opened at $111.41 on Thursday. Loews Corporation has a twelve month low of $101.08 and a twelve month high of $121.01. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.44. The stock has a market cap of $22.53 billion, a P/E ratio of 15.34 and a beta of 0.49. The company’s 50-day simple moving average is $108.74 and its 200 day simple moving average is $109.66.

Loews (NYSE:L) last announced its quarterly earnings results on Monday, November 2nd. The insurance provider reported $1.50 EPS for the quarter. The firm had revenue of $4.76 billion during the quarter. Loews had a net margin of 7.93% and a return on equity of 7.60%.

Loews Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 8th. Stockholders of record on Wednesday, November 25th will be paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, November 25th. Loews’s dividend payout ratio is currently 3.46%.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Loews from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, November 3rd. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

About Loews

Loews Corporation is a diversified holding company with businesses in insurance, energy infrastructure and hospitality. Its subsidiaries operate independently, while Loews provides corporate oversight and capital allocation. CNA Financial provides commercial property and casualty insurance, along with related services, to businesses and organizations. Boardwalk Pipelines operates natural gas pipeline and storage infrastructure, primarily in the United States. Loews Hotels & Co owns and operates hotels and resorts, principally in North America.