Loews Corporation $L Shares Purchased by BSW Wealth Partners

BSW Wealth Partners boosted its stake in Loews Corporation (NYSE:L) by 5.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,812 shares of the insurance provider’s stock after purchasing an additional 143 shares during the period. BSW Wealth Partners’ holdings in Loews were worth $258,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new position in shares of Loews during the first quarter worth $25,000. Sierra Ocean LLC lifted its stake in Loews by 805.9% during the 1st quarter. Sierra Ocean LLC now owns 308 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 274 shares in the last quarter. Elequin Capital LP purchased a new position in Loews during the 1st quarter valued at about $30,000. Zions Bancorporation National Association UT acquired a new position in Loews in the 1st quarter valued at about $33,000. Finally, NBC Securities Inc. purchased a new stake in Loews during the first quarter worth about $40,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Loews Stock Up 1.6%

Shares of L opened at $101.71 on Friday. The company’s 50-day simple moving average is $95.88 and its 200-day simple moving average is $91.05. 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 1 year low of $75.16 and a 1 year high of $101.79. The stock has a market capitalization of $21.10 billion, a PE ratio of 16.17 and a beta of 0.73.

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

Loews Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 20th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.2%. Loews’s dividend payout ratio is currently 3.97%.

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.