Brighton Jones LLC Acquires 831 Shares of Loews Corporation $L

Brighton Jones LLC grew its holdings in shares of Loews Corporation (NYSE:L) by 36.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 3,115 shares of the insurance provider’s stock after buying an additional 831 shares during the period. Brighton Jones LLC’s holdings in Loews were worth $286,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of L. Wayfinding Financial LLC bought a new position in shares of Loews during the first quarter valued at approximately $25,000. Sierra Ocean LLC raised its position in Loews by 805.9% during the 1st quarter. Sierra Ocean LLC now owns 308 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 274 shares in the last quarter. Elequin Capital LP bought a new stake in Loews during the 1st quarter valued at $30,000. Zions Bancorporation National Association UT bought a new stake in Loews during the 1st quarter valued at $33,000. Finally, Trust Co. of Toledo NA OH bought a new stake in Loews during the 2nd quarter valued at $60,000. Institutional investors own 58.33% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b+)” rating on shares of Loews in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Loews Stock Performance

Shares of L stock opened at $99.56 on Friday. The stock has a market cap of $20.65 billion, a PE ratio of 15.83 and a beta of 0.73. The business has a 50-day simple moving average of $98.73 and a 200-day simple moving average of $92.98. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.43. Loews Corporation has a 52-week low of $75.16 and a 52-week high of $103.52.

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

Loews Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 20th were issued a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $0.25 dividend on an annualized basis and a yield of 0.3%. Loews’s dividend payout ratio is presently 3.97%.

Loews Company 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.