Osmosis Investment Management UK Ltd Acquires Shares of 5,442 Loews Corporation $L

Osmosis Investment Management UK Ltd acquired a new position in shares of Loews Corporation (NYSE:L) in the second quarter, Holdings Channel reports. The fund acquired 5,442 shares of the insurance provider’s stock, valued at approximately $616,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. NewEdge Advisors LLC raised its stake in shares of Loews by 2.3% during the first quarter. NewEdge Advisors LLC now owns 4,168 shares of the insurance provider’s stock worth $445,000 after purchasing an additional 95 shares during the last quarter. Lido Advisors LLC raised its position in Loews by 3.9% during the 1st quarter. Lido Advisors LLC now owns 2,594 shares of the insurance provider’s stock worth $277,000 after buying an additional 97 shares during the last quarter. Hancock Whitney Corp raised its position in Loews by 3.9% during the 3rd quarter. Hancock Whitney Corp now owns 2,618 shares of the insurance provider’s stock worth $263,000 after buying an additional 98 shares during the last quarter. IFM Investors Pty Ltd lifted its stake 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 acquiring an additional 100 shares during the period. Finally, Independent Advisor Alliance lifted its stake 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 acquiring an additional 107 shares during the period. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Activity at Loews

In related news, Director Dino Robusto purchased 5,000 shares of the stock in a transaction dated Friday, May 29th. The shares were acquired at an average cost of $104.74 per share, with a total value of $523,700.00. Following the purchase, the director directly owned 10,235 shares in the company, valued at $1,072,013.90. This trade represents a 95.51% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 19.00% of the company’s stock.

Loews Stock Down 0.5%

L opened at $110.84 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.36 and a quick ratio of 0.36. The business has a 50 day simple moving average of $113.85 and a 200-day simple moving average of $110.25. The stock has a market capitalization of $22.66 billion, a P/E ratio of 13.58 and a beta of 0.52. Loews Corporation has a 12 month low of $95.10 and a 12 month high of $121.01.

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

Loews Announces Dividend

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

About Loews

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.