Loews Corporation $L Shares Sold by Railway Pension Investments Ltd

Railway Pension Investments Ltd lessened its position in Loews Corporation (NYSE:L) by 16.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,400 shares of the insurance provider’s stock after selling 12,100 shares during the quarter. Railway Pension Investments Ltd’s holdings in Loews were worth $7,178,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. BTG Pactual Asset Management US LLC acquired a new stake in Loews during the 2nd quarter worth $572,000. Susquehanna Fundamental Investments LLC lifted its stake in shares of Loews by 10.8% in the second quarter. Susquehanna Fundamental Investments LLC now owns 11,803 shares of the insurance provider’s stock worth $1,336,000 after buying an additional 1,150 shares in the last quarter. Trustmark Bank Trust Department lifted its stake in shares of Loews by 2.2% in the second quarter. Trustmark Bank Trust Department now owns 16,572 shares of the insurance provider’s stock worth $1,876,000 after buying an additional 359 shares in the last quarter. Washington Trust Bank acquired a new position in Loews during the second quarter worth about $204,000. Finally, New Mexico Educational Retirement Board grew its stake in Loews by 7.7% during the 2nd quarter. New Mexico Educational Retirement Board now owns 8,395 shares of the insurance provider’s stock valued at $950,000 after acquiring an additional 600 shares in the last quarter. 58.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Loews Stock Down 1.2%

Shares of NYSE L opened at $108.44 on Tuesday. The company has a 50 day simple moving average of $114.01 and a 200-day simple moving average of $110.22. Loews Corporation has a 1 year low of $95.10 and a 1 year high of $121.01. 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 company has a market capitalization of $22.17 billion, a P/E ratio of 13.29 and a beta of 0.52.

Loews (NYSE:L) last released its 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 company had revenue of $4.73 billion during the quarter.

Loews Dividend Announcement

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

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.