Clare Market Investments LLC Takes Position in Loews Corporation $L

Clare Market Investments LLC acquired a new stake in shares of Loews Corporation (NYSE:L) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,990 shares of the insurance provider’s stock, valued at approximately $1,600,000.

A number of other hedge funds have also recently bought and sold shares of L. Hancock Whitney Corp raised its holdings in Loews by 3.9% in the 3rd quarter. Hancock Whitney Corp now owns 2,618 shares of the insurance provider’s stock valued at $263,000 after acquiring an additional 98 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in Loews by 0.3% during the 4th quarter. IFM Investors Pty Ltd now owns 31,867 shares of the insurance provider’s stock valued at $3,356,000 after purchasing an additional 100 shares in the last quarter. Independent Advisor Alliance lifted its holdings in 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 buying an additional 107 shares in the last quarter. Ballentine Partners LLC boosted its position in Loews by 2.7% in the 4th quarter. Ballentine Partners LLC now owns 4,197 shares of the insurance provider’s stock valued at $442,000 after buying an additional 111 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its stake in shares of Loews by 0.8% during the fourth quarter. Sanctuary Advisors LLC now owns 14,006 shares of the insurance provider’s stock valued at $1,475,000 after acquiring an additional 115 shares in the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

Insider Transactions at Loews

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

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (a-)” rating on shares of Loews in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

Loews Price Performance

Shares of NYSE:L opened at $117.77 on Tuesday. The firm’s 50 day moving average is $108.51 and its two-hundred day moving average is $107.80. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $24.23 billion, a P/E ratio of 14.78 and a beta of 0.52. Loews Corporation has a 52 week low of $89.32 and a 52 week high of $116.70.

Loews (NYSE:L) last announced its quarterly earnings data on Monday, May 4th. The insurance provider reported $1.63 EPS for the quarter. Loews had a return on equity of 8.51% and a net margin of 8.83%.The company had revenue of $4.55 billion during the quarter.

Loews Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.2%. The ex-dividend date was Wednesday, May 27th. Loews’s dividend payout ratio (DPR) is 3.18%.

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.