Dimensional Fund Advisors LP Has $242.34 Million Holdings in Loews Corporation $L

Dimensional Fund Advisors LP grew its holdings in Loews Corporation (NYSE:L) by 1.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,270,492 shares of the insurance provider’s stock after purchasing an additional 28,016 shares during the period. Dimensional Fund Advisors LP’s holdings in Loews were worth $242,340,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in L. DV Equities LLC acquired a new position in shares of Loews in the fourth quarter worth $25,000. Harbor Capital Advisors Inc. purchased a new position in Loews in the fourth quarter valued at about $27,000. Private Trust Co. NA grew its stake in shares of Loews by 896.7% in the 4th quarter. Private Trust Co. NA now owns 299 shares of the insurance provider’s stock valued at $31,000 after buying an additional 269 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in Loews in the third quarter worth approximately $30,000. Finally, SHP Wealth Management acquired a new position in Loews in the fourth quarter worth approximately $35,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Loews Trading Up 0.8%

Loews stock opened at $115.58 on Friday. Loews Corporation has a one year low of $89.32 and a one year high of $119.10. The company’s fifty day moving average price is $110.45 and its two-hundred day moving average price is $108.58. The company has a market capitalization of $23.78 billion, a price-to-earnings ratio of 14.69 and a beta of 0.52. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.36 and a quick ratio of 0.36.

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

Loews Announces Dividend

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

Insider Transactions at Loews

In related news, Director Dino Robusto bought 5,000 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was purchased at an average price of $104.74 per share, with a total value of $523,700.00. Following the completion of the transaction, the director directly owned 10,235 shares of the company’s stock, valued at $1,072,013.90. This trade represents a 95.51% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 19.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Loews from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Loews has an average rating of “Buy”.

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.