Loews Corporation $L Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. increased its position in shares of Loews Corporation (NYSE:L) by 41.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,936 shares of the insurance provider’s stock after buying an additional 7,894 shares during the quarter. Pacer Advisors Inc.’s holdings in Loews were worth $2,837,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in L. Vanguard Group Inc. raised its position in Loews by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 19,426,064 shares of the insurance provider’s stock valued at $2,045,759,000 after purchasing an additional 108,882 shares during the period. Norges Bank purchased a new position in shares of Loews during the 4th quarter worth $577,279,000. Geode Capital Management LLC grew its holdings in shares of Loews by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 4,999,186 shares of the insurance provider’s stock worth $524,599,000 after purchasing an additional 271,234 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Loews by 9.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,984,234 shares of the insurance provider’s stock worth $419,581,000 after purchasing an additional 344,995 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Loews by 0.4% during the 3rd quarter. Invesco Ltd. now owns 3,363,861 shares of the insurance provider’s stock worth $337,698,000 after purchasing an additional 12,311 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Loews Stock Up 2.3%

Loews stock opened at $110.60 on Wednesday. The company has a market capitalization of $22.76 billion, a PE ratio of 14.05 and a beta of 0.53. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.36 and a current ratio of 0.36. Loews Corporation has a fifty-two week low of $88.76 and a fifty-two week high of $114.90. The firm has a 50 day moving average price of $107.93 and a 200 day moving average price of $107.13.

Loews (NYSE:L) last released its quarterly earnings results 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 for the quarter.

Loews Announces Dividend

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

Insider Buying and Selling

In other news, Director Dino Robusto bought 5,000 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was bought at an average cost of $104.74 per share, for a total transaction of $523,700.00. Following the acquisition, the director directly owned 10,235 shares of the company’s stock, valued at $1,072,013.90. The trade was a 95.51% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 19.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Loews in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Strong 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.