Loews Corporation $L Shares Acquired by O Keefe Stevens Advisory Inc.

O Keefe Stevens Advisory Inc. grew its position in Loews Corporation (NYSE:L) by 0.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 166,196 shares of the insurance provider’s stock after acquiring an additional 1,171 shares during the quarter. Loews comprises approximately 4.3% of O Keefe Stevens Advisory Inc.’s portfolio, making the stock its 5th biggest position. O Keefe Stevens Advisory Inc. owned approximately 0.08% of Loews worth $15,234,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Wayfinding Financial LLC acquired a new stake in shares of Loews in the first quarter valued at approximately $25,000. Sierra Ocean LLC boosted its holdings in shares of Loews by 805.9% in the first quarter. Sierra Ocean LLC now owns 308 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 274 shares during the period. Elequin Capital LP acquired a new stake in shares of Loews in the first quarter valued at approximately $30,000. Zions Bancorporation National Association UT acquired a new stake in shares of Loews in the first quarter valued at approximately $33,000. Finally, NBC Securities Inc. acquired a new stake in shares of Loews in the first quarter valued at approximately $40,000. 58.33% of the stock is owned by institutional investors and hedge funds.

Loews Price Performance

Shares of NYSE L opened at $101.68 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a fifty day moving average price of $96.08 and a 200 day moving average price of $91.18. Loews Corporation has a 1-year low of $75.16 and a 1-year high of $102.41. The company has a market cap of $21.09 billion, a PE ratio of 16.17 and a beta of 0.73.

Loews (NYSE:L) last released its earnings results on Monday, August 4th. The insurance provider reported $1.87 EPS for the quarter. Loews had a return on equity of 7.43% and a net margin of 7.47%.The company had revenue of $4.56 billion during the quarter.

Loews Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 20th were issued a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $0.25 dividend on an annualized basis and a yield of 0.2%. Loews’s dividend payout ratio (DPR) is 3.97%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Loews in a report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Loews Company Profile

Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers specialty insurance products, such as management and professional liability, and other coverage products; surety and fidelity bonds; property insurance products that include standard and excess property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto, surplus, and umbrella coverages.