Steward Partners Investment Advisory LLC Has $766,000 Stock Holdings in Loews Corporation $L

Steward Partners Investment Advisory LLC raised its position in Loews Corporation (NYSE:L) by 236.8% during the second quarter, Holdings Channel reports. The institutional investor owned 8,360 shares of the insurance provider’s stock after buying an additional 5,878 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Loews were worth $766,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Aaron Wealth Advisors LLC boosted its holdings in Loews by 3.9% in the second quarter. Aaron Wealth Advisors LLC now owns 3,754 shares of the insurance provider’s stock valued at $344,000 after acquiring an additional 142 shares during the last quarter. BSW Wealth Partners lifted its position in Loews by 5.4% during the 2nd quarter. BSW Wealth Partners now owns 2,812 shares of the insurance provider’s stock valued at $258,000 after purchasing an additional 143 shares during the period. Flagship Harbor Advisors LLC lifted its position in Loews by 5.3% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,856 shares of the insurance provider’s stock valued at $262,000 after purchasing an additional 143 shares during the period. Fielder Capital Group LLC boosted its stake in shares of Loews by 1.1% in the 2nd quarter. Fielder Capital Group LLC now owns 13,775 shares of the insurance provider’s stock valued at $1,263,000 after purchasing an additional 150 shares during the last quarter. Finally, Lafayette Investments Inc. grew its position in shares of Loews by 0.3% during the 2nd quarter. Lafayette Investments Inc. now owns 73,393 shares of the insurance provider’s stock worth $6,727,000 after buying an additional 201 shares during the period. Institutional investors own 58.33% of the company’s stock.

Insider Activity at Loews

In other news, Director Charles M. Diker sold 1,442 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $107.93, for a total value of $155,635.06. Following the completion of the transaction, the director owned 21,594 shares in the company, valued at $2,330,640.42. This represents a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann E. Berman sold 1,444 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $108.10, for a total transaction of $156,096.40. Following the sale, the director directly owned 6,686 shares of the company’s stock, valued at $722,756.60. This represents a 17.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 5,770 shares of company stock worth $623,218. Corporate insiders own 18.70% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (a-)” rating on shares of Loews in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Loews Stock Performance

L stock opened at $106.32 on Wednesday. Loews Corporation has a 1-year low of $78.98 and a 1-year high of $109.06. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.43. The firm has a market cap of $21.97 billion, a PE ratio of 16.90 and a beta of 0.61. The business’s 50-day moving average price is $102.24 and its two-hundred day moving average price is $95.84.

Loews (NYSE:L) last announced its quarterly earnings results on Monday, November 3rd. The insurance provider reported $2.43 earnings per share (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 $4.67 billion during the quarter.

Loews Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Wednesday, November 26th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $0.25 dividend on an annualized basis and a yield of 0.2%. Loews’s payout ratio is presently 3.62%.

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.