Quantinno Capital Management LP Has $41.15 Million Holdings in Loews Corporation $L

Quantinno Capital Management LP grew its holdings in Loews Corporation (NYSE:L) by 14.1% in the 1st quarter, Holdings Channel reports. The fund owned 385,466 shares of the insurance provider’s stock after purchasing an additional 47,646 shares during the quarter. Quantinno Capital Management LP’s holdings in Loews were worth $41,145,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of L. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Loews by 12.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 369,994 shares of the insurance provider’s stock worth $38,724,000 after purchasing an additional 39,968 shares during the last quarter. UBS Group AG grew its holdings in shares of Loews by 4.8% during the 4th quarter. UBS Group AG now owns 811,194 shares of the insurance provider’s stock valued at $85,427,000 after purchasing an additional 37,327 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Loews by 294.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 148,560 shares of the insurance provider’s stock valued at $15,645,000 after purchasing an additional 110,901 shares during the last quarter. Swedbank AB grew its holdings in Loews by 4.8% in the 4th quarter. Swedbank AB now owns 464,458 shares of the insurance provider’s stock worth $48,912,000 after acquiring an additional 21,352 shares during the last quarter. Finally, QRG Capital Management Inc. raised its position in Loews by 37.4% during the 4th quarter. QRG Capital Management Inc. now owns 37,538 shares of the insurance provider’s stock valued at $3,953,000 after purchasing an additional 10,216 shares during the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

Insiders Place Their Bets

In other Loews news, Director Dino Robusto bought 5,000 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was acquired at an average price of $104.74 per share, with a total value of $523,700.00. Following the transaction, the director owned 10,235 shares in the company, valued at $1,072,013.90. This represents a 95.51% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 19.00% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Loews from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Loews Price Performance

Shares of L opened at $116.40 on Friday. The company has a market capitalization of $23.95 billion, a P/E ratio of 14.79 and a beta of 0.52. Loews Corporation has a twelve month low of $89.32 and a twelve month high of $121.01. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average of $111.49 and a 200 day moving average of $109.04.

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

Loews Dividend Announcement

The firm also recently disclosed 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 dividend payout ratio (DPR) is presently 3.18%.

Loews Profile

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.