Loews Corporation (L) To Go Ex-Dividend on August 19th

Loews Corporation (NYSE:L) announced a quarterly dividend on Tuesday, August 4th. Shareholders of record on Wednesday, August 19th will be paid a dividend of 0.0625 per share by the insurance provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, August 19th.

Loews Price Performance

L opened at $115.62 on Thursday. The stock’s 50-day moving average price is $112.08 and its 200 day moving average price is $109.39. Loews has a 12-month low of $92.93 and a 12-month high of $121.01. The firm has a market cap of $23.64 billion, a price-to-earnings ratio of 14.17 and a beta of 0.52. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.44.

Loews (NYSE:L) last issued its quarterly earnings results on Monday, August 3rd. The insurance provider reported $2.16 earnings per share (EPS) for the quarter. The business had revenue of $4.73 billion for the quarter. Loews had a net margin of 9.02% and a return on equity of 8.60%.

Insider Transactions at Loews

In other news, Director Dino Robusto purchased 5,000 shares of the business’s stock in a transaction on Friday, May 29th. The shares were bought 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 in the company, valued at approximately $1,072,013.90. This represents a 95.51% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 19.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Loews

A number of hedge funds and other institutional investors have recently made changes to their positions in L. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Loews by 12.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 369,994 shares of the insurance provider’s stock worth $38,724,000 after buying an additional 39,968 shares during the period. UBS Group AG lifted its position in Loews by 4.8% during the 4th quarter. UBS Group AG now owns 811,194 shares of the insurance provider’s stock worth $85,427,000 after acquiring an additional 37,327 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Loews by 294.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 148,560 shares of the insurance provider’s stock worth $15,645,000 after acquiring an additional 110,901 shares during the period. Swedbank AB lifted its position in shares of Loews by 4.8% during the fourth quarter. Swedbank AB now owns 464,458 shares of the insurance provider’s stock worth $48,912,000 after purchasing an additional 21,352 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its stake in shares of Loews by 37.4% in the fourth 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 period. Hedge funds and other institutional investors own 58.33% of the company’s stock.

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.