Capitolis Liquid Global Markets LLC Invests $10.64 Million in Loews Corporation $L

Capitolis Liquid Global Markets LLC purchased a new stake in shares of Loews Corporation (NYSE:L) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 106,000 shares of the insurance provider’s stock, valued at approximately $10,641,000. Capitolis Liquid Global Markets LLC owned approximately 0.05% of Loews at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CPC Advisors LLC bought a new stake in Loews in the 3rd quarter worth about $6,568,000. Swedbank AB lifted its stake in Loews by 9.7% during the 3rd quarter. Swedbank AB now owns 443,106 shares of the insurance provider’s stock valued at $44,483,000 after acquiring an additional 39,313 shares during the period. Cibc World Market Inc. boosted its holdings in shares of Loews by 448.6% during the 3rd quarter. Cibc World Market Inc. now owns 24,540 shares of the insurance provider’s stock valued at $2,464,000 after acquiring an additional 20,067 shares during the last quarter. Caprock Group LLC purchased a new stake in shares of Loews during the 3rd quarter valued at about $2,748,000. Finally, Truist Financial Corp grew its stake in shares of Loews by 388.3% in the third quarter. Truist Financial Corp now owns 14,331 shares of the insurance provider’s stock worth $1,439,000 after acquiring an additional 11,396 shares during the period. 58.33% of the stock is owned by hedge funds and other institutional investors.

Loews Stock Performance

Shares of L opened at $108.02 on Monday. The firm has a market capitalization of $22.26 billion, a P/E ratio of 13.54 and a beta of 0.60. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.36 and a quick ratio of 0.36. Loews Corporation has a one year low of $78.98 and a one year high of $114.90. The business has a fifty day moving average of $107.14 and a 200 day moving average of $103.73.

Loews (NYSE:L) last posted its earnings results on Monday, February 9th. The insurance provider reported $1.94 earnings per share for the quarter. The company had revenue of $4.73 billion for the quarter. Loews had a return on equity of 8.86% and a net margin of 9.03%.

Loews Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 25th were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Wednesday, February 25th. Loews’s dividend payout ratio is 3.13%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (a-)” rating on shares of Loews in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Insider Buying and Selling

In other Loews news, Director Ann E. Berman sold 1,922 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $110.16, for a total transaction of $211,727.52. Following the completion of the sale, the director directly owned 4,998 shares of the company’s stock, valued at approximately $550,579.68. This represents a 27.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Marc A. Alpert sold 3,495 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $109.87, for a total transaction of $383,995.65. Following the completion of the transaction, the vice president owned 16,325 shares in the company, valued at $1,793,627.75. The trade was a 17.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 105,417 shares of company stock valued at $11,549,723. 18.70% of the stock is owned by insiders.

Loews Company 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.