Cambria Investment Management L.P. Has $10.15 Million Holdings in Loews Corporation $L

Cambria Investment Management L.P. raised its position in Loews Corporation (NYSE:L) by 1,904.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 101,088 shares of the insurance provider’s stock after purchasing an additional 96,044 shares during the period. Cambria Investment Management L.P.’s holdings in Loews were worth $10,148,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. SJS Investment Consulting Inc. boosted its position in shares of Loews by 880.8% during the third quarter. SJS Investment Consulting Inc. now owns 255 shares of the insurance provider’s stock worth $26,000 after buying an additional 229 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in Loews in the 2nd quarter valued at approximately $27,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in Loews in the 3rd quarter valued at approximately $30,000. Westside Investment Management Inc. lifted its stake in Loews by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 370 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 185 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its stake in Loews by 108.3% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 450 shares of the insurance provider’s stock valued at $45,000 after acquiring an additional 234 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Loews Price Performance

Shares of NYSE L opened at $106.08 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average price is $107.28 and its two-hundred day moving average price is $103.91. The company has a market cap of $21.86 billion, a PE ratio of 13.29 and a beta of 0.60. Loews Corporation has a twelve month low of $78.98 and a twelve month high of $114.90.

Loews (NYSE:L) last issued its earnings results on Monday, February 9th. The insurance provider reported $1.94 EPS for the quarter. The company had revenue of $4.73 billion during 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 declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $0.25 annualized dividend and a yield of 0.2%. Loews’s dividend payout ratio (DPR) is currently 3.13%.

Insiders Place Their Bets

In other Loews news, VP Marc A. Alpert sold 3,495 shares of Loews stock in a transaction on Tuesday, February 10th. The shares were 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 directly owned 16,325 shares of the company’s stock, valued at $1,793,627.75. The trade was a 17.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ann E. Berman sold 1,922 shares of the company’s stock in a transaction 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 transaction, the director owned 4,998 shares in the company, valued at approximately $550,579.68. This represents a 27.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 105,417 shares of company stock valued at $11,549,723 over the last ninety days. 19.00% of the stock is currently owned by company insiders.

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.