Loews Corporation $L Shares Purchased by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC boosted its holdings in Loews Corporation (NYSE:L) by 16.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 21,114 shares of the insurance provider’s stock after buying an additional 2,936 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Loews were worth $1,941,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in L. GAMMA Investing LLC increased its stake in Loews by 10,114.9% during the first quarter. GAMMA Investing LLC now owns 672,138 shares of the insurance provider’s stock worth $61,776,000 after acquiring an additional 665,558 shares during the last quarter. Nuveen LLC acquired a new stake in Loews during the first quarter worth about $34,166,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Loews by 17.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,423,409 shares of the insurance provider’s stock worth $120,549,000 after acquiring an additional 207,568 shares during the last quarter. Northern Trust Corp increased its stake in Loews by 7.2% during the first quarter. Northern Trust Corp now owns 2,249,036 shares of the insurance provider’s stock worth $206,709,000 after acquiring an additional 151,428 shares during the last quarter. Finally, Millennium Management LLC increased its stake in Loews by 140.4% during the first quarter. Millennium Management LLC now owns 251,175 shares of the insurance provider’s stock worth $23,085,000 after acquiring an additional 146,695 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Loews Stock Performance

Shares of NYSE:L opened at $95.93 on Wednesday. The firm has a market capitalization of $19.90 billion, a PE ratio of 15.25 and a beta of 0.73. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.33 and a quick ratio of 0.33. The business has a 50-day moving average of $93.55 and a two-hundred day moving average of $89.57. Loews Corporation has a 12 month low of $75.16 and a 12 month high of $97.77.

Loews (NYSE:L) last announced its quarterly earnings results on Monday, August 4th. The insurance provider reported $1.87 EPS for the quarter. The company had revenue of $4.56 billion during the quarter. Loews had a return on equity of 7.43% and a net margin of 7.47%.

Loews Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 20th were paid a dividend of $0.0625 per share. The ex-dividend date was Wednesday, August 20th. This represents a $0.25 annualized dividend and a yield of 0.3%. Loews’s dividend payout ratio is currently 3.97%.

About Loews

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.