MUFG Securities EMEA plc Acquires 39,825 Shares of Loews Corporation $L

MUFG Securities EMEA plc lifted its holdings in shares of Loews Corporation (NYSE:L) by 1,223.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,081 shares of the insurance provider’s stock after acquiring an additional 39,825 shares during the quarter. MUFG Securities EMEA plc’s holdings in Loews were worth $4,537,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new position in shares of Loews during the 4th quarter worth approximately $27,000. Harbor Investment Advisory LLC bought a new position in shares of Loews during the 4th quarter worth approximately $30,000. Private Trust Co. NA lifted its holdings in Loews by 896.7% during the 4th quarter. Private Trust Co. NA now owns 299 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 269 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in Loews during the 3rd quarter worth approximately $30,000. Finally, Westfuller Advisors LLC acquired a new stake in Loews during the 4th quarter worth approximately $36,000. 58.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (a-)” rating on shares of Loews in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Loews currently has an average rating of “Strong Buy”.

Loews Stock Performance

NYSE:L opened at $103.61 on Monday. The stock has a market cap of $21.32 billion, a P/E ratio of 13.17 and a beta of 0.53. The stock has a 50 day simple moving average of $107.95 and a 200 day simple moving average of $106.99. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.46. Loews Corporation has a 1-year low of $86.77 and a 1-year high of $114.90.

Loews (NYSE:L) last released its quarterly earnings results on Monday, May 4th. The insurance provider reported $1.63 earnings per share for the quarter. The business had revenue of $4.56 billion during the quarter. Loews had a return on equity of 8.51% and a net margin of 8.83%.

Loews Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.25 annualized dividend and a yield of 0.2%. Loews’s payout ratio is currently 3.18%.

Insiders Place Their Bets

In other Loews news, Director Andrew H. Tisch sold 50,000 shares of Loews stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $108.81, for a total value of $5,440,500.00. Following the completion of the transaction, the director directly owned 12,480,400 shares of the company’s stock, valued at $1,357,992,324. The trade was a 0.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 19.00% of the stock is owned by corporate 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.