Teacher Retirement System of Texas Purchases 10,512 Shares of Loews Corporation $L

Teacher Retirement System of Texas raised its position in Loews Corporation (NYSE:L) by 38.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 37,589 shares of the insurance provider’s stock after purchasing an additional 10,512 shares during the quarter. Teacher Retirement System of Texas’ holdings in Loews were worth $3,445,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Aaron Wealth Advisors LLC raised its stake in shares of Loews by 3.9% in the second quarter. Aaron Wealth Advisors LLC now owns 3,754 shares of the insurance provider’s stock valued at $344,000 after acquiring an additional 142 shares during the last quarter. BSW Wealth Partners increased its holdings in Loews by 5.4% during the 2nd quarter. BSW Wealth Partners now owns 2,812 shares of the insurance provider’s stock valued at $258,000 after purchasing an additional 143 shares in the last quarter. Fielder Capital Group LLC increased its holdings in Loews by 1.1% during the 2nd quarter. Fielder Capital Group LLC now owns 13,775 shares of the insurance provider’s stock valued at $1,263,000 after purchasing an additional 150 shares in the last quarter. Signaturefd LLC raised its position in Loews by 4.0% in the 1st quarter. Signaturefd LLC now owns 3,940 shares of the insurance provider’s stock valued at $362,000 after purchasing an additional 152 shares during the last quarter. Finally, Flynn Zito Capital Management LLC boosted its stake in Loews by 5.9% in the first quarter. Flynn Zito Capital Management LLC now owns 3,309 shares of the insurance provider’s stock worth $304,000 after purchasing an additional 183 shares in the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

Loews Stock Performance

L stock opened at $99.56 on Friday. The company has a 50 day moving average price of $98.73 and a 200 day moving average price of $93.03. Loews Corporation has a fifty-two week low of $75.16 and a fifty-two week high of $103.52. 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 stock has a market capitalization of $20.65 billion, a PE ratio of 15.83 and a beta of 0.73.

Loews (NYSE:L) last released its 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 20th were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Wednesday, August 20th. Loews’s dividend payout ratio (DPR) is presently 3.97%.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (b+)” rating on shares of Loews in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Loews currently has a consensus rating of “Buy”.

Loews Company Profile

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.