Loews Corporation (L) to Issue Quarterly Dividend of $0.06 on March 10th

Loews Corporation (NYSE:L) announced a quarterly dividend on Tuesday, February 10th. Investors of record on Wednesday, February 25th will be paid a dividend of 0.0625 per share by the insurance provider on Tuesday, March 10th. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, February 25th.

Loews Trading Up 0.2%

NYSE:L opened at $110.13 on Thursday. The company has a market cap of $22.76 billion, a PE ratio of 13.80 and a beta of 0.61. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.44. The company has a 50 day simple moving average of $105.24 and a two-hundred day simple moving average of $101.27. Loews has a 12 month low of $78.98 and a 12 month high of $114.90.

Loews (NYSE:L) last issued its quarterly earnings data 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 8.99% and a net margin of 9.03%.

Insiders Place Their Bets

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 stock was sold at an average price of $110.16, for a total value of $211,727.52. Following the completion of the transaction, the director directly owned 4,998 shares in the company, valued at $550,579.68. This represents a 27.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Charles M. Diker sold 1,442 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $107.93, for a total transaction of $155,635.06. Following the sale, the director directly owned 21,594 shares of the company’s stock, valued at approximately $2,330,640.42. This trade represents a 6.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 131,187 shares of company stock valued at $13,921,541. Insiders own 19.00% of the company’s stock.

Hedge Funds Weigh In On Loews

Several institutional investors have recently bought and sold shares of the stock. SJS Investment Consulting Inc. lifted its stake in Loews by 880.8% in the 3rd quarter. SJS Investment Consulting Inc. now owns 255 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 229 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of Loews during the second quarter valued at about $27,000. Harbor Capital Advisors Inc. bought a new stake in shares of Loews in the fourth quarter worth about $27,000. Harbor Investment Advisory LLC purchased a new stake in shares of Loews in the fourth quarter worth about $30,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in shares of Loews in the third quarter worth about $30,000. 58.33% of the stock is owned by hedge funds and other institutional investors.

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.