Loews Corporation $L Stock Position Raised by Cooper Investors PTY Ltd.

Cooper Investors PTY Ltd. boosted its position in shares of Loews Corporation (NYSE:L) by 317.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,210 shares of the insurance provider’s stock after purchasing an additional 17,647 shares during the period. Loews comprises about 1.3% of Cooper Investors PTY Ltd.’s investment portfolio, making the stock its 24th biggest position. Cooper Investors PTY Ltd.’s holdings in Loews were worth $2,424,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. bought a new stake in Loews during the second quarter worth about $26,000. Fiduciary Financial Advisors acquired a new stake in shares of Loews during the second quarter worth approximately $26,000. Keating Financial Advisory Services Inc. bought a new position in shares of Loews in the second quarter valued at approximately $28,000. SHP Wealth Management bought a new position in shares of Loews in the fourth quarter valued at approximately $35,000. Finally, Elevation Wealth Partners LLC raised its stake in shares of Loews by 245.9% in the third quarter. Elevation Wealth Partners LLC now owns 422 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 300 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Loews Price Performance

Shares of L stock traded up $0.71 during trading hours on Tuesday, hitting $108.49. 652,457 shares of the company’s stock were exchanged, compared to its average volume of 800,167. The stock’s 50-day moving average is $109.28 and its 200-day moving average is $109.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a market cap of $22.18 billion, a price-to-earnings ratio of 13.29 and a beta of 0.50. Loews Corporation has a 52 week low of $97.38 and a 52 week high of $121.01.

Loews (NYSE:L) last released its quarterly earnings results on Monday, August 3rd. The insurance provider reported $2.16 earnings per share (EPS) for the quarter. Loews had a return on equity of 8.60% and a net margin of 9.02%. The business had revenue of $4.73 billion during the quarter.

Loews Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.25 dividend on an annualized basis and a yield of 0.2%. Loews’s dividend payout ratio is currently 3.06%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Loews from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Loews Profile

Loews Corporation (NYSE:L) is a diversified holding company headquartered in New York City. Its principal businesses operate in insurance, energy infrastructure, hospitality and packaging, giving the company exposure to several industries rather than relying on a single operating segment.

Loews owns a controlling interest in CNA Financial, a commercial property and casualty insurance company that provides insurance products and services to businesses and organizations. It also owns Boardwalk Pipelines, which operates interstate natural gas transmission and storage systems, and Loews Hotels & Co, a hospitality company that manages and develops hotels and resorts in the United States and Canada.