5,917 Shares in Loews Corporation $L Bought by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. acquired a new position in shares of Loews Corporation (NYSE:L) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,917 shares of the insurance provider’s stock, valued at approximately $670,000.

Several other hedge funds have also recently bought and sold shares of the company. Citizens Financial Group Inc. RI acquired a new stake in shares of Loews in the 2nd quarter valued at $210,000. Buckland Partners Management Co LLC acquired a new position in shares of Loews during the 2nd quarter worth $2,717,000. Paladin Partners LLC bought a new stake in shares of Loews during the 2nd quarter worth $30,000. BlackRock Inc. bought a new stake in shares of Loews during the 2nd quarter worth $1,621,369,000. Finally, Deutsche Bank AG acquired a new stake in Loews in the second quarter valued at about $69,529,000. 58.33% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Loews news, Director Dino Robusto bought 5,000 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was bought at an average cost of $104.74 per share, with a total value of $523,700.00. Following the completion of the transaction, the director directly owned 10,235 shares in the company, valued at approximately $1,072,013.90. The trade was a 95.51% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 19.00% of the company’s stock.

Loews Stock Down 0.4%

Shares of NYSE L opened at $110.73 on Friday. The company’s 50 day moving average price is $113.70 and its 200-day moving average price is $110.18. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.36 and a current ratio of 0.36. Loews Corporation has a 52-week low of $95.10 and a 52-week high of $121.01. The company has a market capitalization of $22.64 billion, a P/E ratio of 13.57 and a beta of 0.52.

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

Loews Announces Dividend

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

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Loews from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Loews 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.