Compass Financial Management LLC Invests $1.65 Million in Loews Corporation $L

Compass Financial Management LLC acquired a new position in shares of Loews Corporation (NYSE:L) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 14,608 shares of the insurance provider’s stock, valued at approximately $1,654,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Loews by 12.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 369,994 shares of the insurance provider’s stock valued at $38,724,000 after purchasing an additional 39,968 shares in the last quarter. Deutsche Bank AG acquired a new position in shares of Loews in the 2nd quarter valued at approximately $69,529,000. Danske Bank A S bought a new stake in Loews during the 2nd quarter worth approximately $1,546,000. Summit Global Investments acquired a new stake in Loews during the 2nd quarter worth approximately $1,129,000. Finally, Walleye Capital LLC acquired a new stake in Loews during the 2nd quarter worth approximately $1,605,000. Institutional investors and hedge funds own 58.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Loews from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Loews Price Performance

NYSE L opened at $109.22 on Friday. The firm’s 50 day moving average is $113.81 and its 200-day moving average is $110.21. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $22.33 billion, a PE ratio of 13.38 and a beta of 0.51. Loews Corporation has a 12-month low of $95.10 and a 12-month high of $121.01.

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

Loews Dividend Announcement

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

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.