Loews Corporation $L Shares Acquired by Jump Financial LLC

Jump Financial LLC grew its holdings in Loews Corporation (NYSE:L) by 52.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,712 shares of the insurance provider’s stock after purchasing an additional 1,270 shares during the quarter. Jump Financial LLC’s holdings in Loews were worth $341,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Northern Trust Corp grew its position in shares of Loews by 7.2% in the first quarter. Northern Trust Corp now owns 2,249,036 shares of the insurance provider’s stock valued at $206,709,000 after purchasing an additional 151,428 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Loews by 17.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,423,409 shares of the insurance provider’s stock worth $120,549,000 after acquiring an additional 207,568 shares during the last quarter. California State Teachers Retirement System boosted its position in Loews by 7.2% during the fourth quarter. California State Teachers Retirement System now owns 758,592 shares of the insurance provider’s stock worth $64,245,000 after acquiring an additional 51,028 shares during the last quarter. Hsbc Holdings PLC boosted its position in Loews by 1.3% during the first quarter. Hsbc Holdings PLC now owns 724,190 shares of the insurance provider’s stock worth $66,463,000 after acquiring an additional 9,357 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Loews by 10,114.9% during the first quarter. GAMMA Investing LLC now owns 672,138 shares of the insurance provider’s stock worth $61,776,000 after acquiring an additional 665,558 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Loews Stock Performance

NYSE:L opened at $96.20 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.43. The company has a market cap of $19.95 billion, a P/E ratio of 15.29 and a beta of 0.73. Loews Corporation has a fifty-two week low of $75.16 and a fifty-two week high of $97.41. The firm’s 50 day moving average is $92.96 and its two-hundred day moving average is $89.10.

Loews (NYSE:L) last posted its quarterly earnings results on Monday, August 4th. The insurance provider reported $1.87 earnings per share for the quarter. The company had revenue of $4.56 billion for the quarter. Loews had a net margin of 7.47% and a return on equity of 7.43%.

Loews Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Loews from a “hold” rating to a “buy” rating in a research report on Tuesday, May 6th.

Loews 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.