XTX Topco Ltd Has $224,000 Stake in Loews Corporation (NYSE:L)

XTX Topco Ltd trimmed its position in shares of Loews Corporation (NYSE:L) by 90.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 2,438 shares of the insurance provider’s stock after selling 24,112 shares during the period. XTX Topco Ltd’s holdings in Loews were worth $224,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Wayfinding Financial LLC acquired a new position in shares of Loews in the first quarter valued at $25,000. Minot DeBlois Advisors LLC acquired a new position in shares of Loews in the fourth quarter valued at $27,000. Sierra Ocean LLC raised its stake in shares of Loews by 805.9% in the first quarter. Sierra Ocean LLC now owns 308 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 274 shares in the last quarter. Itau Unibanco Holding S.A. raised its stake in shares of Loews by 387.6% in the fourth quarter. Itau Unibanco Holding S.A. now owns 434 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 345 shares in the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of Loews in the first quarter valued at $40,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Loews Price Performance

Shares of L stock opened at $94.35 on Wednesday. The stock’s fifty day moving average is $90.79 and its 200-day moving average is $87.99. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $19.57 billion, a PE ratio of 15.00 and a beta of 0.69. Loews Corporation has a 52 week low of $75.16 and a 52 week high of $94.62.

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

Loews Announces Dividend

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

About Loews

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.