Loews Corporation $L Position Reduced by Greenleaf Trust

Greenleaf Trust trimmed its stake in shares of Loews Corporation (NYSE:L) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,992 shares of the insurance provider’s stock after selling 211 shares during the quarter. Greenleaf Trust’s holdings in Loews were worth $824,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC boosted its stake in Loews by 12.5% during the 2nd quarter. V Square Quantitative Management LLC now owns 3,635 shares of the insurance provider’s stock valued at $333,000 after acquiring an additional 403 shares during the last quarter. Patton Fund Management Inc. bought a new position in Loews during the 2nd quarter valued at $237,000. Novem Group boosted its stake in Loews by 3.2% during the 2nd quarter. Novem Group now owns 10,257 shares of the insurance provider’s stock valued at $940,000 after acquiring an additional 321 shares during the last quarter. Brewster Financial Planning LLC boosted its stake in Loews by 33.3% during the 2nd quarter. Brewster Financial Planning LLC now owns 4,802 shares of the insurance provider’s stock valued at $440,000 after acquiring an additional 1,200 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Loews by 10.4% during the 2nd quarter. GAMMA Investing LLC now owns 8,074 shares of the insurance provider’s stock valued at $740,000 after acquiring an additional 761 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors.

Loews Trading Up 1.6%

Loews stock opened at $101.71 on Friday. The firm’s 50-day moving average is $95.88 and its 200-day moving average is $91.05. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.33 and a current ratio of 0.33. Loews Corporation has a 1 year low of $75.16 and a 1 year high of $101.79. The company has a market cap of $21.10 billion, a P/E ratio of 16.17 and a beta of 0.73.

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. Loews had a net margin of 7.47% and a return on equity of 7.43%. The company had revenue of $4.56 billion for the quarter.

Loews Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 20th were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Wednesday, August 20th. Loews’s dividend payout ratio (DPR) is presently 3.97%.

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.