Aware Super Pty Ltd as trustee of Aware Super Buys Shares of 28,070 Loews Corporation $L

Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in Loews Corporation (NYSE:L) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 28,070 shares of the insurance provider’s stock, valued at approximately $2,996,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in L. DV Equities LLC bought a new position in Loews during the fourth quarter worth about $25,000. Harbor Capital Advisors Inc. bought a new position in Loews during the 4th quarter worth $27,000. Harbor Investment Advisory LLC acquired a new stake in shares of Loews during the fourth quarter worth $30,000. Private Trust Co. NA boosted its position in shares of Loews by 896.7% in the fourth quarter. Private Trust Co. NA now owns 299 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 269 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in shares of Loews in the third quarter valued at about $30,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Loews from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Loews has an average rating of “Buy”.

Insider Buying and Selling at Loews

In other Loews news, Director Dino Robusto bought 5,000 shares of Loews stock in a transaction that occurred on Friday, May 29th. The shares were bought at an average price of $104.74 per share, with a total value of $523,700.00. Following the acquisition, the director owned 10,235 shares in the company, valued at approximately $1,072,013.90. This trade represents a 95.51% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 19.00% of the company’s stock.

Loews Trading Up 0.5%

Shares of L stock opened at $114.47 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.36 and a current ratio of 0.36. The company has a market capitalization of $23.55 billion, a price-to-earnings ratio of 14.55 and a beta of 0.52. The company has a 50-day simple moving average of $109.60 and a two-hundred day simple moving average of $108.30. Loews Corporation has a 52-week low of $89.32 and a 52-week high of $119.10.

Loews (NYSE:L) last released its earnings results on Monday, May 4th. The insurance provider reported $1.63 earnings per share (EPS) for the quarter. The business had revenue of $4.55 billion during the quarter. Loews had a return on equity of 8.51% and a net margin of 8.83%.

Loews Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.25 annualized dividend and a yield of 0.2%. Loews’s payout ratio is 3.18%.

Loews Company 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.