MUFG Securities EMEA plc Has $4.54 Million Stock Holdings in Loews Corporation $L

MUFG Securities EMEA plc boosted its position in Loews Corporation (NYSE:L) by 1,223.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,081 shares of the insurance provider’s stock after buying an additional 39,825 shares during the quarter. MUFG Securities EMEA plc’s holdings in Loews were worth $4,537,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of L. Norges Bank acquired a new stake in Loews in the 4th quarter valued at approximately $577,279,000. Danske Bank A S acquired a new stake in Loews in the 3rd quarter valued at approximately $35,724,000. Geode Capital Management LLC raised its position in Loews by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 4,999,186 shares of the insurance provider’s stock valued at $524,599,000 after buying an additional 271,234 shares during the last quarter. Arbejdsmarkedets Tillaegspension acquired a new stake in Loews in the 4th quarter valued at approximately $23,883,000. Finally, Dark Forest Capital Management LP raised its position in Loews by 582.8% in the 3rd quarter. Dark Forest Capital Management LP now owns 221,212 shares of the insurance provider’s stock valued at $22,207,000 after buying an additional 188,812 shares during the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

Loews Stock Up 0.1%

L stock opened at $103.61 on Monday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average price of $107.95 and a two-hundred day moving average price of $106.99. The company has a market cap of $21.32 billion, a price-to-earnings ratio of 13.17 and a beta of 0.53. Loews Corporation has a twelve month low of $86.77 and a twelve month high of $114.90.

Loews (NYSE:L) last posted its quarterly earnings results on Monday, May 4th. The insurance provider reported $1.63 earnings per share for the quarter. The firm had revenue of $4.56 billion during the quarter. Loews had a return on equity of 8.51% and a net margin of 8.83%.

Loews Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th will be paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Wednesday, May 27th. Loews’s dividend payout ratio (DPR) is currently 3.18%.

Insiders Place Their Bets

In other Loews news, Director Andrew H. Tisch sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $108.81, for a total value of $5,440,500.00. Following the completion of the transaction, the director directly owned 12,480,400 shares in the company, valued at $1,357,992,324. This trade represents a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 19.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (a-)” rating on shares of Loews in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company has a consensus rating of “Strong Buy”.

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.