Loews Corporation Announces Quarterly Dividend of $0.06 (NYSE:L)

Loews Corporation (NYSE:L) declared a quarterly dividend on Tuesday, August 4th. Shareholders of record on Wednesday, August 19th will be given a dividend of 0.0625 per share by the insurance provider on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, August 19th.

Loews Trading Down 0.3%

Shares of L opened at $115.94 on Wednesday. The firm has a market cap of $23.86 billion, a price-to-earnings ratio of 14.73 and a beta of 0.52. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.36 and a current ratio of 0.36. Loews has a fifty-two week low of $92.25 and a fifty-two week high of $121.01. The firm has a 50 day moving average price of $111.91 and a 200-day moving average price of $109.30.

Loews (NYSE:L) last released its earnings results on Monday, August 3rd. The insurance provider reported $2.16 EPS for the quarter. The company had revenue of $4.73 billion for the quarter. Loews had a net margin of 9.02% and a return on equity of 8.66%.

Insider Transactions at Loews

In other news, Director Dino Robusto acquired 5,000 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were purchased at an average price of $104.74 per share, for a total transaction of $523,700.00. Following the completion of the transaction, the director owned 10,235 shares of the company’s stock, valued at $1,072,013.90. The trade was a 95.51% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 19.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of L. DV Equities LLC bought a new stake in shares of Loews in the 4th quarter worth approximately $25,000. Harbor Capital Advisors Inc. bought a new position in shares of Loews during the fourth quarter valued at approximately $27,000. Private Trust Co. NA lifted its stake in Loews by 896.7% in the fourth quarter. Private Trust Co. NA now owns 299 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 269 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in Loews in the third quarter worth $30,000. Finally, SHP Wealth Management bought a new stake in Loews in the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 58.33% of the company’s stock.

About Loews

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.