WINTON GROUP Ltd trimmed its position in Loews Co. (NYSE:L) by 52.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,132 shares of the insurance provider’s stock after selling 11,297 shares during the quarter. WINTON GROUP Ltd’s holdings in Loews were worth $507,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of L. Calton & Associates Inc. acquired a new position in Loews during the fourth quarter worth $137,000. Tower Research Capital LLC TRC raised its stake in Loews by 387.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,826 shares of the insurance provider’s stock worth $142,000 after acquiring an additional 2,246 shares in the last quarter. Stuart Chaussee & Associates Inc. acquired a new position in Loews during the fourth quarter worth $167,000. Cerebellum GP LLC acquired a new position in Loews during the fourth quarter worth $196,000. Finally, IBM Retirement Fund acquired a new position in Loews during the third quarter worth $200,000. Institutional investors and hedge funds own 64.34% of the company’s stock.
L has been the subject of several recent analyst reports. Desjardins lowered Loews to a “hold” rating and set a $76.00 price objective for the company. in a research note on Tuesday, January 30th. Zacks Investment Research upgraded Loews from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $56.00.
Shares of Loews Co. (NYSE:L) opened at $51.77 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market capitalization of $17,006.85, a price-to-earnings ratio of 14.99 and a beta of 0.72. Loews Co. has a 1-year low of $45.01 and a 1-year high of $53.59.
Loews (NYSE:L) last announced its earnings results on Monday, February 12th. The insurance provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.71 by $0.12. The company had revenue of $3.56 billion for the quarter. Loews had a return on equity of 4.08% and a net margin of 8.47%. Loews’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.73 EPS. research analysts expect that Loews Co. will post 3.5 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend is Tuesday, February 27th. Loews’s payout ratio is presently 7.25%.
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Loews Corporation is a holding company. The Company, through its subsidiaries, is engaged in commercial property and casualty insurance; operation of offshore oil and gas drilling rigs; transportation and storage of natural gas and natural gas liquids, and operation of a chain of hotels. The Company has five segments consisted of its four individual operating subsidiaries, CNA Financial Corporation (CNA), Diamond Offshore Drilling, Inc (Diamond Offshore), Boardwalk Pipeline Partners, LP (Boardwalk Pipeline) and Loews Hotels Holding Corporation (Loews Hotels), and the Corporate segment.
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