Cooper Investors PTY Ltd. Makes New $630,000 Investment in Loews Corporation $L

Cooper Investors PTY Ltd. bought a new stake in shares of Loews Corporation (NYSE:L) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,563 shares of the insurance provider’s stock, valued at approximately $630,000.

Several other large investors have also modified their holdings of the business. Versant Capital Management Inc lifted its position in shares of Loews by 32.2% in the 2nd quarter. Versant Capital Management Inc now owns 2,981 shares of the insurance provider’s stock worth $337,000 after purchasing an additional 726 shares during the period. CX Institutional increased its holdings in Loews by 5.3% during the second quarter. CX Institutional now owns 2,128 shares of the insurance provider’s stock valued at $241,000 after buying an additional 107 shares during the period. NewEdge Advisors LLC increased its holdings in Loews by 2.3% during the first quarter. NewEdge Advisors LLC now owns 4,168 shares of the insurance provider’s stock valued at $445,000 after buying an additional 95 shares during the period. First Nebraska Trust Co bought a new position in Loews in the first quarter worth approximately $254,000. Finally, Summitry LLC raised its stake in Loews by 9.0% in the first quarter. Summitry LLC now owns 3,092 shares of the insurance provider’s stock worth $330,000 after buying an additional 256 shares in the last quarter. Institutional investors own 58.33% of the company’s stock.

Insider Transactions 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 cost of $104.74 per share, with a total value of $523,700.00. Following the transaction, the director directly owned 10,235 shares of the company’s stock, valued at approximately $1,072,013.90. This represents a 95.51% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 19.00% of the stock is owned by corporate insiders.

Loews Trading Down 0.3%

NYSE:L opened at $115.94 on Wednesday. The stock has a market capitalization of $23.86 billion, a price-to-earnings ratio of 14.73 and a beta of 0.52. Loews Corporation has a 52 week low of $92.25 and a 52 week high of $121.01. 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 firm has a 50 day moving average of $111.91 and a 200 day moving average of $109.30.

Loews (NYSE:L) last released its quarterly earnings results on Monday, August 3rd. The insurance provider reported $2.16 earnings per share (EPS) for the quarter. The business 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%.

Loews Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.2%. The ex-dividend date is Wednesday, August 19th. Loews’s payout ratio is 3.18%.

Analyst Ratings Changes

Separately, Weiss Ratings raised Loews from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Loews currently 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.