RB Capital Management LLC Acquires New Holdings in Loews Corporation $L

RB Capital Management LLC bought a new position in Loews Corporation (NYSE:L) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,000 shares of the insurance provider’s stock, valued at approximately $679,000.

A number of other large investors have also recently added to or reduced their stakes in L. DV Equities LLC bought a new position in shares of Loews in the fourth quarter valued at approximately $25,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Loews during the 2nd quarter worth $26,000. Fiduciary Financial Advisors bought a new stake in shares of Loews during the 2nd quarter worth $26,000. Keating Financial Advisory Services Inc. acquired a new position in Loews in the 2nd quarter valued at $28,000. Finally, Paladin Partners LLC acquired a new position in Loews in the 2nd quarter valued at $30,000. Institutional investors own 58.33% of the company’s stock.

Loews Stock Performance

L opened at $109.71 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.44. The stock’s 50 day moving average price is $114.01 and its two-hundred day moving average price is $110.24. The firm has a market capitalization of $22.43 billion, a P/E ratio of 13.44 and a beta of 0.52. Loews Corporation has a 12-month low of $95.10 and a 12-month high of $121.01.

Loews (NYSE:L) last posted its quarterly earnings data on Monday, August 3rd. The insurance provider reported $2.16 earnings per share for the quarter. The company had revenue of $4.73 billion during the quarter. Loews had a return on equity of 8.60% and a net margin of 9.02%.

Loews Dividend Announcement

The business 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 $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, August 19th. Loews’s dividend payout ratio (DPR) is presently 3.06%.

Analyst Ratings Changes

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

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.