Loews Corporation (L) To Go Ex-Dividend on May 27th

Loews Corporation (NYSE:L) announced a quarterly dividend on Tuesday, May 12th. Shareholders of record on Wednesday, May 27th will be paid a dividend of 0.0625 per share by the insurance provider on Tuesday, June 9th. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, May 27th.

Loews Stock Up 0.1%

Shares of NYSE L opened at $108.97 on Monday. Loews has a 12-month low of $86.77 and a 12-month high of $114.90. The company has a market capitalization of $22.42 billion, a PE ratio of 13.85 and a beta of 0.56. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.36 and a quick ratio of 0.36. The firm’s 50-day moving average is $108.07 and its two-hundred day moving average is $106.82.

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

Insiders Place Their Bets

In related news, Director Andrew H. Tisch sold 50,000 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $108.81, for a total transaction of $5,440,500.00. Following the transaction, the director directly owned 12,480,400 shares in the company, valued at approximately $1,357,992,324. This represents a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 19.00% of the company’s stock.

Hedge Funds Weigh In On Loews

A number of large investors have recently bought and sold shares of the stock. Lido Advisors LLC grew its position in Loews by 3.9% in the first quarter. Lido Advisors LLC now owns 2,594 shares of the insurance provider’s stock worth $277,000 after acquiring an additional 97 shares in the last quarter. Hancock Whitney Corp grew its position in Loews by 3.9% in the third quarter. Hancock Whitney Corp now owns 2,618 shares of the insurance provider’s stock worth $263,000 after acquiring an additional 98 shares in the last quarter. IFM Investors Pty Ltd grew its position in Loews by 0.3% in the fourth quarter. IFM Investors Pty Ltd now owns 31,867 shares of the insurance provider’s stock worth $3,356,000 after acquiring an additional 100 shares in the last quarter. Independent Advisor Alliance grew its position in Loews by 4.3% in the fourth quarter. Independent Advisor Alliance now owns 2,603 shares of the insurance provider’s stock worth $274,000 after acquiring an additional 107 shares in the last quarter. Finally, Ballentine Partners LLC grew its position in Loews by 2.7% in the fourth quarter. Ballentine Partners LLC now owns 4,197 shares of the insurance provider’s stock worth $442,000 after acquiring an additional 111 shares in the last quarter. 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.