4,899 Shares in Loews Corporation $L Purchased by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas acquired a new position in shares of Loews Corporation (NYSE:L) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,899 shares of the insurance provider’s stock, valued at approximately $523,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Loews by 12.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 369,994 shares of the insurance provider’s stock worth $38,724,000 after acquiring an additional 39,968 shares during the last quarter. UBS Group AG raised its position in Loews by 4.8% in the 4th quarter. UBS Group AG now owns 811,194 shares of the insurance provider’s stock valued at $85,427,000 after purchasing an additional 37,327 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Loews by 294.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 148,560 shares of the insurance provider’s stock worth $15,645,000 after purchasing an additional 110,901 shares during the period. Swedbank AB boosted its stake in Loews by 4.8% during the 4th quarter. Swedbank AB now owns 464,458 shares of the insurance provider’s stock worth $48,912,000 after purchasing an additional 21,352 shares during the period. Finally, QRG Capital Management Inc. grew its position in Loews by 37.4% during the 4th quarter. QRG Capital Management Inc. now owns 37,538 shares of the insurance provider’s stock worth $3,953,000 after purchasing an additional 10,216 shares during the last quarter. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Loews from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Insider Buying and Selling

In other Loews news, Director Dino Robusto acquired 5,000 shares of the stock in a transaction on Friday, May 29th. The shares were bought at an average price of $104.74 per share, with a total value of $523,700.00. Following the acquisition, the director owned 10,235 shares of the company’s stock, valued at $1,072,013.90. This trade represents a 95.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 19.00% of the stock is currently owned by insiders.

Loews Stock Performance

Shares of L opened at $116.40 on Friday. The stock has a market capitalization of $23.95 billion, a P/E ratio of 14.79 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 Corporation has a 1 year low of $89.32 and a 1 year high of $121.01. The company’s fifty day moving average is $111.49 and its two-hundred day moving average is $109.04.

Loews (NYSE:L) last released its earnings results on Monday, May 4th. The insurance provider reported $1.63 EPS for the quarter. The company had revenue of $4.55 billion during the quarter. Loews had a net margin of 8.83% and a return on equity of 8.51%.

Loews Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th were given a $0.0625 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $0.25 dividend on an annualized basis and a yield of 0.2%. Loews’s dividend payout ratio (DPR) is presently 3.18%.

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.