Inspire Investing LLC Acquires 586 Shares of Loews Corporation $L

Inspire Investing LLC raised its holdings in Loews Corporation (NYSE:L) by 2.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,270 shares of the insurance provider’s stock after purchasing an additional 586 shares during the period. Inspire Investing LLC’s holdings in Loews were worth $2,041,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Aaron Wealth Advisors LLC boosted its holdings in Loews by 3.9% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 3,754 shares of the insurance provider’s stock valued at $344,000 after purchasing an additional 142 shares during the period. BSW Wealth Partners lifted its holdings in shares of Loews by 5.4% during the 2nd quarter. BSW Wealth Partners now owns 2,812 shares of the insurance provider’s stock worth $258,000 after acquiring an additional 143 shares during the period. Signaturefd LLC lifted its holdings in shares of Loews by 4.0% during the 1st quarter. Signaturefd LLC now owns 3,940 shares of the insurance provider’s stock worth $362,000 after acquiring an additional 152 shares during the period. Flynn Zito Capital Management LLC lifted its holdings in shares of Loews by 5.9% during the 1st quarter. Flynn Zito Capital Management LLC now owns 3,309 shares of the insurance provider’s stock worth $304,000 after acquiring an additional 183 shares during the period. Finally, UMB Bank n.a. lifted its holdings in shares of Loews by 80.1% during the 1st quarter. UMB Bank n.a. now owns 470 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 209 shares during the period. Institutional investors own 58.33% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Loews in a report on Wednesday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy”.

Loews Price Performance

Shares of NYSE:L opened at $100.78 on Friday. The company has a market cap of $20.90 billion, a price-to-earnings ratio of 16.02 and a beta of 0.73. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a 50 day simple moving average of $97.25 and a 200 day simple moving average of $91.65. Loews Corporation has a one year low of $75.16 and a one year high of $103.52.

Loews (NYSE:L) last issued its quarterly earnings data on Monday, August 4th. The insurance provider reported $1.87 EPS for the quarter. The business had revenue of $4.56 billion during the quarter. Loews had a net margin of 7.47% and a return on equity of 7.43%.

Loews Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 20th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $0.25 annualized dividend and a yield of 0.2%. Loews’s dividend payout ratio is presently 3.97%.

Loews Profile

Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers specialty insurance products, such as management and professional liability, and other coverage products; surety and fidelity bonds; property insurance products that include standard and excess property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto, surplus, and umbrella coverages.