Atria Wealth Solutions Inc. Has $2.95 Million Stake in Loews Corporation $L

Atria Wealth Solutions Inc. lifted its position in Loews Corporation (NYSE:L) by 6.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,227 shares of the insurance provider’s stock after purchasing an additional 1,887 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Loews were worth $2,954,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. raised its stake in shares of Loews by 5.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 32,760 shares of the insurance provider’s stock valued at $3,003,000 after purchasing an additional 1,800 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Loews by 156.3% in the second quarter. Sequoia Financial Advisors LLC now owns 10,077 shares of the insurance provider’s stock valued at $924,000 after purchasing an additional 6,146 shares in the last quarter. CWM LLC raised its stake in shares of Loews by 27.8% in the second quarter. CWM LLC now owns 5,640 shares of the insurance provider’s stock valued at $517,000 after purchasing an additional 1,227 shares in the last quarter. Board of the Pension Protection Fund acquired a new position in shares of Loews in the second quarter valued at $1,430,000. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Loews by 11.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 37,489 shares of the insurance provider’s stock valued at $3,436,000 after purchasing an additional 3,755 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Loews Stock Performance

Shares of NYSE:L opened at $102.60 on Wednesday. The business’s fifty day moving average price is $97.61 and its two-hundred day moving average price is $91.80. Loews Corporation has a fifty-two week low of $75.16 and a fifty-two week high of $103.52. The stock has a market capitalization of $21.28 billion, a price-to-earnings ratio of 16.31 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.

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

Loews Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b+)” rating on shares of Loews in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

About Loews

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.