Eubel Brady & Suttman Asset Management Inc. Acquires 750 Shares of Loews Corporation $L

Eubel Brady & Suttman Asset Management Inc. increased its position in Loews Corporation (NYSE:L) by 0.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 261,453 shares of the insurance provider’s stock after acquiring an additional 750 shares during the period. Loews comprises about 3.0% of Eubel Brady & Suttman Asset Management Inc.’s investment portfolio, making the stock its 13th biggest holding. Eubel Brady & Suttman Asset Management Inc. owned 0.12% of Loews worth $23,965,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of L. Wayfinding Financial LLC purchased a new position in shares of Loews in the first quarter valued at about $25,000. Sierra Ocean LLC grew its stake in shares of Loews by 805.9% during the first quarter. Sierra Ocean LLC now owns 308 shares of the insurance provider’s stock valued at $28,000 after buying an additional 274 shares during the last quarter. Elequin Capital LP bought a new position in shares of Loews during the first quarter valued at approximately $30,000. Zions Bancorporation National Association UT bought a new position in shares of Loews during the first quarter valued at approximately $33,000. Finally, Trust Co. of Toledo NA OH bought a new position in Loews in the second quarter worth approximately $60,000. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Loews Price Performance

Shares of NYSE:L opened at $98.40 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.43. Loews Corporation has a fifty-two week low of $75.16 and a fifty-two week high of $103.52. The firm has a 50-day simple moving average of $98.58 and a 200 day simple moving average of $92.75. The company has a market cap of $20.41 billion, a PE ratio of 15.64 and a beta of 0.73.

Loews (NYSE:L) last posted its earnings results on Monday, August 4th. The insurance provider reported $1.87 earnings per share (EPS) for the quarter. The firm 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 20th were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $0.25 annualized dividend and a yield of 0.3%. Loews’s dividend payout ratio is currently 3.97%.

Analysts Set New Price Targets

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

Loews Company 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.