Loews Corporation Plans Quarterly Dividend of $0.06 (NYSE:L)

Loews Corporation (NYSE:L) announced a quarterly dividend on Tuesday, November 11th. Shareholders of record on Wednesday, November 26th will be given a dividend of 0.0625 per share by the insurance provider on Tuesday, December 9th. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, November 26th.

Loews Stock Performance

L stock traded up $0.55 during trading hours on Wednesday, reaching $104.29. The stock had a trading volume of 277,583 shares, compared to its average volume of 773,798. The stock has a 50-day simple moving average of $99.49 and a 200 day simple moving average of $93.89. Loews has a fifty-two week low of $78.98 and a fifty-two week high of $104.70. The stock has a market capitalization of $21.55 billion, a PE ratio of 16.58 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 issued its earnings results on Monday, November 3rd. The insurance provider reported $2.43 earnings per share (EPS) for the quarter. Loews had a net margin of 7.47% and a return on equity of 7.43%. The company had revenue of $3.94 billion for the quarter.

Institutional Investors Weigh In On Loews

A number of hedge funds and other institutional investors have recently modified their holdings of L. Jane Street Group LLC lifted its stake in shares of Loews by 218.1% in the 1st quarter. Jane Street Group LLC now owns 142,050 shares of the insurance provider’s stock valued at $13,056,000 after acquiring an additional 97,391 shares during the last quarter. Assetmark Inc. raised its position in Loews by 182.2% in the second quarter. Assetmark Inc. now owns 1,967 shares of the insurance provider’s stock valued at $180,000 after purchasing an additional 1,270 shares during the last quarter. Advisory Alpha LLC acquired a new stake in shares of Loews during the first quarter valued at about $284,000. American Century Companies Inc. grew its holdings in shares of Loews by 7.4% during the first quarter. American Century Companies Inc. now owns 96,249 shares of the insurance provider’s stock worth $8,846,000 after purchasing an additional 6,660 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of Loews by 1.3% in the first quarter. Hsbc Holdings PLC now owns 724,190 shares of the insurance provider’s stock valued at $66,463,000 after buying an additional 9,357 shares during the period. Institutional investors and hedge funds own 58.33% of the company’s stock.

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.