Bartlett & CO. Wealth Management LLC Sells 1,699 Shares of Loews Corporation $L

Bartlett & CO. Wealth Management LLC decreased its position in shares of Loews Corporation (NYSE:L) by 39.5% in the second quarter, HoldingsChannel reports. The fund owned 2,601 shares of the insurance provider’s stock after selling 1,699 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Loews were worth $238,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Jane Street Group LLC lifted its holdings in shares of Loews by 218.1% during the 1st quarter. Jane Street Group LLC now owns 142,050 shares of the insurance provider’s stock valued at $13,056,000 after purchasing an additional 97,391 shares during the last quarter. OneDigital Investment Advisors LLC purchased a new stake in Loews in the first quarter valued at about $224,000. Advisory Alpha LLC acquired a new stake in Loews in the first quarter worth about $284,000. American Century Companies Inc. grew its stake 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 acquiring an additional 6,660 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Loews by 589.9% during the first quarter. SG Americas Securities LLC now owns 10,162 shares of the insurance provider’s stock valued at $934,000 after acquiring an additional 8,689 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Loews Stock Up 1.6%

L stock opened at $101.71 on Friday. The stock has a market capitalization of $21.10 billion, a PE ratio of 16.17 and a beta of 0.73. Loews Corporation has a 52 week low of $75.16 and a 52 week high of $101.79. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average of $95.88 and a 200 day moving average of $91.05.

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

Loews Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 20th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $0.25 dividend on an annualized basis and a yield of 0.2%. Loews’s payout ratio is currently 3.97%.

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.