Berger Financial Group Inc Increases Stake in Loews Corporation $L

Berger Financial Group Inc increased its holdings in Loews Corporation (NYSE:L) by 0.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,955 shares of the insurance provider’s stock after acquiring an additional 602 shares during the quarter. Berger Financial Group Inc’s holdings in Loews were worth $6,229,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Northern Trust Corp boosted its stake in shares of Loews by 7.2% during the first quarter. Northern Trust Corp now owns 2,249,036 shares of the insurance provider’s stock valued at $206,709,000 after purchasing an additional 151,428 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Loews by 5.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,496,606 shares of the insurance provider’s stock worth $137,553,000 after buying an additional 73,197 shares during the period. Hsbc Holdings PLC boosted its position in Loews by 1.3% during the 1st quarter. Hsbc Holdings PLC now owns 724,190 shares of the insurance provider’s stock valued at $66,463,000 after acquiring an additional 9,357 shares in the last quarter. Swedbank AB increased its holdings in shares of Loews by 44.8% in the 1st quarter. Swedbank AB now owns 556,350 shares of the insurance provider’s stock valued at $51,134,000 after acquiring an additional 172,004 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Loews by 1.0% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 494,732 shares of the insurance provider’s stock worth $45,471,000 after acquiring an additional 5,114 shares in the last quarter. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Loews in a research report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Loews Stock Performance

Shares of L opened at $101.68 on Friday. Loews Corporation has a 12 month low of $75.16 and a 12 month high of $102.41. The stock has a fifty day moving average price of $96.08 and a 200-day moving average price of $91.18. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.43. The firm has a market cap of $21.09 billion, a PE ratio of 16.17 and a beta of 0.73.

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

Loews Dividend Announcement

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