Trust Co. of Toledo NA OH Purchases New Holdings in Loews Corporation $L

Trust Co. of Toledo NA OH purchased a new stake in shares of Loews Corporation (NYSE:L) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 650 shares of the insurance provider’s stock, valued at approximately $60,000.

Other hedge funds also recently added to or reduced their stakes in the company. Jane Street Group LLC grew its holdings in 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 bought a new position in Loews during the 1st quarter valued at about $224,000. Advisory Alpha LLC bought a new position in Loews during the 1st quarter valued at about $284,000. American Century Companies Inc. grew its holdings in Loews by 7.4% during the 1st quarter. American Century Companies Inc. now owns 96,249 shares of the insurance provider’s stock valued at $8,846,000 after purchasing an additional 6,660 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Loews by 589.9% during the 1st quarter. SG Americas Securities LLC now owns 10,162 shares of the insurance provider’s stock valued at $934,000 after purchasing an additional 8,689 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Loews Price Performance

Loews stock opened at $100.78 on Monday. The stock has a market cap of $20.90 billion, a price-to-earnings ratio of 16.02 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 Corporation has a 1 year low of $75.16 and a 1 year high of $103.52. The firm has a 50-day moving average of $97.25 and a two-hundred day moving average of $91.65.

Loews (NYSE:L) last released its quarterly earnings data on Monday, August 4th. The insurance provider reported $1.87 earnings per share (EPS) for the quarter. The company 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 declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders 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 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.