Cooper Investors PTY Ltd. Makes New $630,000 Investment in Loews Corporation $L

Cooper Investors PTY Ltd. acquired a new position in Loews Corporation (NYSE:L) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,563 shares of the insurance provider’s stock, valued at approximately $630,000.

A number of other large investors have also recently made changes to their positions in L. DV Equities LLC bought a new position in Loews during the fourth quarter valued at $25,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Loews in the fourth quarter valued at $27,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of Loews in the 3rd quarter worth about $30,000. Private Trust Co. NA lifted its holdings in shares of Loews by 896.7% in the 4th quarter. Private Trust Co. NA now owns 299 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 269 shares during the last quarter. Finally, SHP Wealth Management purchased a new position in shares of Loews during the 4th quarter worth about $35,000. 58.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Loews from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Loews Stock Performance

Shares of NYSE:L opened at $115.94 on Wednesday. The firm’s 50 day simple moving average is $111.91 and its 200-day simple moving average is $109.30. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.36 and a current ratio of 0.36. Loews Corporation has a one year low of $92.25 and a one year high of $121.01. The firm has a market cap of $23.86 billion, a PE ratio of 14.73 and a beta of 0.52.

Loews (NYSE:L) last announced its quarterly earnings results on Monday, August 3rd. The insurance provider reported $2.16 earnings per share (EPS) for the quarter. Loews had a return on equity of 8.66% and a net margin of 9.02%.The firm had revenue of $4.73 billion during the quarter.

Loews Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.25 dividend on an annualized basis and a yield of 0.2%. Loews’s payout ratio is 3.18%.

Insiders Place Their Bets

In other news, Director Dino Robusto bought 5,000 shares of the stock in a transaction on Friday, May 29th. The stock was acquired at an average cost of $104.74 per share, for a total transaction of $523,700.00. Following the acquisition, the director owned 10,235 shares of the company’s stock, valued at $1,072,013.90. This represents a 95.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 19.00% of the stock is currently owned by company insiders.

About Loews

Loews Corporation (NYSE: L) is a diversified holding company that owns and operates businesses across insurance, hospitality, energy-related operations and other industrial and investment activities. The company holds controlling and significant minority interests in subsidiaries that run as standalone businesses, with corporate oversight focused on capital allocation, risk management and long-term value creation for shareholders.

One of Loews’ principal businesses is insurance, conducted through CNA Financial, a commercial property and casualty insurer that underwrites a range of business insurance products for corporate and institutional clients.