14,608 Shares in Loews Corporation $L Acquired by Compass Financial Management LLC

Compass Financial Management LLC purchased a new position in shares of Loews Corporation (NYSE:L) in the second quarter, Holdings Channel reports. The fund purchased 14,608 shares of the insurance provider’s stock, valued at approximately $1,654,000.

Several other institutional investors and hedge funds have also bought and sold shares of L. BlackRock Inc. purchased a new stake in shares of Loews in the 2nd quarter valued at $1,621,369,000. Norges Bank purchased a new position in shares of Loews during the fourth quarter worth $577,279,000. Great Lakes Advisors LLC purchased a new position in shares of Loews during the second quarter worth $184,377,000. Bank of New York Mellon Corp purchased a new position in shares of Loews during the second quarter worth $107,461,000. Finally, Goldman Sachs Group Inc. lifted its position in Loews by 32.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,237,922 shares of the insurance provider’s stock valued at $340,986,000 after purchasing an additional 786,381 shares during the period. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Dino Robusto bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was purchased at an average cost of $104.74 per share, for a total transaction of $523,700.00. Following the purchase, the director directly owned 10,235 shares in the company, valued at approximately $1,072,013.90. This trade represents a 95.51% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 19.00% of the stock is currently owned by corporate insiders.

Loews Stock Down 0.8%

Shares of L stock opened at $109.85 on Friday. The stock has a 50 day moving average of $113.74 and a 200 day moving average of $110.18. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.44. The stock has a market cap of $22.46 billion, a P/E ratio of 13.46 and a beta of 0.52. Loews Corporation has a twelve month low of $95.10 and a twelve month high of $121.01.

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 8.60% and a net margin of 9.02%.The company had revenue of $4.73 billion during the quarter.

Loews Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, August 19th. Loews’s payout ratio is 3.06%.

Analyst Upgrades and Downgrades

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

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.