Trust Co. of Toledo NA OH Invests $60,000 in Loews Corporation $L

by · The Cerbat Gem

Trust Co. of Toledo NA OH purchased a new position in shares of Loews Corporation (NYSE:L – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 650 shares of the insurance provider’s stock, valued at approximately $60,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Aaron Wealth Advisors LLC lifted its stake in shares of Loews by 3.9% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 3,754 shares of the insurance provider’s stock valued at $344,000 after buying an additional 142 shares in the last quarter. BSW Wealth Partners increased its holdings in Loews by 5.4% in the 2nd quarter. BSW Wealth Partners now owns 2,812 shares of the insurance provider’s stock valued at $258,000 after acquiring an additional 143 shares during the last quarter. Signaturefd LLC increased its holdings in Loews by 4.0% in the 1st quarter. Signaturefd LLC now owns 3,940 shares of the insurance provider’s stock valued at $362,000 after acquiring an additional 152 shares during the last quarter. Flynn Zito Capital Management LLC increased its holdings in Loews by 5.9% in the 1st quarter. Flynn Zito Capital Management LLC now owns 3,309 shares of the insurance provider’s stock valued at $304,000 after acquiring an additional 183 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in Loews by 80.1% in the 1st quarter. UMB Bank n.a. now owns 470 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Loews Stock Down 1.4%

Shares of NYSE:L opened at $100.78 on Monday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.43. Loews Corporation has a 12 month low of $75.16 and a 12 month high of $103.52. The company has a 50-day moving average price of $97.25 and a 200 day moving average price of $91.65. The company has a market cap of $20.90 billion, a price-to-earnings ratio of 16.02 and a beta of 0.73.

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

Loews Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 20th were issued a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.2%. Loews’s dividend payout ratio (DPR) is presently 3.97%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b+)” rating on shares of Loews in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Read Our Latest Stock Analysis on L

About Loews

(Free Report)

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.

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