Oregon Public Employees Retirement Fund Raises Holdings in Loews Co. (L)

Oregon Public Employees Retirement Fund grew its holdings in shares of Loews Co. (NYSE:L) by 0.9% in the first quarter, HoldingsChannel.com reports. The firm owned 75,421 shares of the insurance provider’s stock after buying an additional 706 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Loews were worth $3,615,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. First Foundation Advisors raised its stake in Loews by 4.7% in the fourth quarter. First Foundation Advisors now owns 6,320 shares of the insurance provider’s stock valued at $288,000 after purchasing an additional 284 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Loews by 1.8% in the first quarter. Assenagon Asset Management S.A. now owns 16,700 shares of the insurance provider’s stock valued at $800,000 after purchasing an additional 300 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in Loews by 0.7% in the first quarter. Crossmark Global Holdings Inc. now owns 48,167 shares of the insurance provider’s stock valued at $2,309,000 after purchasing an additional 330 shares in the last quarter. OLD Point Trust & Financial Services N A raised its stake in Loews by 1.3% in the first quarter. OLD Point Trust & Financial Services N A now owns 27,400 shares of the insurance provider’s stock valued at $1,313,000 after purchasing an additional 350 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its stake in Loews by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 59,383 shares of the insurance provider’s stock valued at $2,846,000 after purchasing an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 65.60% of the company’s stock.

L stock opened at $52.50 on Wednesday. The company has a market cap of $15.79 billion, a price-to-earnings ratio of 18.49 and a beta of 0.69. Loews Co. has a one year low of $42.06 and a one year high of $52.62. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.51.



Loews (NYSE:L) last issued its earnings results on Monday, April 29th. The insurance provider reported $1.27 EPS for the quarter, topping the consensus estimate of $0.96 by $0.31. Loews had a net margin of 5.17% and a return on equity of 4.72%. The company had revenue of $3.76 billion for the quarter. During the same period in the previous year, the firm earned $0.80 earnings per share. On average, analysts anticipate that Loews Co. will post 3.4 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Wednesday, May 29th will be paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend is Tuesday, May 28th. Loews’s payout ratio is 8.80%.

L has been the topic of several research reports. Zacks Investment Research raised shares of Loews from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Tuesday, May 7th. Scotiabank reissued an “average” rating and set a $68.00 price target on shares of Loews in a research note on Friday, February 22nd. Finally, Barclays reissued an “average” rating and set a $72.00 price target on shares of Loews in a research note on Thursday, February 21st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Loews presently has an average rating of “Hold” and an average target price of $64.50.

In other news, Director Walter L. Harris sold 820 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $47.81, for a total transaction of $39,204.20. Following the sale, the director now owns 12,178 shares in the company, valued at approximately $582,230.18. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Joseph L. Bower sold 812 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $47.56, for a total transaction of $38,618.72. Following the sale, the director now owns 10,886 shares in the company, valued at approximately $517,738.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,212 shares of company stock worth $1,694,904. 14.20% of the stock is owned by insiders.

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About Loews

Loews Corporation, through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally. It operates through CNA Financial Corporation; Diamond Offshore Drilling, Inc; Boardwalk Pipeline Partners, LP; and Loews Hotels Holding Corporation segments. The company offers specialty insurance products, such as management and professional liability insurance coverages and products; surety and fidelity bonds; and warranty and alternative risk services.

Further Reading: Liquidity

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Institutional Ownership by Quarter for Loews (NYSE:L)

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