Loews Corporation (L) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its stake in shares of Loews Corporation (NYSE:L) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,752 shares of the insurance provider’s stock after purchasing an additional 5,500 shares during the period. Nisa Investment Advisors LLC’s holdings in Loews were worth $5,291,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. D.A. Davidson & CO. lifted its position in Loews by 1.0% during the second quarter. D.A. Davidson & CO. now owns 2,828 shares of the insurance provider’s stock valued at $132,000 after purchasing an additional 27 shares during the period. Capstone Investment Advisors Netherlands B.V. lifted its position in Loews by 0.9% during the second quarter. Capstone Investment Advisors Netherlands B.V. now owns 6,076 shares of the insurance provider’s stock valued at $284,000 after purchasing an additional 57 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Loews by 6.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,240 shares of the insurance provider’s stock valued at $105,000 after purchasing an additional 140 shares during the period. Suntrust Banks Inc. lifted its position in Loews by 0.6% during the second quarter. Suntrust Banks Inc. now owns 33,980 shares of the insurance provider’s stock valued at $1,590,000 after purchasing an additional 187 shares during the period. Finally, Sentry Investment Management LLC lifted its position in Loews by 1.1% during the second quarter. Sentry Investment Management LLC now owns 17,543 shares of the insurance provider’s stock valued at $821,000 after purchasing an additional 187 shares during the period. Institutional investors own 59.29% of the company’s stock.

In other Loews news, insider Jonathan M. Tisch sold 1,394,935 shares of Loews stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $48.40, for a total value of $67,514,854.00. Following the completion of the transaction, the insider now directly owns 2,169,075 shares of the company’s stock, valued at approximately $104,983,230. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann E. Berman sold 1,383 shares of Loews stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $50.30, for a total transaction of $69,564.90. The disclosure for this sale can be found here. Insiders have sold 1,422,163 shares of company stock valued at $68,876,567 over the last ninety days. 11.80% of the stock is currently owned by corporate insiders.

Several research firms have weighed in on L. Zacks Investment Research downgraded shares of Loews from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. ValuEngine downgraded shares of Loews from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th.

Shares of Loews Corporation (NYSE:L) opened at $52.78 on Tuesday. The company has a market cap of $17,767.39, a price-to-earnings ratio of 18.78 and a beta of 0.74. Loews Corporation has a 52-week low of $45.01 and a 52-week high of $52.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.35 and a current ratio of 0.35.

Loews (NYSE:L) last posted its earnings results on Monday, October 30th. The insurance provider reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.44. The company had revenue of $3.52 billion during the quarter. Loews had a net margin of 7.04% and a return on equity of 4.08%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.89 earnings per share. analysts anticipate that Loews Corporation will post 2.8 earnings per share for the current fiscal year.

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Loews Company Profile

Loews Corporation is a holding company. The Company, through its subsidiaries, is engaged in commercial property and casualty insurance; operation of offshore oil and gas drilling rigs; transportation and storage of natural gas and natural gas liquids, and operation of a chain of hotels. The Company has five segments consisted of its four individual operating subsidiaries, CNA Financial Corporation (CNA), Diamond Offshore Drilling, Inc (Diamond Offshore), Boardwalk Pipeline Partners, LP (Boardwalk Pipeline) and Loews Hotels Holding Corporation (Loews Hotels), and the Corporate segment.

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Institutional Ownership by Quarter for Loews (NYSE:L)

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