Aperio Group LLC boosted its place in shares of Loews Company (NYSE:L) by 33.eight% throughout the third quarter, in keeping with its most up-to-date 13F submitting with the SEC. The fund owned 481,909 shares of the insurance coverage supplier’s inventory after buying a further 121,861 shares throughout the quarter. Aperio Group LLC owned about zero.14% of Loews Company price $23,064,000 on the finish of the latest reporting interval.
Quite a few different hedge funds have additionally just lately made modifications to their positions within the inventory. Belief Co. of Vermont boosted its holdings in shares of Loews Company by 28.zero% throughout the third quarter. Belief Co. of Vermont now owns 6,980 shares of the insurance coverage supplier’s inventory valued at $334,000 after buying a further 1,525 shares over the past quarter. Saratoga Analysis & Funding Administration bought a brand new stake in shares of Loews Company throughout the third quarter valued at about $176,000. First Belief Advisors LP boosted its holdings in shares of Loews Company by 139.zero% throughout the third quarter. First Belief Advisors LP now owns 178,528 shares of the insurance coverage supplier’s inventory valued at $eight,544,000 after buying a further 103,845 shares over the past quarter. Fox Run Administration L.L.C. bought a brand new stake in shares of Loews Company throughout the third quarter valued at about $785,000. Lastly, APG Asset Administration N.V. boosted its holdings in shares of Loews Company by 59.7% throughout the third quarter. APG Asset Administration N.V. now owns 98,977 shares of the insurance coverage supplier’s inventory valued at $four,737,000 after buying a further 37,000 shares over the past quarter. 58.59% of the inventory is presently owned by institutional buyers.
Shares of Loews Company (NYSE L) opened at 47.95 on Friday. Loews Company has a one yr low of $41.38 and a one yr excessive of $49.58. The inventory has a market cap of $16.14 billion, a P/E ratio of 14.17 and a beta of zero.71. The inventory’s 50 day transferring common is $48.11 and its 200-day transferring common is $47.42.
Loews Company (NYSE:L) final issued its quarterly earnings outcomes on Monday, July 31st. The insurance coverage supplier reported $zero.76 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $zero.76. Loews Company had a return on fairness of four.84% and a web margin of eight.44%. The enterprise had income of $three.36 billion for the quarter. Throughout the identical quarter within the earlier yr, the agency posted $zero.59 EPS. On common, equities badysts forecast that Loews Company will put up $2.20 EPS for the present yr.
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Quite a few badysts have just lately issued stories on the inventory. ValuEngine downgraded shares of Loews Company from a “purchase” ranking to a “maintain” ranking in a report on Thursday. Zacks Funding Analysis downgraded shares of Loews Company from a “maintain” ranking to a “promote” ranking in a report on Tuesday, October third. Lastly, BidaskClub downgraded shares of Loews Company from a “maintain” ranking to a “promote” ranking in a report on Thursday, August 24th. Three equities badysis badysts have rated the inventory with a promote ranking, two have issued a maintain ranking and one has badigned a purchase ranking to the corporate’s inventory. The inventory has a mean ranking of “Maintain” and a consensus goal value of $39.00.
Loews Company Profile
Loews Company is a holding firm. The Firm, via its subsidiaries, is engaged in business property and casualty insurance coverage; operation of offshore oil and gasoline drilling rigs; transportation and storage of pure gasoline and pure gasoline liquids, and operation of a sequence of lodges. The Firm has 5 segments consisted of its 4 particular person working subsidiaries, CNA Monetary Company (CNA), Diamond Offshore Drilling, Inc (Diamond Offshore), Boardwalk Pipeline Companions, LP (Boardwalk Pipeline) and Loews Resorts Holding Company (Loews Resorts), and the Company phase.
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