Altrinsic Global Advisors buys $88.9 Million stake in Loews Corporation (L)

Loews Corporation (L) : Altrinsic Global Advisors scooped up 85,660 additional shares in Loews Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 2,258,285 shares of Loews Corporation which is valued at $88.9 Million.Loews Corporation makes up approximately 2.46% of Altrinsic Global Advisors’s portfolio.

Other Hedge Funds, Including , Capital Counselny sold out all of its stake in L during the most recent quarter. The investment firm sold 7,966 shares of L which is valued $313,621.Mosaic Family Wealth reduced its stake in L by selling 30 shares or 24.0% in the most recent quarter. The Hedge Fund company now holds 95 shares of L which is valued at $3,740.Swiss National Bank boosted its stake in L in the latest quarter, The investment management firm added 207,600 additional shares and now holds a total of 736,419 shares of Loews Corporation which is valued at $29.2 Million. Loews Corporation makes up approx 0.05% of Swiss National Bank’s portfolio.Russell Frank Co boosted its stake in L in the latest quarter, The investment management firm added 152,723 additional shares and now holds a total of 1,468,137 shares of Loews Corporation which is valued at $58.3 Million. Loews Corporation makes up approx 0.10% of Russell Frank Co’s portfolio.

Loews Corporation closed down -0.02 points or -0.05% at $40.23 with 10,63,299 shares getting traded on Wednesday. Post opening the session at $40.42, the shares hit an intraday low of $40.22 and an intraday high of $40.67 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Loews Corporation reported $0.30 EPS for the quarter, missing the analyst consensus estimate by $ -0.22 based on the information available during the earnings call on May 2, 2016. Analyst had a consensus of $0.52. The company had revenue of $3173.00 million for the quarter.The company’s revenue was down -8.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.29 EPS.

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 gathering and processing of natural gas and operation of a chain of hotels. The Company’s subsidiaries include CNA Financial Corporation (CNA); Diamond Offshore Drilling Inc. (Diamond Offshore); Boardwalk Pipeline Partners LP (Boardwalk Pipeline) and Loews Hotels Holding Corporation (Loews Hotels). CNA’s insurance products primarily include commercial property and casualty coverages including surety. Diamond Offshore is engaged in the business of operating drilling rigs. Boardwalk Pipeline is engaged in natural gas and natural gas liquids transportation and storage and natural gas gathering and processing. The subsidiaries of Loews Hotels Holding Corporation operate a chain of 21 hotels.

Leave a Reply

Loews Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Loews Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.