Moon Capital Management buys $2,856,986 stake in Loews Corporation (L)

Loews Corporation (L) : Moon Capital Management scooped up 1,882 additional shares in Loews Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 69,378 shares of Loews Corporation which is valued at $2,856,986.Loews Corporation makes up approximately 3.45% of Moon Capital Management’s portfolio.

Other Hedge Funds, Including , Sentinel Trust Co Lba reduced its stake in L by selling 78,808 shares or 91.87% in the most recent quarter. The Hedge Fund company now holds 6,973 shares of L which is valued at $287,148. Loews Corporation makes up approx 0.04% of Sentinel Trust Co Lba’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in L in the latest quarter, The investment management firm added 4,122 additional shares and now holds a total of 69,327 shares of Loews Corporation which is valued at $2,827,155. Loews Corporation makes up approx 0.06% of Exxonmobil Investment Management Inc Tx’s portfolio.Chevy Chase Trust Holdings boosted its stake in L in the latest quarter, The investment management firm added 2,822 additional shares and now holds a total of 236,594 shares of Loews Corporation which is valued at $9,648,303. Loews Corporation makes up approx 0.05% of Chevy Chase Trust Holdings’s portfolio.

Loews Corporation closed down -0.05 points or -0.12% at $41.18 with 4,21,258 shares getting traded on Wednesday. Post opening the session at $41.26, the shares hit an intraday low of $41.13 and an intraday high of $41.36 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.

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