Pensionfund Sabic adds Loews Corporation (L) to its portfolio

Loews Corporation (L) : Pensionfund Sabic added new position in Loews Corporation during the most recent quarter end. The investment management firm now holds 40,300 shares of Loews Corporation which is valued at $1,612,806 , the company said in a statement filed on Jul 5, 2016 with the SEC.Loews Corporation makes up approximately 0.48% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands added L to its portfolio by purchasing 87,800 company shares during the most recent quarter which is valued at $3,513,756. Loews Corporation makes up approx 0.47% of Pensionfund Dsm Netherlands’s portfolio.

Loews Corporation closed down -0.15 points or -0.37% at $40.63 with 7,97,322 shares getting traded on Monday. Post opening the session at $41, the shares hit an intraday low of $40.53 and an intraday high of $41.03 and the price fluctuated in this range throughout the day.Shares ended Monday 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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