Hikari Power Ltd Exits Position in Loews Corporation (L)

Loews Corporation (L) : Hikari Power Ltd has sold out all of its stake in Loews Corporation during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 48,300 shares of Loews Corporation which is valued at $1,953,735.

Other Hedge Funds, Including , Retirement Systems Of Alabama boosted its stake in L in the latest quarter, The investment management firm added 114,038 additional shares and now holds a total of 377,524 shares of Loews Corporation which is valued at $15,553,989. Loews Corporation makes up approx 0.09% of Retirement Systems Of Alabama’s portfolio.Financial Architects Inc boosted its stake in L in the latest quarter, The investment management firm added 1,426 additional shares and now holds a total of 2,621 shares of Loews Corporation which is valued at $107,985. Loews Corporation makes up approx 0.03% of Financial Architects Inc’s portfolio.

Loews Corporation closed down -0.03 points or -0.07% at $41.12 with 7,65,767 shares getting traded on Monday. Post opening the session at $41.27, the shares hit an intraday low of $40.985 and an intraday high of $41.34 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 $-0.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.76 based on the information available during the earnings call on Aug 1, 2016. Analyst had a consensus of $0.57.During the same quarter in the previous year, the company posted $0.46 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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