Loews Corporation (L) : Fox Run Management L.l.c. added new position in Loews Corporation during the most recent quarter end. The investment management firm now holds 15,300 shares of Loews Corporation which is valued at $630,054 , the company said in a statement filed on Oct 12, 2016 with the SEC.Loews Corporation makes up approximately 0.38% of Fox Run Management L.l.c.’s portfolio.
Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in L in the latest quarter, The investment management firm added 470 additional shares and now holds a total of 51,491 shares of Loews Corporation which is valued at $2,120,399. Loews Corporation makes up approx 0.06% of Capstone Asset Management Co’s portfolio.Carroll Financial Associates reduced its stake in L by selling 13 shares or 0.55% in the most recent quarter. The Hedge Fund company now holds 2,355 shares of L which is valued at $97,850. Loews Corporation makes up approx 0.01% of Carroll Financial Associates’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in L by selling 11,502 shares or 16.04% in the most recent quarter. The Hedge Fund company now holds 60,185 shares of L which is valued at $2,500,687. Loews Corporation makes up approx 0.05% of Oregon Public Employees Retirement Fund’s portfolio.Advisory Services Network reduced its stake in L by selling 24 shares or 5.27% in the most recent quarter. The Hedge Fund company now holds 431 shares of L which is valued at $17,796. Washington Trust Bank added L to its portfolio by purchasing 63 company shares during the most recent quarter which is valued at $2,599.
Loews Corporation closed down -0.37 points or -0.89% at $41.18 with 5,85,599 shares getting traded on Tuesday. Post opening the session at $41.56, the shares hit an intraday low of $41.02 and an intraday high of $41.56 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 Companys 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). CNAs 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.