KBC Group NV Acquires 84936 Shares of Loews Corporation (L)

Cornelia Mascio
Giugno 22, 2017

The insurance provider reported $0.87 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.66 by $0.21.

Institutional investors have recently bought and sold shares of the stock. State of Wisconsin Investment Board now owns 187,420 shares of the insurance provider's stock valued at $8,766,000 after buying an additional 34,151 shares during the last quarter. State Street Corp boosted its position in shares of Loews Corporation by 10.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,476 shares of the insurance provider's stock valued at $958,000 after buying an additional 4,637 shares in the last quarter. It is positive, as 25 investors sold Loews Corporation shares while 143 reduced holdings. Norges Bank bought a new position in shares of Loews Corporation during the fourth quarter valued at approximately $533,915,000. Commerce Bank now owns 7,205 shares of the insurance provider's stock valued at $337,000 after buying an additional 1,125 shares during the period. Asset Management One Com Limited reported 0.05% of its portfolio in Loews Corporation (NYSE:L). Goldman Sachs Group Inc. now owns 254,611 shares of the insurance provider's stock valued at $11,246,000 after buying an additional 139,997 shares during the last quarter. Institutional investors and hedge funds own 58.79% of the company's stock.

Loews Corporation (NYSE:L) opened at 46.82 on Thursday. Altrinsic Glob Advsrs Ltd owns 1.29 million shares. The company has market cap of $15.95 billion. The company has a 50-day moving average of $45.92 and a 200 day moving average of $43.50. Loews Corporation has a 52-week low of 38.17 and a 52-week high of 48.39.

Loews Corporation (NYSE:L) last issued its quarterly earnings data on Monday, May 1st. After posting $0.87 EPS for the previous quarter, Loews Corporation's analysts now forecast -10.34 % negative EPS growth. The firm had revenue of $3.30 billion during the quarter. Loews Corporation had a net margin of 6.23% and a return on equity of 4.67%. During the same period in the prior year, the company posted $0.64 earnings per share. Equities research analysts expect that CNA Financial Corporation will post $3.33 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 13th. Stockholders of record on Wednesday, May 31st were given a $0.0625 dividend. This represents a $1.00 annualized dividend and a yield of 2.09%. Loews Corporation's payout ratio is 10.25%. 58 Loews Corporation (NYSE:L) shares with value of $2,763 were sold by BERMAN ANN E. $2,763 worth of Loews Corporation (NYSE:L) was sold by LASKAWY PHILIP A. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and worldwide copyright & trademark laws. Windsor Gru Ltd Liability Company invested 2.31% in Loews Corporation (NYSE:L).

L has been the topic of a number of recent research reports. BidaskClub raised shares of Loews Corporation from a "sell" rating to a "hold" rating in a research report on Tuesday, June 13th.

According to the the latest analyst ratings which have been released, 1 brokers have issued a rating of "buy", 0 brokers "outperform", 5 brokers "hold", 0 brokers "underperform" and 0 brokers "sell". Loews Corporation now has a consensus rating of "Hold" and a consensus price target of $43.33.

Loews Corporation is a holding company. The Company, through its subsidiaries, is engaged in commercial property and casualty insurance; operation of offshore gas and oil drilling rigs; transportation and storage of natural gas and natural gas liquids, and operation of a chain of hotels. The Company has five segments consisted of its four individual operating subsidiaries, CNA Financial Corporation (CNA), Diamond Offshore Drilling, Inc (Diamond Offshore), Boardwalk Pipeline Partners, LP (Boardwalk Pipeline) and Loews Hotels Holding Corporation (Loews Hotels), and the Corporate segment.

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