17,607 Shares in Loews Corporation $L Purchased by University of Texas Texas AM Investment Management Co.

Key Points

• University of Texas Texas AM Investment Management Co. initiated a Loews position, buying 17,607 shares worth approximately $1.84 million in the third quarter. Institutional investors own 58.33% of the company’s stock.
• Loews reported quarterly earnings of $1.50 per share on revenue of $4.76 billion; return on equity was 7.60% and net margin was 7.93%.
• MarketBeat’s average analyst rating for Loews is “Buy,” although Weiss Ratings recently downgraded its rating from “buy (a-)” to “buy (b+).”

University of Texas Texas AM Investment Management Co. purchased a new position in Loews Corporation (NYSE:L - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 17,607 shares of the insurance provider's stock, valued at approximately $1,839,000.

Other institutional investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its position in Loews by 2.3% during the first quarter. NewEdge Advisors LLC now owns 4,168 shares of the insurance provider's stock worth $445,000 after acquiring an additional 95 shares during the period. Lido Advisors LLC boosted its holdings in Loews by 3.9% in the 1st quarter. Lido Advisors LLC now owns 2,594 shares of the insurance provider's stock valued at $277,000 after purchasing an additional 97 shares during the period. CX Institutional boosted its holdings in Loews by 5.3% in the 2nd quarter. CX Institutional now owns 2,128 shares of the insurance provider's stock valued at $241,000 after purchasing an additional 107 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Loews by 10.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,306 shares of the insurance provider's stock valued at $148,000 after purchasing an additional 119 shares during the period. Finally, GAMMA Investing LLC grew its position in Loews by 1.2% in the 2nd quarter. GAMMA Investing LLC now owns 11,578 shares of the insurance provider's stock worth $1,311,000 after purchasing an additional 135 shares during the last quarter. 58.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Loews from a "buy (a-)" rating to a "buy (b+)" rating in a report on Tuesday, November 3rd. One research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has an average rating of "Buy".

Loews Trading Up 0.1%

Loews stock opened at $109.83 on Monday. The business has a 50 day moving average price of $108.63 and a two-hundred day moving average price of $109.53. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.44. The stock has a market cap of $22.21 billion, a price-to-earnings ratio of 15.19 and a beta of 0.49. Loews Corporation has a 12 month low of $101.08 and a 12 month high of $121.01.

Loews (NYSE:L - Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The insurance provider reported $1.50 EPS for the quarter. Loews had a return on equity of 7.60% and a net margin of 7.93%. The company had revenue of $4.76 billion during the quarter.

About Loews

Loews Corporation is a diversified holding company with businesses in insurance, energy infrastructure and hospitality. Its subsidiaries operate independently, while Loews provides corporate oversight and capital allocation.

CNA Financial provides commercial property and casualty insurance, along with related services, to businesses and organizations. Boardwalk Pipelines operates natural gas pipeline and storage infrastructure, primarily in the United States. Loews Hotels & Co owns and operates hotels and resorts, principally in North America.

The company traces its origins to 1946, when brothers Laurence and Preston Robert Tisch founded Loews Theatres.

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