Pineno Levin & Ford Asset Management Inc. increased its position in shares of Loews Corporation (NYSE:L) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,718 shares of the insurance provider’s stock after buying an additional 540 shares during the period. Loews Corporation comprises about 1.7% of Pineno Levin & Ford Asset Management Inc.’s holdings, making the stock its 26th largest position. Pineno Levin & Ford Asset Management Inc.’s holdings in Loews Corporation were worth $3,685,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the stock. Teachers Advisors LLC raised its position in shares of Loews Corporation by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 378,606 shares of the insurance provider’s stock worth $17,730,000 after buying an additional 15,961 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Loews Corporation by 34.0% in the fourth quarter. Macquarie Group Ltd. now owns 20,900 shares of the insurance provider’s stock worth $979,000 after buying an additional 5,300 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its position in shares of Loews Corporation by 3.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 245,761 shares of the insurance provider’s stock worth $11,495,000 after buying an additional 7,075 shares in the last quarter. Creative Planning raised its position in shares of Loews Corporation by 3.7% in the first quarter. Creative Planning now owns 5,672 shares of the insurance provider’s stock worth $265,000 after buying an additional 205 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its position in shares of Loews Corporation by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 87,107 shares of the insurance provider’s stock worth $4,073,000 after buying an additional 1,020 shares in the last quarter. Institutional investors own 58.85% of the company’s stock.

Loews Corporation (NYSE L) opened at 49.02 on Tuesday. The company has a market capitalization of $16.50 billion, a price-to-earnings ratio of 14.49 and a beta of 0.71. Loews Corporation has a 52 week low of $39.71 and a 52 week high of $49.27. The firm has a 50-day moving average price of $47.44 and a 200-day moving average price of $46.94.

Loews Corporation (NYSE:L) last posted its quarterly earnings results on Monday, July 31st. The insurance provider reported $0.76 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.76. The business had revenue of $3.36 billion for the quarter. Loews Corporation had a return on equity of 4.84% and a net margin of 8.44%. During the same period in the prior year, the business earned $0.59 earnings per share. Analysts anticipate that Loews Corporation will post $3.17 EPS for the current fiscal year.

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A number of equities analysts have weighed in on L shares. Zacks Investment Research lowered Loews Corporation from a “buy” rating to a “hold” rating in a research note on Monday, June 19th. BidaskClub lowered Loews Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Finally, Jefferies Group LLC restated a “sell” rating and issued a $35.00 target price on shares of Loews Corporation in a research note on Tuesday, June 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Loews Corporation currently has an average rating of “Hold” and a consensus price target of $43.33.

About Loews Corporation

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 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.

Institutional Ownership by Quarter for Loews Corporation (NYSE:L)

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