Victory Capital Management Inc. lowered its stake in Loews Corporation (NYSE:L) by 5.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,758 shares of the insurance provider’s stock after selling 264 shares during the quarter. Victory Capital Management Inc.’s holdings in Loews Corporation were worth $223,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Cleararc Capital Inc. raised its stake in shares of Loews Corporation by 0.4% in the first quarter. Cleararc Capital Inc. now owns 6,744 shares of the insurance provider’s stock worth $315,000 after buying an additional 26 shares during the period. CIBC Asset Management Inc raised its stake in shares of Loews Corporation by 0.3% in the second quarter. CIBC Asset Management Inc now owns 28,352 shares of the insurance provider’s stock worth $1,327,000 after buying an additional 73 shares during the period. Soros Fund Management LLC raised its stake in shares of Loews Corporation by 1.8% in the first quarter. Soros Fund Management LLC now owns 5,600 shares of the insurance provider’s stock worth $262,000 after buying an additional 100 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Loews Corporation by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 17,100 shares of the insurance provider’s stock worth $800,000 after buying an additional 100 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Loews Corporation by 0.3% in the first quarter. Nomura Asset Management Co. Ltd. now owns 41,009 shares of the insurance provider’s stock worth $1,918,000 after buying an additional 109 shares during the period. 58.58% of the stock is currently owned by hedge funds and other institutional investors.

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Several research firms have recently commented on L. Zacks Investment Research downgraded Loews Corporation from a “buy” rating to a “hold” rating in a research note on Monday, June 19th. BidaskClub upgraded Loews Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Jefferies Group LLC reiterated a “sell” rating and set a $35.00 target price on shares of Loews Corporation in a research report on Tuesday, June 6th. Two 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. Loews Corporation currently has an average rating of “Hold” and a consensus price target of $43.33.

Shares of Loews Corporation (L) opened at 47.79 on Thursday. The company’s 50 day moving average price is $47.57 and its 200 day moving average price is $47.13. The stock has a market cap of $16.09 billion, a PE ratio of 14.12 and a beta of 0.71. Loews Corporation has a 52-week low of $39.71 and a 52-week high of $49.58.

Loews Corporation (NYSE:L) last released its quarterly earnings results on Monday, July 31st. The insurance provider reported $0.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.76. The company had revenue of $3.36 billion during 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 previous year, the company posted $0.59 EPS. On average, analysts anticipate that Loews Corporation will post $3.05 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Wednesday, August 30th were issued a $0.0625 dividend. The ex-dividend date of this dividend was Monday, August 28th. This represents a $0.25 dividend on an annualized basis and a yield of 0.52%. Loews Corporation’s payout ratio is 7.53%.

Loews Corporation Profile

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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