Natixis Advisors L.P. increased its position in Loews Co. (NYSE:L – Get Rating) by 15.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 66,436 shares of the insurance provider’s stock after acquiring an additional 9,094 shares during the quarter. Natixis Advisors L.P.’s holdings in Loews were worth $4,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently modified their holdings of the company. Ellevest Inc. boosted its stake in shares of Loews by 58.1% in the first quarter. Ellevest Inc. now owns 427 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 157 shares during the period. Allworth Financial LP bought a new position in shares of Loews in the first quarter worth about $30,000. Rockefeller Capital Management L.P. boosted its stake in shares of Loews by 217.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 686 shares of the insurance provider’s stock worth $39,000 after acquiring an additional 470 shares during the period. CWM LLC boosted its stake in shares of Loews by 181.0% in the first quarter. CWM LLC now owns 708 shares of the insurance provider’s stock worth $46,000 after acquiring an additional 456 shares during the period. Finally, Rinkey Investments bought a new position in shares of Loews in the fourth quarter worth about $48,000. Institutional investors own 58.61% of the company’s stock.
Loews Price Performance
NYSE:L opened at $55.43 on Tuesday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $13.36 billion, a P/E ratio of 12.86 and a beta of 0.81. Loews Co. has a 12 month low of $51.35 and a 12 month high of $68.20. The business’s 50-day moving average is $57.54 and its 200 day moving average is $61.05.
Loews Announces Dividend
Analysts Set New Price Targets
A number of research firms have recently weighed in on L. TheStreet lowered Loews from a “b” rating to a “c” rating in a research note on Monday, August 1st. StockNews.com lowered Loews from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd.
Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers specialty insurance products, such as management and professional liability, and other coverage products; surety and fidelity bonds; property insurance products that include property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto and umbrella coverages.
- Get a free copy of the StockNews.com research report on Loews (L)
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