America First Investment Advisors LLC Acquires 2,042 Shares of Loews Co. (NYSE:L)

America First Investment Advisors LLC raised its holdings in Loews Co. (NYSE:L) by 0.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 279,085 shares of the insurance provider’s stock after purchasing an additional 2,042 shares during the period. Loews makes up 4.3% of America First Investment Advisors LLC’s portfolio, making the stock its 16th biggest position. America First Investment Advisors LLC’s holdings in Loews were worth $14,367,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Cornerstone Advisors Inc. grew its holdings in shares of Loews by 23.8% in the 2nd quarter. Cornerstone Advisors Inc. now owns 1,003 shares of the insurance provider’s stock worth $55,000 after purchasing an additional 193 shares during the last quarter. Bessemer Securities LLC grew its holdings in Loews by 0.5% during the 2nd quarter. Bessemer Securities LLC now owns 42,415 shares of the insurance provider’s stock worth $2,319,000 after acquiring an additional 208 shares during the last quarter. M&T Bank Corp grew its holdings in Loews by 1.6% during the 2nd quarter. M&T Bank Corp now owns 13,770 shares of the insurance provider’s stock worth $752,000 after acquiring an additional 214 shares during the last quarter. Parallel Advisors LLC grew its holdings in Loews by 8.4% during the 2nd quarter. Parallel Advisors LLC now owns 2,896 shares of the insurance provider’s stock worth $158,000 after acquiring an additional 224 shares during the last quarter. Finally, World Asset Management Inc grew its holdings in Loews by 1.1% during the 2nd quarter. World Asset Management Inc now owns 20,275 shares of the insurance provider’s stock worth $1,108,000 after acquiring an additional 227 shares during the last quarter. 63.38% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:L opened at $51.00 on Friday. Loews Co. has a 12 month low of $42.06 and a 12 month high of $56.20. The company’s 50-day moving average price is $50.50 and its two-hundred day moving average price is $51.54. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.51. The firm has a market cap of $15.02 billion, a P/E ratio of 17.96 and a beta of 0.65.

Loews (NYSE:L) last issued its quarterly earnings data on Monday, October 28th. The insurance provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.51). Loews had a return on equity of 4.45% and a net margin of 3.83%. The company had revenue of $3.68 billion for the quarter. During the same quarter in the prior year, the company posted $0.84 earnings per share. As a group, equities analysts predict that Loews Co. will post 2.95 earnings per share for the current fiscal year.

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In other Loews news, VP Marc A. Alpert sold 1,626 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $49.26, for a total transaction of $80,096.76. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 14.20% of the stock is owned by corporate insiders.

A number of equities research analysts have commented on the stock. TheStreet lowered shares of Loews from a “b” rating to a “c+” rating in a report on Monday, October 28th. ValuEngine lowered shares of Loews from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research raised shares of Loews from a “sell” rating to a “hold” rating and set a $50.00 price objective on the stock in a report on Wednesday, August 28th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $65.20.

Loews Profile

Loews Corporation, through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally. It operates through CNA Financial Corporation; Diamond Offshore Drilling, Inc; Boardwalk Pipeline Partners, LP; and Loews Hotels Holding Corporation segments. The company offers specialty insurance products, such as management and professional liability insurance coverages and products; surety and fidelity bonds; and warranty and alternative risk services.

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Want to see what other hedge funds are holding L? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Loews Co. (NYSE:L).

Institutional Ownership by Quarter for Loews (NYSE:L)

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