Mraz Amerine Associates buys $12,364,985 stake in Loews Corporation (L)

Loews Corporation (L) : Mraz Amerine Associates scooped up 4,540 additional shares in Loews Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 300,121 shares of Loews Corporation which is valued at $12,364,985.Loews Corporation makes up approximately 4.30% of Mraz Amerine Associates’s portfolio.

Other Hedge Funds, Including , Strs Ohio reduced its stake in L by selling 57,177 shares or 16.01% in the most recent quarter. The Hedge Fund company now holds 299,947 shares of L which is valued at $12,357,816. Loews Corporation makes up approx 0.05% of Strs Ohio’s portfolio.America First Investment Advisors boosted its stake in L in the latest quarter, The investment management firm added 1,478 additional shares and now holds a total of 230,840 shares of Loews Corporation which is valued at $9,533,692. Loews Corporation makes up approx 3.91% of America First Investment Advisors’s portfolio.Ls Investment Advisors reduced its stake in L by selling 1,108 shares or 2.36% in the most recent quarter. The Hedge Fund company now holds 45,927 shares of L which is valued at $1,896,785. Loews Corporation makes up approx 0.13% of Ls Investment Advisors’s portfolio. Pensionfund Dsm Netherlands added L to its portfolio by purchasing 87,800 company shares during the most recent quarter which is valued at $3,513,756. Loews Corporation makes up approx 0.47% of Pensionfund Dsm Netherlands’s portfolio.

Loews Corporation opened for trading at $41.08 and hit $41.43 on the upside on Friday, eventually ending the session at $41.33, with a gain of 0.34% or 0.14 points. The heightened volatility saw the trading volume jump to 11,35,600 shares. Company has a market cap of $14,012 M.

On the company’s financial health, Loews Corporation reported $-0.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.76 based on the information available during the earnings call on Aug 1, 2016. Analyst had a consensus of $0.57.During the same quarter in the previous year, the company posted $0.46 EPS.

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 gathering and processing of natural gas and operation of a chain of hotels. The Company’s subsidiaries include CNA Financial Corporation (CNA); Diamond Offshore Drilling Inc. (Diamond Offshore); Boardwalk Pipeline Partners LP (Boardwalk Pipeline) and Loews Hotels Holding Corporation (Loews Hotels). CNA’s insurance products primarily include commercial property and casualty coverages including surety. Diamond Offshore is engaged in the business of operating drilling rigs. Boardwalk Pipeline is engaged in natural gas and natural gas liquids transportation and storage and natural gas gathering and processing. The subsidiaries of Loews Hotels Holding Corporation operate a chain of 21 hotels.

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