Loews Corporation (L) : First Mercantile Trust Co reduced its stake in Loews Corporation by 13.98% during the most recent quarter end. The investment management company now holds a total of 20,300 shares of Loews Corporation which is valued at $838,187 after selling 3,300 shares in Loews Corporation , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Loews Corporation makes up approximately 0.11% of First Mercantile Trust Co’s portfolio.
Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx boosted its stake in L in the latest quarter, The investment management firm added 1,255 additional shares and now holds a total of 70,582 shares of Loews Corporation which is valued at $2,914,331. Loews Corporation makes up approx 0.06% of Exxonmobil Investment Management Inc Tx’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in L by selling 77,384 shares or 55.11% in the most recent quarter. The Hedge Fund company now holds 63,026 shares of L which is valued at $2,600,453. Loews Corporation makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Chevy Chase Trust Holdings boosted its stake in L in the latest quarter, The investment management firm added 1,878 additional shares and now holds a total of 238,472 shares of Loews Corporation which is valued at $9,839,355. Loews Corporation makes up approx 0.05% of Chevy Chase Trust Holdings’s portfolio. Washington Trust Bank added L to its portfolio by purchasing 63 company shares during the most recent quarter which is valued at $2,599.
Loews Corporation opened for trading at $41.23 and hit $41.39 on the upside on Friday, eventually ending the session at $41.29, with a gain of 0.32% or 0.13 points. The heightened volatility saw the trading volume jump to 8,69,933 shares. Company has a market cap of $13,919 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 Companys 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). CNAs 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.