Today’s Market Runner: Loews Corp (NYSE:L) Institutional Investor Sentiment Trend

November 28, 2016 - By Winifred Garcia   ·   0 Comments

Today's Market Runner: Loews Corp (NYSE:L) Institutional Investor Sentiment Trend

Sentiment for Loews Corp (NYSE:L)

Loews Corp (NYSE:L) institutional sentiment decreased to 1.05 in 2016 Q2. Its down -0.06, from 1.11 in 2016Q1. The ratio dropped, as 175 investment managers opened new or increased equity positions, while 157 trimmed and sold stakes in Loews Corp. The investment managers in our partner’s database reported: 187.71 million shares, up from 186.12 million shares in 2016Q1. Also, the number of investment managers holding Loews Corp in their top 10 equity positions increased from 8 to 9 for an increase of 1. Sold All: 30 Reduced: 127 Increased: 136 New Position: 39.

Loews Corporation is a holding company. The company has a market cap of $14.84 billion. The Company, through its subsidiaries, is engaged in commercial property and casualty insurance; operation of offshore gas and oil 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. It has a 89.14 P/E ratio. The Company’s subsidiaries include CNA Financial Corporation ; Diamond Offshore Drilling, Inc. (Diamond Offshore); Boardwalk Pipeline Partners, LP (Boardwalk Pipeline), and Loews Hotels Holding Corporation (Loews Hotels).

About 210,020 shares traded hands. Loews Corporation (NYSE:L) has risen 12.07% since April 25, 2016 and is uptrending. It has outperformed by 6.06% the S&P500.

Analysts await Loews Corporation (NYSE:L) to report earnings on February, 13. They expect $0.66 EPS, up 43.48% or $0.20 from last year’s $0.46 per share. L’s profit will be $220.99M for 16.79 P/E if the $0.66 EPS becomes a reality. After $0.97 actual EPS reported by Loews Corporation for the previous quarter, Wall Street now forecasts -31.96% negative EPS growth.

According to Zacks Investment Research, “Loews is a holding company. Their subsidiaries are engaged in the following lines of business: commercial property and casualty insurance (CNA Financial Corporation); operation of offshore oil and gas drilling rigs (Diamond Offshore Drilling); transportation and storage of natural gas and natural gas liquids and gathering and processing of natural gas (Boardwalk Pipeline Partners, LP); and operation of a chain of hotels (Loews Hotels Holding Corporation).”

Kiltearn Partners Llp holds 5.01% of its portfolio in Loews Corporation for 2.71 million shares. Mraz Amerine & Associates Inc. owns 300,121 shares or 4.32% of their US portfolio. Moreover, America First Investment Advisors Llc has 3.96% invested in the company for 230,840 shares. The Ohio-based Eubel Brady & Suttman Asset Management Inc has invested 3.47% in the stock. Wallace Capital Management Inc., a Texas-based fund reported 506,335 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 7 insider sales for $366,980 net activity.

L Company Profile

Loews Corporation, incorporated on November 12, 1969, is a holding company. The Company, through its subsidiaries, is engaged in commercial property and casualty insurance; operation of offshore gas and oil 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).

More news for Loews Corporation (NYSE:L) were recently published by: Fool.com, which released: “Loews Corporation Profits Rise as Cash Balances Hit $5 Billion” on November 01, 2016. Nasdaq.com‘s article titled: “Loews Corporation (L) Ex-Dividend Date Scheduled for November 28, 2016” and published on November 25, 2016 is yet another important article.

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By Winifred Garcia


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