University of Texas Texas AM Investment Management Co. Makes New Investment in Loews Corporation $L

University of Texas Texas AM Investment Management Co. acquired a new position in shares of Loews Corporation (NYSE:L) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,607 shares of the insurance provider’s stock, valued at approximately $1,839,000.

Several other institutional investors have also made changes to their positions in the business. Edmond DE Rothschild Holding S.A. bought a new stake in Loews in the second quarter valued at about $26,000. Fiduciary Financial Advisors acquired a new position in Loews in the second quarter worth about $26,000. Keating Financial Advisory Services Inc. acquired a new position in Loews in the second quarter worth about $28,000. Reyes Financial Architecture Inc. bought a new position in Loews during the third quarter worth about $32,000. Finally, Elevation Wealth Partners LLC lifted its stake in Loews by 245.9% during the third quarter. Elevation Wealth Partners LLC now owns 422 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 300 shares during the period. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Loews from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, November 3rd. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, Loews presently has an average rating of “Buy”.

Loews Stock Performance

Shares of NYSE:L opened at $109.83 on Monday. The business’s fifty day moving average price is $108.63 and its two-hundred day moving average price is $109.53. Loews Corporation has a fifty-two week low of $101.08 and a fifty-two week high of $121.01. The stock has a market capitalization of $22.21 billion, a price-to-earnings ratio of 15.19 and a beta of 0.49. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.36 and a quick ratio of 0.36.

Loews (NYSE:L) last released its quarterly earnings data on Monday, November 2nd. The insurance provider reported $1.50 earnings per share (EPS) for the quarter. The firm had revenue of $4.76 billion during the quarter. Loews had a return on equity of 7.60% and a net margin of 7.93%.

Loews Company Profile

Loews Corporation is a diversified holding company with businesses in insurance, energy infrastructure and hospitality. Its subsidiaries operate independently, while Loews provides corporate oversight and capital allocation.

CNA Financial provides commercial property and casualty insurance, along with related services, to businesses and organizations. Boardwalk Pipelines operates natural gas pipeline and storage infrastructure, primarily in the United States. Loews Hotels & Co owns and operates hotels and resorts, principally in North America.

The company traces its origins to 1946, when brothers Laurence and Preston Robert Tisch founded Loews Theatres.