TIAA Trust National Association Has $390,000 Stake in Loews Corporation $L

TIAA Trust National Association decreased its position in Loews Corporation (NYSE:L) by 11.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 4,253 shares of the insurance provider’s stock after selling 556 shares during the quarter. TIAA Trust National Association’s holdings in Loews were worth $390,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wayfinding Financial LLC bought a new stake in Loews in the first quarter worth approximately $25,000. Elequin Capital LP acquired a new stake in shares of Loews in the 1st quarter valued at $30,000. Zions Bancorporation National Association UT bought a new stake in Loews in the first quarter worth $33,000. Hantz Financial Services Inc. increased its position in Loews by 14,900.0% during the second quarter. Hantz Financial Services Inc. now owns 450 shares of the insurance provider’s stock worth $41,000 after buying an additional 447 shares during the last quarter. Finally, Trust Co. of Toledo NA OH bought a new position in Loews during the second quarter valued at about $60,000. Institutional investors own 58.33% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b+)” rating on shares of Loews in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Loews Stock Performance

Shares of L opened at $100.92 on Thursday. The company has a market capitalization of $20.93 billion, a PE ratio of 16.04 and a beta of 0.73. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.33 and a quick ratio of 0.33. Loews Corporation has a one year low of $78.98 and a one year high of $103.52. The company’s fifty day moving average price is $98.99 and its 200 day moving average price is $93.34.

Loews (NYSE:L) last issued its quarterly earnings results on Monday, November 3rd. The insurance provider reported $2.43 earnings per share (EPS) for the quarter. Loews had a return on equity of 7.43% and a net margin of 7.47%.The company had revenue of $4.67 billion for the quarter.

Loews Company Profile

Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers specialty insurance products, such as management and professional liability, and other coverage products; surety and fidelity bonds; property insurance products that include standard and excess property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto, surplus, and umbrella coverages.