Gulf International Bank UK Ltd Has $2.85 Million Position in Loews Co. (L)

Gulf International Bank UK Ltd boosted its holdings in Loews Co. (NYSE:L) by 0.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,383 shares of the insurance provider’s stock after acquiring an additional 380 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Loews were worth $2,846,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of L. Clean Yield Group bought a new stake in shares of Loews during the 4th quarter worth $39,000. JOYN Advisors Inc. boosted its stake in shares of Loews by 338.6% during the 4th quarter. JOYN Advisors Inc. now owns 943 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 728 shares in the last quarter. Stamos Capital Partners L.P. bought a new stake in shares of Loews during the 4th quarter worth $53,000. JNBA Financial Advisors bought a new stake in shares of Loews during the 4th quarter worth $55,000. Finally, Captrust Financial Advisors boosted its stake in shares of Loews by 100.9% during the 4th quarter. Captrust Financial Advisors now owns 1,340 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 673 shares in the last quarter. Hedge funds and other institutional investors own 66.47% of the company’s stock.

Shares of Loews stock opened at $48.82 on Monday. The firm has a market capitalization of $14.96 billion, a PE ratio of 17.19 and a beta of 0.66. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.53. Loews Co. has a 12 month low of $42.06 and a 12 month high of $53.04.

Loews (NYSE:L) last issued its earnings results on Monday, February 11th. The insurance provider reported ($0.53) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($1.06). The business had revenue of $3.29 billion during the quarter. Loews had a return on equity of 4.16% and a net margin of 4.52%. During the same period in the previous year, the business posted $0.81 earnings per share. As a group, analysts predict that Loews Co. will post 3.2 earnings per share for the current fiscal year.

In related news, insider Jonathan M. Tisch sold 4,585 shares of the stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $46.84, for a total transaction of $214,761.40. Following the completion of the sale, the insider now directly owns 12,706 shares in the company, valued at $595,149.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jonathan M. Tisch sold 5,943 shares of the stock in a transaction on Monday, February 11th. The stock was sold at an average price of $44.54, for a total value of $264,701.22. Following the sale, the insider now owns 12,706 shares of the company’s stock, valued at $565,925.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,566 shares of company stock valued at $1,390,479. 14.20% of the stock is currently owned by insiders.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Loews from a “sell” rating to a “hold” rating in a research note on Tuesday, January 8th. Barclays reaffirmed an “average” rating and issued a $72.00 target price on shares of Loews in a research report on Thursday, February 21st. Finally, Scotiabank reaffirmed an “average” rating and issued a $68.00 target price on shares of Loews in a research report on Friday, February 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Loews presently has an average rating of “Hold” and a consensus target price of $59.24.

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About Loews

Loews Corporation, through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally. It operates through CNA Financial Corporation; Diamond Offshore Drilling, Inc; Boardwalk Pipeline Partners, LP; and Loews Hotels Holding Corporation segments. The company offers specialty insurance products, such as management and professional liability insurance coverages and products; surety and fidelity bonds; and warranty and alternative risk services.

Further Reading: Are sell-side analysts objective?

Institutional Ownership by Quarter for Loews (NYSE:L)

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