Bridgewater Advisors Inc. Makes New Investment in Loews Corporation $L

Bridgewater Advisors Inc. bought a new stake in Loews Corporation (NYSE:L) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,318 shares of the insurance provider’s stock, valued at approximately $209,000.

Several other institutional investors have also modified their holdings of L. Wayfinding Financial LLC bought a new stake in Loews in the 1st quarter valued at about $25,000. Elequin Capital LP bought a new position in Loews in the 1st quarter worth about $30,000. Zions Bancorporation National Association UT acquired a new stake in shares of Loews in the first quarter valued at approximately $33,000. Hantz Financial Services Inc. boosted its position in shares of 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 period. Finally, Trust Co. of Toledo NA OH bought a new position in Loews in the 2nd quarter worth approximately $60,000. Institutional investors own 58.33% of the company’s stock.

Wall Street Analyst Weigh In

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

Loews Trading Up 1.2%

Loews stock opened at $100.64 on Wednesday. Loews Corporation has a 12-month low of $76.33 and a 12-month high of $103.52. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $20.88 billion, a PE ratio of 16.00 and a beta of 0.73. The firm has a 50 day simple moving average of $98.90 and a 200-day simple moving average of $93.29.

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

About Loews

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.