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First Trust Advisors LP Raises Position in Loews Corporation $L
First Trust Advisors LP significantly increased its stake in Loews Corporation (NYSE:L) by 31.6% in the third quarter, now owning 496,997 shares valued at $49.89 million. Several other institutional investors also modified their holdings in the insurance provider, which recently reported Q4 earnings of $1.94 EPS and declared a quarterly dividend of $0.0625. Loews maintains a “Strong Buy” average rating from analysts and has seen recent insider stock sales totaling over $11 million.