LOEWS CORP recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
Loews Corp is a commercial property and casualty insurance diversified company that operates through three publicly traded companies and two wholly owned subsidiaries. The company cantrace its history back to 1946, when Laurence Tisch purchased a resort hotel inLakewood for $125,000. The two Tisch brothers would continue their hotel business and buy a controlling interest in Loew’s Theaters Inc. in 1959. The brothers would diversify the Loews business in the 1960s and 1970s, acquiring Lorillard, a tobacco company, CAN Financial, a financial corporation, and Bulova, a manufacturer of watches and clocks. Fueled by these acquisitions, the company’s revenue would grow from $100 million to $3 billion in just a decade. In the 1980s and 1990s, the company continued with diversifications, acquiring Diamon M. Drilling and, subsequently, ODECO, providing contract drilling services to the energy industry. The company would then purchase Texas Gas Transmissions and Gulf Pipeline Company, creating Boardwalk Pipeline Partners, and Dominion Resources, also selling off Bulova Watches to Citizen Holdings. Loews Corp currently offers management and professional liability insurance, risk management, specialized property and casualty coverage, commercial surety and fidelity bonds, alternative risk services, loss-sensitive insurance programs, claims administration services, a variety of underwriting services, and many others. Loews Corp currently has four operating subsidiaries that it owns a controlling majority in: CNA Financial Corporation, one of the largest commercial and casualty insurance organizations in the U.S.; Diamond Offshore Drilling, Inc, one of the largest offshore drilling companies; Boardwalk Pipeline Partners, operating interstate natural gas pipeline systems; and Loews Hotels & Resorts, the only company that Loews Corp completely owns, operating 22 luxury hotels in U.S. and Canada. Loews Corp has a total of over $78 billion in total assets, bringing in a total of over $15 billion revenue with over $1 billion net income. The company employs over 18,000 people as of 2015.
As of the latest 13F report, the guru’s equity portfolio contained 35 stocks valued at a total of $11.32Bil. The top holdings were CNA(96.44%), META(0.42%), and AMBP(0.24%).
According to GuruFocus data, these were LOEWS CORP’s top five trades of the quarter.
Meta Platforms Inc
During the quarter, LOEWS CORP bought 140,000 shares of NAS:META for a total holding of 295,000. The trade had a 0.2% impact on the equity portfolio. During the quarter, the stock traded for an average price of $193.38.
On 08/11/2022, Meta Platforms Inc traded for a price of $178.34 per share and a market cap of $479.30Bil. The stock has returned -50.62% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, Meta Platforms Inc has a price-earnings ratio of 13.93, a price-book ratio of 3.59, a price-earnings-to-growth (PEG) ratio of 0.52, a EV-to-Ebitda ratio of 8.89 and a price-sales ratio of 3.90.
The price-to-GF Value ratio is 0.46, earning the stock a GF Value rank of 4.
HCA Healthcare Inc
The guru established a new position worth 120,000 shares in NYSE:HCA, giving the stock a 0.18% weight in the equity portfolio. Shares traded for an average price of $215.4 during the quarter.
On 08/11/2022, HCA Healthcare Inc traded for a price of $216.72 per share and a market cap of $62.20Bil. The stock has returned -9.08% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, HCA Healthcare Inc has a price-earnings ratio of 10.42, a price-earnings-to-growth (PEG) ratio of 0.79, a EV-to-Ebitda ratio of 7.37 and a price-sales ratio of 1.10.
The price-to-GF Value ratio is 1.00, earning the stock a GF Value rank of 6.
Fiserv Inc
The guru sold out of their 110,000-share investment in NAS:FISV. Previously, the stock had a 0.09% weight in the equity portfolio. Shares traded for an average price of $97.06 during the quarter.
On 08/11/2022, Fiserv Inc traded for a price of $106.54 per share and a market cap of $68.14Bil. The stock has returned -4.02% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Fiserv Inc has a price-earnings ratio of 34.57, a price-book ratio of 2.19, a price-earnings-to-growth (PEG) ratio of 2.23, a EV-to-Ebitda ratio of 14.66 and a price-sales ratio of 4.14.
The price-to-GF Value ratio is 0.82, earning the stock a GF Value rank of 9.
Morgan Stanley
The guru sold out of their 115,000-share investment in NYSE:MS. Previously, the stock had a 0.08% weight in the equity portfolio. Shares traded for an average price of $82 during the quarter.
On 08/11/2022, Morgan Stanley traded for a price of $88.89 per share and a market cap of $152.61Bil. The stock has returned -10.07% over the past year.
GuruFocus gives the company a financial strength rating of 2 out of 10 and a profitability rating of 6 out of 10.
In terms of valuation, Morgan Stanley has a price-earnings ratio of 12.00, a price-book ratio of 1.63, a price-earnings-to-growth (PEG) ratio of 1.38 and a price-sales ratio of 2.95.
The price-to-GF Value ratio is 1.14, earning the stock a GF Value rank of 3.
Teledyne Technologies Inc
The guru sold out of their 20,000-share investment in NYSE:TDY. Previously, the stock had a 0.08% weight in the equity portfolio. Shares traded for an average price of $417.76 during the quarter.
On 08/11/2022, Teledyne Technologies Inc traded for a price of $395.28 per share and a market cap of $18.52Bil. The stock has returned -12.72% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Teledyne Technologies Inc has a price-earnings ratio of 27.75, a price-book ratio of 2.35, a price-earnings-to-growth (PEG) ratio of 1.76, a EV-to-Ebitda ratio of 17.37 and a price-sales ratio of 3.50.
The price-to-GF Value ratio is 0.80, earning the stock a GF Value rank of 9.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
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