Loews Corporation $L Stock Holdings Trimmed by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS Asset Management reduced its stake in Loews Corporation (NYSE:L) by 3.6% in the second quarter, selling 45,128 shares and retaining 1.20 million shares worth $136.4 million. Despite the reduction, institutional investors collectively own 58.33% of the company. Loews recently received an upgrade from Weiss Ratings to "buy (A-)" and holds an average "Strong Buy" rating from analysts, while also reporting strong quarterly earnings and a dividend payment.