Citigroup Inc. Raises Stake in Loews Corporation $L

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Citigroup Inc. significantly increased its stake in Loews Corporation during the third quarter, purchasing an additional 14,362 shares to bring its total holdings to 199,531 shares valued at approximately $20.03 million. The company has a market capitalization of $22.54 billion, a P/E ratio of 13.71, and has a consensus analyst rating of “Strong Buy.” Despite some insider selling, institutional investors hold a substantial 58.33% of the stock.

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