Loews (NYSE:L) Downgraded by StockNews.com to “Buy”

Loews (NYSE:L) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Wednesday.

Several other analysts have also commented on the stock. Royal Bank of Canada upgraded shares of Loews to a “moderate buy” rating in a research report on Friday, July 26th. Jefferies Financial Group dropped their price objective on Loews from $115.00 to $112.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st.

Loews Price Performance

NYSE:L opened at $84.14 on Wednesday. The firm’s fifty day moving average is $80.01 and its two-hundred day moving average is $78.24. The firm has a market cap of $18.32 billion, a price-to-earnings ratio of 11.17 and a beta of 0.82. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.34 and a current ratio of 0.34. Loews has a one year low of $66.60 and a one year high of $84.59.

Insider Buying and Selling

In related news, Director Andrew H. Tisch sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $83.26, for a total transaction of $4,163,000.00. Following the completion of the sale, the director now directly owns 11,939,677 shares in the company, valued at approximately $994,097,507.02. The trade was a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ann E. Berman sold 1,087 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $81.38, for a total value of $88,460.06. Following the completion of the transaction, the director now owns 4,998 shares in the company, valued at $406,737.24. The trade was a 17.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 213,587 shares of company stock worth $17,586,460 in the last 90 days. Insiders own 18.70% of the company’s stock.

Hedge Funds Weigh In On Loews

A number of institutional investors and hedge funds have recently bought and sold shares of L. Toronto Dominion Bank raised its holdings in Loews by 1.7% in the 3rd quarter. Toronto Dominion Bank now owns 92,478 shares of the insurance provider’s stock valued at $7,310,000 after acquiring an additional 1,570 shares during the last quarter. Coldstream Capital Management Inc. grew its position in shares of Loews by 13.6% in the third quarter. Coldstream Capital Management Inc. now owns 4,173 shares of the insurance provider’s stock valued at $332,000 after purchasing an additional 501 shares in the last quarter. Geode Capital Management LLC lifted its position in Loews by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,265,493 shares of the insurance provider’s stock worth $336,005,000 after buying an additional 53,428 shares in the last quarter. M&T Bank Corp boosted its stake in Loews by 0.8% during the third quarter. M&T Bank Corp now owns 46,677 shares of the insurance provider’s stock worth $3,690,000 after buying an additional 377 shares during the last quarter. Finally, Barclays PLC grew its holdings in Loews by 13.1% in the 3rd quarter. Barclays PLC now owns 752,380 shares of the insurance provider’s stock valued at $59,473,000 after buying an additional 87,259 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Loews Company Profile

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.