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

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

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

Loews Stock Down 0.3 %

L stock opened at $84.14 on Wednesday. Loews has a one year low of $66.60 and a one year high of $84.59. The firm has a market cap of $18.32 billion, a PE ratio of 11.17 and a beta of 0.82. The firm’s 50 day moving average price is $80.01 and its 200-day moving average price is $78.24. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.34 and a current ratio of 0.34.

Insider Transactions at Loews

In related news, Director Andrew H. Tisch sold 50,000 shares of the stock in a transaction dated 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 transaction, the director now owns 11,939,677 shares of the company’s stock, valued at approximately $994,097,507.02. This represents a 0.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann E. Berman sold 1,087 shares of Loews stock in a transaction dated 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 directly owns 4,998 shares of the company’s stock, valued at approximately $406,737.24. This represents a 17.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 213,587 shares of company stock worth $17,586,460 over the last ninety days. Company insiders own 18.70% of the company’s stock.

Institutional Investors Weigh In On Loews

Hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. boosted its stake in shares of Loews by 453.9% in the 1st quarter. Bessemer Group Inc. now owns 18,429 shares of the insurance provider’s stock valued at $1,443,000 after buying an additional 15,102 shares during the period. Swedbank AB grew its holdings in Loews by 15.6% during the 2nd quarter. Swedbank AB now owns 349,047 shares of the insurance provider’s stock worth $26,088,000 after acquiring an additional 47,013 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Loews by 8.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 122,208 shares of the insurance provider’s stock valued at $9,134,000 after purchasing an additional 9,296 shares during the last quarter. UniSuper Management Pty Ltd raised its holdings in shares of Loews by 487.5% in the 1st quarter. UniSuper Management Pty Ltd now owns 14,483 shares of the insurance provider’s stock valued at $1,134,000 after purchasing an additional 12,018 shares in the last quarter. Finally, iA Global Asset Management Inc. lifted its position in shares of Loews by 171.4% during the 1st quarter. iA Global Asset Management Inc. now owns 21,768 shares of the insurance provider’s stock worth $1,704,000 after purchasing an additional 13,747 shares during 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.