Loews (NYSE:L) Rating Lowered to Buy at 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.

A number of other equities research analysts have also recently issued reports on the company. Royal Bank of Canada upgraded Loews to a “moderate buy” rating in a research note on Friday, July 26th. Jefferies Financial Group cut their price target on shares of Loews from $115.00 to $112.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st.

Loews Stock Up 0.9 %

Loews stock opened at $85.27 on Wednesday. The company has a fifty day simple moving average of $80.29 and a 200 day simple moving average of $78.34. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.48. Loews has a 1-year low of $67.20 and a 1-year high of $85.36. The company has a market cap of $18.57 billion, a P/E ratio of 11.32 and a beta of 0.82.

Insider Buying and Selling

In other Loews news, Director Andrew H. Tisch sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were 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 $994,097,507.02. This trade represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jonathan M. Tisch sold 62,500 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $80.84, for a total value of $5,052,500.00. Following the transaction, the insider now owns 6,781,634 shares in the company, valued at approximately $548,227,292.56. This trade represents a 0.91 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 213,587 shares of company stock valued at $17,586,460. 18.70% of the stock is owned by insiders.

Institutional Trading of Loews

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

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.