StockNews.com Upgrades Loews (NYSE:L) to Strong-Buy

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

A number of other brokerages have also recently commented on L. Jefferies Financial Group dropped their price target on Loews from $115.00 to $112.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Royal Bank of Canada raised Loews to a “moderate buy” rating in a research note on Friday, July 26th.

Loews Stock Up 0.3 %

NYSE L opened at $83.21 on Tuesday. The business has a fifty day moving average price of $79.68 and a two-hundred day moving average price of $77.98. The stock has a market capitalization of $18.12 billion, a PE ratio of 11.06 and a beta of 0.82. Loews has a fifty-two week low of $65.92 and a fifty-two week high of $84.56. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.34 and a quick ratio of 0.34.

Insider Buying and Selling

In related news, insider Jonathan M. Tisch sold 62,500 shares of Loews 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 directly owns 6,781,634 shares of the company’s stock, valued at $548,227,292.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Jonathan M. Tisch sold 62,500 shares of Loews stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $80.84, for a total transaction of $5,052,500.00. Following the completion of the transaction, the insider now owns 6,781,634 shares of the company’s stock, valued at $548,227,292.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan M. Tisch sold 25,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $81.82, for a total transaction of $2,045,500.00. Following the sale, the insider now directly owns 461,395 shares in the company, valued at $37,751,338.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 163,587 shares of company stock valued at $13,423,460 in the last three months. Insiders own 18.70% of the company’s stock.

Institutional Investors Weigh In On Loews

A number of hedge funds have recently added to or reduced their stakes in the business. Glenmede Trust Co. NA boosted its stake in Loews by 20.5% during the third quarter. Glenmede Trust Co. NA now owns 5,605 shares of the insurance provider’s stock worth $443,000 after acquiring an additional 952 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Loews by 42.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 235,569 shares of the insurance provider’s stock worth $18,622,000 after purchasing an additional 69,836 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Loews in the 3rd quarter valued at about $40,000. Dynamic Technology Lab Private Ltd bought a new stake in Loews in the 3rd quarter valued at about $674,000. Finally, Daiwa Securities Group Inc. raised its stake in Loews by 11.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 22,632 shares of the insurance provider’s stock worth $1,789,000 after buying an additional 2,304 shares during the period. 58.33% of the stock is currently owned by institutional investors.

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.