Loews (NYSE:L) Upgraded at StockNews.com

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

Other equities research analysts have also recently issued reports about 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 report on Wednesday, July 31st. Royal Bank of Canada raised Loews to a “moderate buy” rating in a report on Friday, July 26th.

Loews Price Performance

NYSE:L traded down $0.24 on Tuesday, reaching $82.97. 957,320 shares of the company’s stock traded hands, compared to its average volume of 713,250. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.48. The stock has a 50-day simple moving average of $79.66 and a 200-day simple moving average of $77.92. The firm has a market cap of $18.07 billion, a PE ratio of 11.02 and a beta of 0.82. Loews has a 12 month low of $65.70 and a 12 month high of $84.56.

Insider Buying and Selling

In other Loews news, insider Jonathan M. Tisch sold 62,500 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was 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 in the company, valued at $548,227,292.56. The trade was 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 this link. In other Loews news, Director Ann E. Berman sold 1,087 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $81.38, for a total transaction 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 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 this link. Also, insider Jonathan M. Tisch sold 62,500 shares of Loews stock in a transaction that occurred 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 sale, the insider now directly owns 6,781,634 shares of the company’s stock, valued at $548,227,292.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 88,587 shares of company stock worth $7,186,460. Corporate insiders own 18.70% of the company’s stock.

Institutional Trading of Loews

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Loews by 2.5% in the first quarter. Vanguard Group Inc. now owns 21,156,933 shares of the insurance provider’s stock worth $1,656,376,000 after buying an additional 507,513 shares in the last quarter. Swedbank AB acquired a new position in shares of Loews during the first quarter worth $23,646,000. TD Asset Management Inc increased its position in shares of Loews by 77.9% during the second quarter. TD Asset Management Inc now owns 525,920 shares of the insurance provider’s stock worth $39,307,000 after purchasing an additional 230,231 shares in the last quarter. Bank of Montreal Can increased its position in shares of Loews by 106.3% during the second quarter. Bank of Montreal Can now owns 353,160 shares of the insurance provider’s stock worth $27,338,000 after purchasing an additional 182,009 shares in the last quarter. Finally, Lee Danner & Bass Inc. acquired a new position in shares of Loews during the second quarter worth $13,379,000. 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.