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.

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

Loews Trading Down 0.3 %

L stock traded down $0.24 during trading on Tuesday, hitting $82.97. 957,320 shares of the company traded hands, compared to its average volume of 713,250. The firm has a market capitalization of $18.07 billion, a PE ratio of 11.02 and a beta of 0.82. Loews has a 1 year low of $65.70 and a 1 year high of $84.56. The company has a 50-day moving average of $79.66 and a 200-day moving average of $77.92. 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 other news, 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 completion of the transaction, the insider now owns 6,781,634 shares of the company’s stock, valued at approximately $548,227,292.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Jonathan M. Tisch sold 62,500 shares of the company’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 value of $5,052,500.00. Following the sale, the insider now owns 6,781,634 shares in the company, valued at $548,227,292.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ann E. Berman sold 1,087 shares of the 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 sale, the director now owns 4,998 shares in the company, valued at approximately $406,737.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 88,587 shares of company stock valued at $7,186,460. Corporate 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 modified their holdings of L. Private Advisor Group LLC boosted its stake in shares of Loews by 5.0% in the 1st quarter. Private Advisor Group LLC now owns 5,306 shares of the insurance provider’s stock worth $415,000 after buying an additional 254 shares during the last quarter. Forsta AP Fonden bought a new position in Loews in the 1st quarter worth $188,000. Atomi Financial Group Inc. raised its holdings in Loews by 10.4% in the 1st quarter. Atomi Financial Group Inc. now owns 3,973 shares of the insurance provider’s stock worth $311,000 after purchasing an additional 375 shares during the period. Headlands Technologies LLC bought a new position in Loews in the 1st quarter worth $157,000. Finally, Bleakley Financial Group LLC bought a new position in Loews in the 1st quarter worth $223,000. 58.33% of the stock is currently owned by hedge funds and other 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.