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

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

Other equities analysts have also recently issued research reports about the company. Royal Bank of Canada raised Loews to a “moderate buy” rating in a report on Friday, July 26th. Jefferies Financial Group lowered their price objective on 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 Performance

NYSE L opened at $85.27 on Wednesday. The firm’s fifty day moving average price is $80.29 and its two-hundred day moving average price is $78.34. The stock has a market cap of $18.57 billion, a PE ratio of 11.32 and a beta of 0.82. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.34 and a current ratio of 0.34. Loews has a fifty-two week low of $67.20 and a fifty-two week high of $85.36.

Insider Buying and Selling

In related news, Director Ann E. Berman sold 1,087 shares of the business’s 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 transaction, the director now owns 4,998 shares in the company, valued at $406,737.24. The trade was a 17.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan M. Tisch sold 62,500 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $548,227,292.56. The trade was a 0.91 % 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 valued at $17,586,460 in the last three months. Insiders own 18.70% of the company’s stock.

Institutional Investors Weigh In On Loews

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

About Loews

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.