Loews (NYSE:L) Cut to Hold at StockNews.com

Loews (NYSE:L) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Loews Stock Down 1.2 %

Shares of NYSE L traded down $1.06 during trading on Tuesday, reaching $84.88. 654,803 shares of the stock were exchanged, compared to its average volume of 674,133. The business’s 50-day moving average price is $84.68 and its 200 day moving average price is $81.89. Loews has a twelve month low of $72.50 and a twelve month high of $88.29. 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 company has a market capitalization of $18.49 billion, a price-to-earnings ratio of 11.27 and a beta of 0.83.

Loews (NYSE:L) last posted its earnings results on Monday, February 10th. The insurance provider reported $0.86 EPS for the quarter. Loews had a net margin of 9.71% and a return on equity of 9.70%.

Insider Transactions at Loews

In other Loews news, Director Andrew H. Tisch sold 7,533 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $84.35, for a total transaction of $635,408.55. Following the sale, the director now directly owns 1,568,191 shares of the company’s stock, valued at approximately $132,276,910.85. This represents a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan M. Tisch sold 3,691 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total transaction of $320,710.99. The disclosure for this sale can be found here. Over the last three months, insiders have sold 62,370 shares of company stock valued at $5,218,627. Corporate insiders own 18.70% of the company’s stock.

Institutional Trading of Loews

A number of institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC grew its position in shares of Loews by 9.9% during the third quarter. CWM LLC now owns 4,022 shares of the insurance provider’s stock worth $318,000 after acquiring an additional 363 shares during the last quarter. Ritholtz Wealth Management grew its position in Loews by 34.6% in the 3rd quarter. Ritholtz Wealth Management now owns 5,317 shares of the insurance provider’s stock valued at $420,000 after buying an additional 1,368 shares in the last quarter. Creative Planning grew its position in Loews by 3.2% in the 3rd quarter. Creative Planning now owns 22,102 shares of the insurance provider’s stock valued at $1,747,000 after buying an additional 677 shares in the last quarter. Swedbank AB grew its position in Loews by 8.8% in the 3rd quarter. Swedbank AB now owns 379,647 shares of the insurance provider’s stock valued at $30,011,000 after buying an additional 30,600 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC bought a new position in shares of Loews during the 3rd quarter valued at about $213,000. 58.33% of the stock is owned by institutional investors and hedge funds.

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.