Loews Co. (NYSE:L) VP Marc A. Alpert sold 3,526 shares of Loews stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $54.13, for a total value of $190,862.38. Following the sale, the vice president now owns 7,538 shares of the company’s stock, valued at $408,031.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Loews stock opened at $54.19 on Friday. The firm has a market cap of $15.56 billion, a P/E ratio of 17.71 and a beta of 0.64. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.51. Loews Co. has a 12 month low of $46.29 and a 12 month high of $56.88. The stock’s fifty day moving average price is $52.36 and its 200-day moving average price is $50.89.
Loews (NYSE:L) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $3.88 billion for the quarter. Loews had a return on equity of 4.88% and a net margin of 6.24%. During the same quarter in the prior year, the business posted ($0.28) EPS.
Institutional investors have recently made changes to their positions in the company. Citizens Financial Group Inc RI increased its stake in shares of Loews by 346.3% during the fourth quarter. Citizens Financial Group Inc RI now owns 482 shares of the insurance provider’s stock valued at $25,000 after buying an additional 374 shares during the period. TCI Wealth Advisors Inc. increased its stake in shares of Loews by 100.0% during the fourth quarter. TCI Wealth Advisors Inc. now owns 600 shares of the insurance provider’s stock valued at $31,000 after buying an additional 300 shares during the period. Clear Harbor Asset Management LLC purchased a new position in shares of Loews during the fourth quarter valued at $41,000. Meeder Asset Management Inc. increased its stake in shares of Loews by 267.9% during the third quarter. Meeder Asset Management Inc. now owns 883 shares of the insurance provider’s stock valued at $45,000 after buying an additional 643 shares during the period. Finally, Fieldpoint Private Securities LLC increased its stake in shares of Loews by 111.8% during the fourth quarter. Fieldpoint Private Securities LLC now owns 900 shares of the insurance provider’s stock valued at $47,000 after buying an additional 475 shares during the period. Hedge funds and other institutional investors own 61.55% of the company’s stock.
L has been the subject of several research analyst reports. TheStreet upgraded Loews from a “c+” rating to a “b-” rating in a research report on Thursday, January 30th. TD Securities cut their price target on Loews from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Loews has an average rating of “Hold” and a consensus target price of $67.50.
Loews Corporation, through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally. It operates through CNA Financial Corporation; Diamond Offshore Drilling, Inc; Boardwalk Pipeline Partners, LP; and Loews Hotels Holding Corporation segments. The company offers specialty insurance products, such as management and professional liability insurance coverages and products; surety and fidelity bonds; and warranty and alternative risk services.
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