Loews Corp. (NYSE:L) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $41.27 and last traded at $41.20, with a volume of 331,551 shares changing hands. The stock had previously closed at $40.63.

L has been the topic of several recent analyst reports. TheStreet upgraded shares of Loews Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, June 2nd. Zacks Investment Research upgraded shares of Loews Corp. from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Monday, May 16th.

The firm has a market cap of $13.97 billion and a P/E ratio of 57.64. The firm has a 50 day moving average of $40.19 and a 200 day moving average of $38.41.

Loews Corp. (NYSE:L) last announced its earnings results on Monday, May 2nd. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by $0.17. During the same quarter in the previous year, the business posted $0.29 earnings per share. The company earned $3.17 billion during the quarter. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. On average, equities analysts forecast that Loews Corp. will post $2.50 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 14th. Investors of record on Wednesday, June 1st were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Friday, May 27th.

In related news, insider Gary W. Garson sold 1,120 shares of the firm’s stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of $39.68, for a total transaction of $44,441.60. Following the completion of the transaction, the insider now directly owns 11,250 shares in the company, valued at approximately $446,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Other institutional investors recently made changes to their positions in the company. US Bancorp DE boosted its position in shares of Loews Corp. by 14.4% in the fourth quarter. US Bancorp DE now owns 32,412 shares of the company’s stock valued at $1,245,000 after buying an additional 4,077 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of Loews Corp. by 10.8% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 4,860,941 shares of the company’s stock valued at $186,660,000 after buying an additional 474,732 shares during the last quarter. Levin Capital Strategies L.P. boosted its position in shares of Loews Corp. by 125.2% in the fourth quarter. Levin Capital Strategies L.P. now owns 113,428 shares of the company’s stock valued at $4,356,000 after buying an additional 63,050 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Loews Corp. by 16.5% in the fourth quarter. Victory Capital Management Inc. now owns 31,202 shares of the company’s stock valued at $1,198,000 after buying an additional 4,414 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in shares of Loews Corp. by 3.2% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 38,445 shares of the company’s stock valued at $1,476,000 after buying an additional 1,204 shares during the last quarter.

Loews Corporation is a holding company. The Company, through its subsidiaries, is engaged in commercial property and casualty insurance; operation of offshore oil and gas drilling rigs; transportation and storage of natural gas and natural gas liquids and gathering and processing of natural gas, and operation of a chain of hotels.

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