Loews Corporation (NYSE:L) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Several other analysts have also issued reports on L. Jefferies Group LLC reiterated a “sell” rating and set a $35.00 target price on shares of Loews Corporation in a report on Tuesday, June 6th. Zacks Investment Research lowered Loews Corporation from a “buy” rating to a “hold” rating in a report on Monday, June 19th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $43.33.

Loews Corporation (NYSE L) traded up 0.57% during mid-day trading on Thursday, reaching $47.48. The company’s stock had a trading volume of 1,045,242 shares. The firm has a market capitalization of $15.98 billion, a price-to-earnings ratio of 14.03 and a beta of 0.71. Loews Corporation has a 1-year low of $39.71 and a 1-year high of $49.58. The firm has a 50-day moving average of $47.98 and a 200 day moving average of $47.16.

Loews Corporation (NYSE:L) last released its earnings results on Monday, July 31st. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. Loews Corporation had a return on equity of 4.84% and a net margin of 8.44%. The business had revenue of $3.36 billion for the quarter. During the same quarter in the previous year, the company posted $0.59 EPS. Equities analysts expect that Loews Corporation will post $3.05 earnings per share for the current year.

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A number of hedge funds have recently added to or reduced their stakes in L. Macquarie Group Ltd. raised its stake in Loews Corporation by 34.0% in the fourth quarter. Macquarie Group Ltd. now owns 20,900 shares of the insurance provider’s stock valued at $979,000 after buying an additional 5,300 shares during the last quarter. Creative Planning increased its position in shares of Loews Corporation by 3.7% in the first quarter. Creative Planning now owns 5,672 shares of the insurance provider’s stock worth $265,000 after buying an additional 205 shares during the period. Bank of Montreal Can increased its position in shares of Loews Corporation by 52.2% in the first quarter. Bank of Montreal Can now owns 114,588 shares of the insurance provider’s stock worth $5,359,000 after buying an additional 39,320 shares during the period. DnB Asset Management AS increased its position in shares of Loews Corporation by 16.2% in the first quarter. DnB Asset Management AS now owns 39,493 shares of the insurance provider’s stock worth $1,847,000 after buying an additional 5,500 shares during the period. Finally, State of Alaska Department of Revenue acquired a new position in shares of Loews Corporation during the first quarter worth $743,000. Institutional investors and hedge funds own 58.80% of the company’s stock.

About Loews Corporation

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 operation of a chain of hotels. The Company has five segments consisted of its four individual operating subsidiaries, CNA Financial Corporation (CNA), Diamond Offshore Drilling, Inc (Diamond Offshore), Boardwalk Pipeline Partners, LP (Boardwalk Pipeline) and Loews Hotels Holding Corporation (Loews Hotels), and the Corporate segment.

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