Loews Co. (NYSE:L) has received an average recommendation of “Hold” from the eight analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $60.12.

Several equities research analysts recently issued reports on L shares. Scotiabank reiterated an “average” rating and set a $68.00 price target on shares of Loews in a report on Friday, February 22nd. Barclays reiterated an “average” rating and set a $72.00 price target on shares of Loews in a report on Thursday, February 21st. Finally, Zacks Investment Research upgraded Loews from a “sell” rating to a “hold” rating in a research note on Tuesday, January 8th.

In other news, Director Joseph L. Bower sold 812 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $47.56, for a total transaction of $38,618.72. Following the transaction, the director now owns 10,886 shares of the company’s stock, valued at approximately $517,738.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mark S. Schwartz sold 11,415 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $47.85, for a total value of $546,207.75. Following the transaction, the chief accounting officer now directly owns 1 shares in the company, valued at approximately $47.85. The disclosure for this sale can be found here. Insiders sold a total of 29,566 shares of company stock valued at $1,390,479 in the last 90 days. Corporate insiders own 12.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of L. Norges Bank purchased a new stake in Loews during the 4th quarter worth about $320,954,000. Oregon Public Employees Retirement Fund lifted its holdings in Loews by 4,728.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,401,027 shares of the insurance provider’s stock worth $75,000 after purchasing an additional 3,330,590 shares in the last quarter. BlackRock Inc. lifted its holdings in Loews by 4.1% during the 4th quarter. BlackRock Inc. now owns 18,932,642 shares of the insurance provider’s stock worth $861,813,000 after purchasing an additional 739,962 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Loews by 33.4% in the 4th quarter. California Public Employees Retirement System now owns 1,610,859 shares of the insurance provider’s stock valued at $73,326,000 after acquiring an additional 403,256 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Loews by 18.8% in the 4th quarter. Bank of New York Mellon Corp now owns 2,478,852 shares of the insurance provider’s stock valued at $112,837,000 after acquiring an additional 393,140 shares in the last quarter. 66.47% of the stock is currently owned by hedge funds and other institutional investors.

Loews stock traded down $0.42 during trading on Friday, hitting $48.82. 1,710,521 shares of the company were exchanged, compared to its average volume of 1,107,568. Loews has a 52 week low of $42.06 and a 52 week high of $53.04. The company has a market capitalization of $15.21 billion, a P/E ratio of 17.19 and a beta of 0.66. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.53.

Loews (NYSE:L) last announced its quarterly earnings results on Monday, February 11th. The insurance provider reported ($0.53) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($1.06). Loews had a return on equity of 4.16% and a net margin of 4.52%. The company had revenue of $3.29 billion for the quarter. During the same period in the prior year, the business earned $0.81 EPS. On average, analysts predict that Loews will post 3.2 EPS for the current year.

About Loews

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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Analyst Recommendations for Loews (NYSE:L)

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