Comerica Bank grew its holdings in shares of Loews Corporation (NYSE:L) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 107,027 shares of the insurance provider’s stock after purchasing an additional 2,190 shares during the period. Comerica Bank’s holdings in Loews were worth $5,677,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Boston Partners boosted its stake in shares of Loews by 1.7% in the fourth quarter. Boston Partners now owns 8,045,473 shares of the insurance provider’s stock valued at $402,515,000 after purchasing an additional 131,148 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Loews by 15.9% in the third quarter. Wells Fargo & Company MN now owns 5,038,288 shares of the insurance provider’s stock valued at $241,132,000 after purchasing an additional 689,401 shares during the period. Marathon Asset Management LLP boosted its stake in shares of Loews by 1.7% in the fourth quarter. Marathon Asset Management LLP now owns 2,082,148 shares of the insurance provider’s stock valued at $104,170,000 after purchasing an additional 34,263 shares during the period. TD Asset Management Inc. boosted its stake in shares of Loews by 13.3% in the third quarter. TD Asset Management Inc. now owns 1,876,838 shares of the insurance provider’s stock valued at $89,825,000 after purchasing an additional 220,154 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its stake in shares of Loews by 2.8% in the third quarter. Thompson Siegel & Walmsley LLC now owns 1,787,145 shares of the insurance provider’s stock valued at $85,533,000 after purchasing an additional 48,612 shares during the period. Institutional investors own 59.45% of the company’s stock.

Several brokerages have recently weighed in on L. Desjardins downgraded shares of Loews to a “hold” rating and set a $76.00 target price for the company. in a research note on Tuesday, January 30th. Zacks Investment Research upgraded shares of Loews from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Friday, January 5th. Finally, ValuEngine downgraded shares of Loews from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $56.00.

In other Loews news, VP Mark S. Schwartz sold 6,489 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $50.25, for a total transaction of $326,072.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ann E. Berman sold 1,383 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $50.30, for a total transaction of $69,564.90. The disclosure for this sale can be found here. Insiders have sold a total of 20,560 shares of company stock worth $1,029,699 over the last quarter. 11.80% of the stock is currently owned by insiders.

Loews Corporation (L) opened at $46.73 on Monday. Loews Corporation has a 52 week low of $45.01 and a 52 week high of $53.59. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.46. The company has a market cap of $15,730.77, a price-to-earnings ratio of 16.63 and a beta of 0.71.

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About Loews

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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Institutional Ownership by Quarter for Loews (NYSE:L)

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