Shares of Loews Co. (NYSE:L) have received an average rating of “Hold” from the six analysts that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $66.60.

Several brokerages have recently weighed in on L. ValuEngine downgraded shares of Loews from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research raised shares of Loews from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Tuesday, May 7th.

In related news, SVP Kenneth I. Siegel sold 11,037 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $53.18, for a total transaction of $586,947.66. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Mark S. Schwartz sold 9,083 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $53.42, for a total transaction of $485,213.86. Following the sale, the vice president now directly owns 5,000 shares in the company, valued at approximately $267,100. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,826 shares of company stock worth $1,108,669. 14.20% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Crossmark Global Holdings Inc. raised its position in shares of Loews by 6.3% in the second quarter. Crossmark Global Holdings Inc. now owns 51,201 shares of the insurance provider’s stock valued at $2,799,000 after buying an additional 3,034 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in Loews by 160.7% in the first quarter. BNP Paribas Arbitrage SA now owns 246,355 shares of the insurance provider’s stock valued at $11,808,000 after purchasing an additional 151,847 shares during the period. Envestnet Asset Management Inc. grew its holdings in Loews by 178.3% in the first quarter. Envestnet Asset Management Inc. now owns 367,187 shares of the insurance provider’s stock valued at $17,599,000 after purchasing an additional 235,245 shares during the period. Ontario Teachers Pension Plan Board grew its holdings in Loews by 12.8% in the first quarter. Ontario Teachers Pension Plan Board now owns 39,827 shares of the insurance provider’s stock valued at $1,909,000 after purchasing an additional 4,533 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Loews by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 4,326,269 shares of the insurance provider’s stock valued at $196,648,000 after purchasing an additional 291,715 shares during the period. Institutional investors own 63.08% of the company’s stock.

Loews stock traded up $0.16 during midday trading on Friday, hitting $48.84. 1,286,900 shares of the company’s stock were exchanged, compared to its average volume of 1,091,169. The stock has a market cap of $14.77 billion, a price-to-earnings ratio of 17.20 and a beta of 0.64. The firm’s 50 day simple moving average is $53.02 and its 200 day simple moving average is $50.69. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.34 and a current ratio of 0.34. Loews has a 12-month low of $42.06 and a 12-month high of $56.20.

Loews (NYSE:L) last issued its earnings results on Monday, August 5th. The insurance provider reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.07. The business had revenue of $3.62 billion for the quarter. Loews had a net margin of 5.30% and a return on equity of 4.72%. During the same period in the previous year, the firm earned $0.76 EPS. On average, equities research analysts forecast that Loews will post 3.35 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 28th will be issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Tuesday, August 27th. Loews’s dividend payout ratio is currently 8.80%.

Loews Company Profile

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.

Read More: What is the definition of market timing?

Receive News & Ratings for Loews Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Loews and related companies with MarketBeat.com's FREE daily email newsletter.