Barry Investment Advisors LLC reduced its holdings in Loews Co. (NYSE:L) by 12.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,144 shares of the insurance provider’s stock after selling 1,308 shares during the period. Barry Investment Advisors LLC’s holdings in Loews were worth $471,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. America First Investment Advisors LLC boosted its holdings in Loews by 0.7% during the third quarter. America First Investment Advisors LLC now owns 279,085 shares of the insurance provider’s stock worth $14,367,000 after buying an additional 2,042 shares in the last quarter. First Trust Advisors LP boosted its holdings in Loews by 35.9% during the third quarter. First Trust Advisors LP now owns 164,986 shares of the insurance provider’s stock worth $8,493,000 after buying an additional 43,570 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Loews by 11.6% during the third quarter. Daiwa Securities Group Inc. now owns 12,244 shares of the insurance provider’s stock worth $630,000 after buying an additional 1,271 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Loews by 35.6% during the third quarter. Parallel Advisors LLC now owns 3,927 shares of the insurance provider’s stock worth $202,000 after buying an additional 1,031 shares in the last quarter. Finally, Mackay Shields LLC boosted its holdings in Loews by 5.8% during the third quarter. Mackay Shields LLC now owns 42,259 shares of the insurance provider’s stock worth $2,175,000 after buying an additional 2,298 shares in the last quarter. 63.38% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on L. TheStreet downgraded shares of Loews from a “b” rating to a “c+” rating in a report on Monday, October 28th. ValuEngine downgraded shares of Loews from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research raised shares of Loews from a “sell” rating to a “hold” rating and set a $50.00 price target on the stock in a report on Wednesday, August 28th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Loews currently has a consensus rating of “Hold” and a consensus target price of $65.20.

NYSE:L opened at $51.00 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.33 and a current ratio of 0.33. The company has a fifty day moving average of $50.50 and a two-hundred day moving average of $51.54. The stock has a market capitalization of $15.02 billion, a PE ratio of 17.96 and a beta of 0.65. Loews Co. has a fifty-two week low of $42.06 and a fifty-two week high of $56.20.

Loews (NYSE:L) last posted its quarterly earnings data on Monday, October 28th. The insurance provider reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.51). The company had revenue of $3.68 billion for the quarter. Loews had a return on equity of 4.45% and a net margin of 3.83%. During the same period in the previous year, the company earned $0.84 EPS. Research analysts forecast that Loews Co. will post 2.95 earnings per share for the current year.

In other Loews news, VP Marc A. Alpert sold 1,626 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $49.26, for a total transaction of $80,096.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 14.20% of the company’s stock.

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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Institutional Ownership by Quarter for Loews (NYSE:L)

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