Loews (NYSE:L) Earns "Buy (B+)" Rating from Weiss Ratings

Key Points

• Loews Corporation's stock has received a "Buy (B+)" rating from Weiss Ratings, indicating positive analyst sentiment towards the company's performance.
• The company reported $1.87 EPS for the most recent quarter, with a revenue of $4.56 billion and a net margin of 7.47%.
• Institutional investors hold 58.33% of Loews' stock, with notable increases in stakes by firms like Wedmont Private Capital and Czech National Bank in the third quarter.

Loews (NYSE:L - Get Free Report)'s stock had its "buy (b+)" rating reissued by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Loews Stock Up 0.0%

Shares of NYSE L opened at $103.01 on Wednesday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.43. Loews has a 12 month low of $75.16 and a 12 month high of $103.47. The firm has a market capitalization of $21.37 billion, a PE ratio of 16.38 and a beta of 0.73. The firm has a fifty day simple moving average of $96.81 and a two-hundred day simple moving average of $91.47.

Loews (NYSE:L - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The insurance provider reported $1.87 EPS for the quarter. The business had revenue of $4.56 billion during the quarter. Loews had a net margin of 7.47% and a return on equity of 7.43%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Wedmont Private Capital increased its stake in shares of Loews by 3.8% in the 3rd quarter. Wedmont Private Capital now owns 3,291 shares of the insurance provider's stock worth $339,000 after acquiring an additional 120 shares in the last quarter. Czech National Bank increased its stake in shares of Loews by 1.5% in the 3rd quarter. Czech National Bank now owns 43,200 shares of the insurance provider's stock worth $4,337,000 after acquiring an additional 657 shares in the last quarter. ST Germain D J Co. Inc. bought a new position in shares of Loews in the 3rd quarter worth about $128,000. Sanders Morris Harris LLC purchased a new stake in Loews during the 3rd quarter valued at about $552,000. Finally, Mirador Capital Partners LP grew its position in Loews by 1.1% during the 3rd quarter. Mirador Capital Partners LP now owns 30,670 shares of the insurance provider's stock valued at $3,079,000 after purchasing an additional 336 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors.

Loews Company Profile

Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers specialty insurance products, such as management and professional liability, and other coverage products; surety and fidelity bonds; property insurance products that include standard and excess property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto, surplus, and umbrella coverages.

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