Loews (NYSE:L) Reaches New 1-Year High - Still a Buy?

Loews Co. (NYSE:L - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $88.29 and last traded at $85.89, with a volume of 1111551 shares changing hands. The stock had previously closed at $86.77.

Analysts Set New Price Targets

Separately, StockNews.com cut Loews from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, November 20th.

Loews Stock Performance

The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.48. The stock's fifty day moving average is $84.68 and its two-hundred day moving average is $81.89. The firm has a market capitalization of $18.49 billion, a price-to-earnings ratio of 11.27 and a beta of 0.83.

Loews (NYSE:L - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $0.86 earnings per share for the quarter. Loews had a net margin of 9.71% and a return on equity of 9.70%.

Insider Buying and Selling at Loews

In related news, Director Charles M. Diker sold 1,146 shares of the business's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $86.83, for a total value of $99,507.18. Following the completion of the sale, the director now directly owns 19,906 shares in the company, valued at $1,728,437.98. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Andrew H. Tisch sold 50,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $83.26, for a total value of $4,163,000.00. Following the transaction, the director now owns 11,939,677 shares in the company, valued at $994,097,507.02. The trade was a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 62,370 shares of company stock worth $5,218,627 over the last 90 days. Company insiders own 18.70% of the company's stock.

Institutional Investors Weigh In On Loews

Several institutional investors have recently made changes to their positions in the stock. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Loews in the 4th quarter valued at approximately $26,000. Brooklyn Investment Group bought a new stake in Loews during the third quarter worth $40,000. Eastern Bank acquired a new stake in shares of Loews in the 3rd quarter valued at $47,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Loews in the 3rd quarter valued at $49,000. Finally, Human Investing LLC bought a new position in shares of Loews in the 4th quarter valued at $51,000. 58.33% of the stock is currently owned by institutional investors.

About Loews

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.