Country Trust Bank eliminated its position in shares of Loews Co. (NYSE:L) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm previously had a 224 share position in the company, valued at approximately $7,757. Country Trust Bank had fully closed out its position in company by the time it had filed its quarterly Form 13F disclosure.

Several other hedge funds and other institutional investors have also made changes to their positions in L. Fenimore Asset Management increased its position in shares of Loews by 1.5% in the fourth quarter. Fenimore Asset Management now owns 617,990 shares of the company’s stock worth $23,731,000 after buying an additional 8,970 shares in the last quarter. Natixis Asset Management increased its position in shares of Loews by 1.0% in the third quarter. Natixis Asset Management now owns 13,509 shares of the company’s stock worth $488,000 after buying an additional 136 shares in the last quarter. Denali Advisors acquired a new position in shares of Loews during the fourth quarter worth about $1,110,000. Janus Capital Management increased its position in shares of Loews by 423.8% in the third quarter. Janus Capital Management now owns 30,258 shares of the company’s stock worth $1,093,000 after buying an additional 24,481 shares in the last quarter. Finally, KBC Group increased its position in shares of Loews by 4.0% in the third quarter. KBC Group now owns 14,967 shares of the company’s stock worth $541,000 after buying an additional 575 shares in the last quarter.

Shares of Loews Co. (NYSE:L) traded up 1.88% during mid-day trading on Wednesday, hitting $35.28. The stock had a trading volume of 1,282,879 shares. The firm has a market cap of $12.50 billion and a PE ratio of 19.53. Loews Co. has a 52-week low of $34.08 and a 52-week high of $42.78. The stock’s 50-day moving average price is $36.72 and its 200-day moving average price is $37.06.

Loews (NYSE:L) last announced its quarterly earnings data on Monday, November 2nd. The company reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by $0.09. The firm earned $317 million during the quarter, compared to analysts’ expectations of $3.52 million. During the same quarter in the prior year, the business earned $0.47 earnings per share. The company’s revenue was down 10.0% on a year-over-year basis. On average, analysts anticipate that Loews Co. will post $2.63 earnings per share for the current fiscal year.

A number of research firms recently weighed in on L. TheStreet downgraded Loews from a “buy” rating to a “hold” rating in a research note on Wednesday, January 20th. Zacks Investment Research raised Loews from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Monday, January 4th. Finally, Deutsche Bank lowered their price objective on Loews from $44.00 to $42.00 and set a “hold” rating for the company in a research note on Friday, November 6th.

In related news, CFO David B. Edelson sold 3,300 shares of the firm’s stock in a transaction dated Tuesday, January 5th. The stock was sold at an average price of $37.88, for a total value of $125,004.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan M. Tisch sold 4,388 shares of the firm’s stock in a transaction dated Monday, January 4th. The stock was sold at an average price of $37.43, for a total value of $164,242.84. The disclosure for this sale can be found here.

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 gathering and processing of natural gas, and operation of a chain of hotels. The Company’s subsidiaries include CNA Financial Corporation (NYSE:L); Diamond Offshore Drilling, Inc. (Diamond Offshore); Boardwalk Pipeline Partners, LP (Boardwalk Pipeline), and Loews Hotels Holding Corporation (Loews Hotels). CNA’s insurance products primarily include commercial property and casualty coverages, including surety. Diamond Offshore is engaged in the business of operating drilling rigs. Boardwalk Pipeline is engaged in natural gas and natural gas liquids transportation and storage and natural gas gathering and processing. The subsidiaries of Loews Hotels Holding Corporation operate a chain of 21 hotels.

12 Month Chart for NYSE:L

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