Analyst Price Target Update on Loews Corporation (NYSE:L)

Loews Corporation (NYSE:L) shares are expected to touch $38.5 in the short term. This short term price target has been shared by 2 analysts. However, the standard deviation of short term price estimate has been valued at 4.95. The target price could hit $42 on the higher end and $35 on the lower end.

Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Loews Corp, Berman Ann E had sold 203 shares worth of $8,187 in a transaction dated June 1, 2016. In this transaction, 203 shares were sold at $40.33 per share.

Loews Corporation (NYSE:L) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.08 points or 0.2% at $39.71 with 1,072,146 shares getting traded. Post opening the session at $39.68, the shares hit an intraday low of $39.65 and an intraday high of $39.98 and the price was in this range throughout the day. The company has a market cap of $13,462 million and the number of outstanding shares have been calculated to be 339,016,270 shares. The 52-week high of Loews Corporation (NYSE:L) is $40.87 and the 52-week low is $33.84.

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 Companys subsidiaries include CNA Financial Corporation (CNA); Diamond Offshore Drilling, Inc. (Diamond Offshore); Boardwalk Pipeline Partners, LP (Boardwalk Pipeline), and Loews Hotels Holding Corporation (Loews Hotels). CNAs 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.

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