Paul Fribourg Acquires Shares in L
Paul Fribourg purchased 223 shares of L on June 30, 2026, with no planned transaction.
Key Points
- Paul Fribourg bought 223 shares of L on June 30, 2026, with the stock trading at $113.21 on Wednesday.
- Other insiders, including Jonathan Locker and Walter Harris, also purchased 223 shares each on the same day.
- RBC Capital maintained a 'buy' rating for L with a price target of $234 as of May 27, 2025.
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Paul Fribourg made a move on June 30, 2026, by purchasing 223 shares of L. This transaction wasn't planned under any pre-set trading plan. Shares of L traded at $113.21 on Wednesday.
Insider Buying and Selling at Loews Corporation
Several insiders joined Paul Fribourg in acquiring shares of L on June 30, 2026. Jonathan Locker, Walter Harris, Dino Robusto, Susan Peters, and Jennifer Vanbelle each bought 223 shares. Meanwhile, Charles Diker added 102 shares to his holdings. None of these transactions were part of a pre-arranged trading plan.
Other Institutional Activity in L
In institutional moves, BlackRock, Inc. reduced its holdings in L by 275,600 shares, ending with 14,007,193 shares valued at about $1.50 billion. Vanguard Capital Management LLC opened a new position with 10,849,569 shares worth approximately $1.16 billion. JPMorgan Chase & Co trimmed its stake by 159,621 shares, holding 8,923,433 shares valued at $944.37 million. State Street Corp slightly decreased its position by 17,128 shares, maintaining 7,858,745 shares worth $838.84 million. Geode Capital Management, LLC increased its position by 326,709 shares, totaling 5,325,895 shares valued at $566.63 million.
Analysts Set New Price Targets
RBC Capital reiterated its 'buy' rating for L on May 27, 2025, setting a price target of $234. TD Securities also maintained a 'buy' rating with a target of $186 on July 19, 2024. The consensus among analysts suggests a positive outlook for L, with a mean target price and multiple analyst opinions supporting the stock.
Bottom Line
Paul Fribourg's recent purchase of L shares is part of broader insider activity, with multiple insiders acquiring shares on the same day. Institutional investors have been active as well, with some opening new positions and others adjusting their holdings. Analysts maintain a favorable view of L, as reflected in recent price targets. Investors often track insider and institutional activities for potential insights, though it's important to remember these are backward-looking reports.
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