#1 and #2 are grammatical. Without context, it is not possible to say what they mean because one cannot tell to whom "she" refers. "She" and "her" could refer to the same, or different, people.
#3 makes the most sense if "she" and "her" refer to different women. In that case, it is a good sentence and means that he does not love her the way that the second woman loves her.