Loews (L) Scheduled to Post Quarterly Earnings on Monday

Loews (NYSE:L) will be releasing its earnings data before the market opens on Monday, November 4th.

Loews Stock Up 0.4 %

Shares of NYSE L opened at $79.27 on Friday. The company has a market cap of $17.40 billion, a price-to-earnings ratio of 11.61 and a beta of 0.81. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. Loews has a 12 month low of $64.48 and a 12 month high of $83.54. The stock has a 50-day moving average price of $79.70 and a two-hundred day moving average price of $77.65.

Loews Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.0625 per share. The ex-dividend date was Wednesday, August 21st. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.32%. Loews’s payout ratio is presently 3.66%.

Insider Transactions at Loews

In other Loews news, Director Ann E. Berman sold 1,087 shares of Loews stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $81.38, for a total value of $88,460.06. Following the completion of the sale, the director now directly owns 4,998 shares of the company’s stock, valued at approximately $406,737.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Loews news, Director Ann E. Berman sold 1,087 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $81.38, for a total value of $88,460.06. Following the completion of the sale, the director now owns 4,998 shares of the company’s stock, valued at approximately $406,737.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jonathan M. Tisch sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $81.82, for a total value of $2,045,500.00. Following the transaction, the insider now directly owns 461,395 shares in the company, valued at $37,751,338.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 88,587 shares of company stock valued at $7,186,460 in the last quarter. 18.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Royal Bank of Canada upgraded shares of Loews to a “moderate buy” rating in a report on Friday, July 26th. Jefferies Financial Group dropped their price target on shares of Loews from $115.00 to $112.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st.

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.