Loews (NYSE:L) Releases Quarterly Earnings Results

Loews (NYSE:L) released its quarterly earnings data on Monday. The insurance provider reported $2.05 earnings per share for the quarter, RTT News reports. Loews had a net margin of 9.02% and a return on equity of 9.18%. The firm had revenue of $4.23 billion for the quarter.

Loews Price Performance

Shares of NYSE:L opened at $77.81 on Wednesday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.48. The firm’s 50 day moving average is $76.01 and its two-hundred day moving average is $71.97. The firm has a market capitalization of $17.29 billion, a P/E ratio of 12.35 and a beta of 0.82. Loews has a 52 week low of $55.94 and a 52 week high of $78.55.

Insider Activity at Loews

In related news, Director Paul J. Fribourg sold 951 shares of Loews stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $75.02, for a total transaction of $71,344.02. Following the sale, the director now directly owns 21,200 shares in the company, valued at $1,590,424. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Paul J. Fribourg sold 951 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $75.02, for a total transaction of $71,344.02. Following the sale, the director now owns 21,200 shares of the company’s stock, valued at $1,590,424. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jonathan M. Tisch sold 4,287 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $71.91, for a total value of $308,278.17. Following the transaction, the insider now directly owns 106,870 shares of the company’s stock, valued at $7,685,021.70. The disclosure for this sale can be found here. Insiders have sold a total of 137,563 shares of company stock worth $10,052,551 in the last three months. 18.70% of the stock is owned by company insiders.

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.