Loews (NYSE:L) Posts Quarterly Earnings Results

Loews (NYSE:LGet Free Report) issued its quarterly earnings results on Monday. The insurance provider reported $1.94 EPS for the quarter, FiscalAI reports. The firm had revenue of $4.73 billion for the quarter. Loews had a return on equity of 7.89% and a net margin of 7.95%.

Loews Trading Down 0.3%

Loews stock opened at $110.92 on Tuesday. Loews has a one year low of $78.98 and a one year high of $114.90. The business’s fifty day moving average is $105.08 and its 200 day moving average is $101.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market capitalization of $22.92 billion, a PE ratio of 16.08 and a beta of 0.61.

Loews News Summary

Here are the key news stories impacting Loews this week:

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (a-)” rating on shares of Loews in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Read Our Latest Report on L

Insider Buying and Selling at Loews

In related news, Director Paul J. Fribourg sold 1,442 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $108.13, for a total transaction of $155,923.46. Following the transaction, the director owned 400 shares in the company, valued at $43,252. This represents a 78.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann E. Berman sold 1,444 shares of Loews stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $108.10, for a total transaction of $156,096.40. Following the completion of the sale, the director directly owned 6,686 shares of the company’s stock, valued at approximately $722,756.60. This trade represents a 17.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 125,770 shares of company stock worth $13,325,818. 18.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Loews

A number of hedge funds have recently modified their holdings of L. Harbor Capital Advisors Inc. bought a new stake in shares of Loews during the 4th quarter valued at $27,000. SJS Investment Consulting Inc. raised its holdings in Loews by 880.8% during the third quarter. SJS Investment Consulting Inc. now owns 255 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 229 shares during the period. Harbor Investment Advisory LLC bought a new stake in Loews during the fourth quarter valued at about $30,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Loews in the second quarter valued at about $27,000. Finally, Private Trust Co. NA boosted its stake in shares of Loews by 896.7% in the fourth quarter. Private Trust Co. NA now owns 299 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 269 shares during the period. Institutional investors own 58.33% of the company’s stock.

Loews Company Profile

(Get Free Report)

Loews Corporation (NYSE: L) is a diversified holding company that owns and operates businesses across insurance, hospitality, energy-related operations and other industrial and investment activities. The company holds controlling and significant minority interests in subsidiaries that run as standalone businesses, with corporate oversight focused on capital allocation, risk management and long-term value creation for shareholders.

One of Loews’ principal businesses is insurance, conducted through CNA Financial, a commercial property and casualty insurer that underwrites a range of business insurance products for corporate and institutional clients.

Recommended Stories

Earnings History for Loews (NYSE:L)

Receive News & Ratings for Loews Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Loews and related companies with MarketBeat.com's FREE daily email newsletter.