Loews Corporation (NYSE:L) insider Kenneth I. Siegel sold 1,940 shares of Loews stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $49.86, for a total value of $96,728.40. Following the completion of the sale, the insider now owns 11,250 shares in the company, valued at $560,925. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Loews Corporation (NYSE L) opened at $52.35 on Thursday. The firm has a market capitalization of $17,620.00, a PE ratio of 18.18 and a beta of 0.74. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.35 and a quick ratio of 0.35. Loews Corporation has a one year low of $45.01 and a one year high of $52.98.
Loews (NYSE:L) last posted its earnings results on Monday, October 30th. The insurance provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.44. The company had revenue of $3.52 billion for the quarter. Loews had a return on equity of 4.08% and a net margin of 7.04%. Loews’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 earnings per share. research analysts forecast that Loews Corporation will post 2.8 EPS for the current year.
A number of brokerages have issued reports on L. ValuEngine cut Loews from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research cut Loews from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd.
A number of hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC grew its stake in shares of Loews by 4,046.2% during the second quarter. Janus Henderson Group PLC now owns 1,657,777 shares of the insurance provider’s stock valued at $77,601,000 after buying an additional 1,617,794 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Loews by 15.9% during the third quarter. Wells Fargo & Company MN now owns 5,038,288 shares of the insurance provider’s stock valued at $241,132,000 after buying an additional 689,401 shares during the last quarter. St. James Investment Company LLC bought a new position in shares of Loews during the third quarter valued at approximately $29,452,000. Thrivent Financial For Lutherans grew its stake in shares of Loews by 4,388.1% during the second quarter. Thrivent Financial For Lutherans now owns 454,642 shares of the insurance provider’s stock valued at $21,282,000 after buying an additional 444,512 shares during the last quarter. Finally, PGGM Investments grew its stake in shares of Loews by 188.9% during the third quarter. PGGM Investments now owns 677,650 shares of the insurance provider’s stock valued at $32,432,000 after buying an additional 443,056 shares during the last quarter. Institutional investors and hedge funds own 59.29% of the company’s stock.
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Loews Company Profile
Loews Corporation is a holding company. The Company, through its subsidiaries, is engaged in commercial property and casualty insurance; operation of offshore oil and gas drilling rigs; transportation and storage of natural gas and natural gas liquids, and operation of a chain of hotels. The Company has five segments consisted of its four individual operating subsidiaries, CNA Financial Corporation (CNA), Diamond Offshore Drilling, Inc (Diamond Offshore), Boardwalk Pipeline Partners, LP (Boardwalk Pipeline) and Loews Hotels Holding Corporation (Loews Hotels), and the Corporate segment.
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