Press coverage about Loews (NYSE:L) has trended somewhat positive on Wednesday, according to Accern. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Loews earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the insurance provider an impact score of 45.9692483959844 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
Shares of L stock traded up $0.02 during mid-day trading on Wednesday, reaching $51.02. 1,153,374 shares of the company were exchanged, compared to its average volume of 1,538,569. Loews has a fifty-two week low of $45.01 and a fifty-two week high of $53.59. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $16,776.67, a P/E ratio of 17.84 and a beta of 0.70.
Loews (NYSE:L) last released its quarterly earnings results on Monday, February 12th. The insurance provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.12. Loews had a net margin of 8.47% and a return on equity of 4.08%. The business had revenue of $3.56 billion during the quarter. During the same period in the previous year, the business posted $0.73 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. research analysts predict that Loews will post 3.42 EPS for the current year.
A number of analysts have recently issued reports on L shares. Zacks Investment Research upgraded shares of Loews from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Friday, January 5th. Desjardins downgraded shares of Loews to a “hold” rating and set a $76.00 price target for the company. in a research report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $56.00.
In other Loews news, insider Kenneth I. Siegel sold 6,242 shares of Loews stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $50.23, for a total value of $313,535.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jonathan M. Tisch sold 7,800 shares of Loews stock in a transaction on Monday, February 12th. The stock was sold at an average price of $47.51, for a total transaction of $370,578.00. Following the completion of the transaction, the insider now directly owns 2,990,022 shares of the company’s stock, valued at approximately $142,055,945.22. The disclosure for this sale can be found here. Insiders have sold 14,316 shares of company stock valued at $697,655 in the last three months. Corporate insiders own 12.30% of the company’s stock.
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Loews Corporation, through its subsidiaries, provides commercial property and casualty insurance in the United States, Canada, the United Kingdom, Continental Europe, and Singapore. The company offers management and professional liability insurance and risk management services, and other specialized property and casualty coverages; commercial surety and fidelity bonds; and warranty and alternative risk services primarily for vehicles and cell phones.
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