Loews (NYSE:L) is set to release its earnings data before the market opens on Monday, November 5th. Analysts expect Loews to post earnings of $0.98 per share for the quarter.
Shares of NYSE:L opened at $46.29 on Friday. The firm has a market cap of $14.63 billion, a P/E ratio of 15.74 and a beta of 0.68. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.52. Loews has a 1-year low of $44.78 and a 1-year high of $53.59.
Separately, Deutsche Bank raised their target price on shares of Loews from $51.00 to $54.00 and gave the stock a “hold” rating in a research note on Wednesday, August 1st. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $53.68.
In other news, VP Marc A. Alpert sold 2,141 shares of the stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $49.97, for a total value of $106,985.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 12.30% of the company’s stock.
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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