Headlines about Loews (NYSE:L) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Loews earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the insurance provider an impact score of 45.7477783360321 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Loews (NYSE:L) traded up $1.27 during mid-day trading on Monday, reaching $52.78. The company’s stock had a trading volume of 2,419,000 shares, compared to its average volume of 1,309,567. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.46. The firm has a market cap of $17,767.39, a price-to-earnings ratio of 18.78 and a beta of 0.74. Loews has a 52 week low of $45.01 and a 52 week high of $52.81.
Loews (NYSE:L) last posted its quarterly earnings results on Monday, October 30th. The insurance provider reported $0.46 earnings per share (EPS) for the quarter, beating 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 revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.89 EPS. equities analysts anticipate that Loews will post 2.8 earnings per share for the current fiscal year.
L has been the subject of a number of research analyst reports. Zacks Investment Research cut Loews from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. ValuEngine cut Loews from a “buy” rating to a “hold” rating in a report on Thursday, October 26th.
In other news, insider Kenneth I. Siegel sold 1,940 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $49.86, for a total transaction of $96,728.40. Following the sale, the insider now owns 11,250 shares of the company’s stock, valued at approximately $560,925. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Richard Waldo Scott sold 6,471 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $49.80, for a total value of $322,255.80. Following the sale, the senior vice president now directly owns 11,250 shares in the company, valued at approximately $560,250. The disclosure for this sale can be found here. Insiders sold a total of 1,422,163 shares of company stock worth $68,876,567 in the last ninety days. 11.80% of the stock is owned by corporate insiders.
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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