Loews (NYSE:L) Releases Earnings Results

Loews (NYSE:L) released its quarterly earnings data on Monday. The insurance provider reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.51), RTT News reports. Loews had a net margin of 5.30% and a return on equity of 4.72%. During the same period in the previous year, the business posted $0.84 EPS.

L stock opened at $49.42 on Tuesday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.51. Loews has a 12-month low of $42.06 and a 12-month high of $56.20. The stock has a market cap of $15.37 billion, a price-to-earnings ratio of 17.40 and a beta of 0.67. The business’s 50-day moving average is $50.61 and its 200 day moving average is $51.49.

In other news, VP Marc A. Alpert sold 1,626 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $49.26, for a total transaction of $80,096.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 14.20% of the company’s stock.

A number of equities analysts have weighed in on L shares. ValuEngine lowered Loews from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded Loews from a “sell” rating to a “hold” rating and set a $50.00 price objective for the company in a research note on Wednesday, August 28th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Loews currently has an average rating of “Hold” and a consensus price target of $65.20.

Loews Company Profile

Loews Corporation, through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally. It operates through CNA Financial Corporation; Diamond Offshore Drilling, Inc; Boardwalk Pipeline Partners, LP; and Loews Hotels Holding Corporation segments. The company offers specialty insurance products, such as management and professional liability insurance coverages and products; surety and fidelity bonds; and warranty and alternative risk services.

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Earnings History for Loews (NYSE:L)

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