Loews (NYSE:L) Posts Earnings Results

Loews (NYSE:L) posted its earnings results on Monday. The insurance provider reported $1.74 earnings per share (EPS) for the quarter, Zacks reports. Loews had a return on equity of 8.04% and a net margin of 8.08%.

Loews Price Performance

Shares of NYSE:L opened at $86.41 on Tuesday. The company has a market capitalization of $18.18 billion, a PE ratio of 13.50 and a beta of 0.70. The business has a fifty day moving average price of $86.47 and a 200-day moving average price of $84.80. Loews has a 1-year low of $73.15 and a 1-year high of $92.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34.

Loews Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.25 annualized dividend and a dividend yield of 0.29%. Loews’s payout ratio is 3.91%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Loews from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th.

Insider Activity at Loews

In other news, Director Jonathan M. Tisch sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $84.66, for a total transaction of $4,233,000.00. Following the sale, the director now owns 6,755,529 shares of the company’s stock, valued at $571,923,085.14. This trade represents a 0.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jonathan M. Tisch sold 3,691 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $86.89, for a total value of $320,710.99. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 151,327 shares of company stock valued at $12,851,055. 19.00% of the stock is owned by insiders.

Loews Company Profile

Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers specialty insurance products, such as management and professional liability, and other coverage products; surety and fidelity bonds; property insurance products that include standard and excess property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto, surplus, and umbrella coverages.