Loews (L) Set to Announce Earnings on Monday

Loews (NYSE:LGet Rating) is set to post its quarterly earnings results before the market opens on Monday, May 2nd. Individual interested in participating in the company’s earnings conference call can do so using this link.

Loews (NYSE:LGet Rating) last posted its quarterly earnings results on Monday, February 7th. The insurance provider reported $1.37 EPS for the quarter. The firm had revenue of $3.66 billion for the quarter. Loews had a net margin of 10.77% and a return on equity of 5.75%.

L stock opened at $64.71 on Monday. The company has a market capitalization of $15.94 billion, a PE ratio of 10.70 and a beta of 0.89. Loews has a one year low of $51.35 and a one year high of $68.20. The company’s 50 day moving average price is $63.14 and its two-hundred day moving average price is $59.79. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.34 and a current ratio of 0.34.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 8th. Shareholders of record on Wednesday, February 23rd were paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend was Tuesday, February 22nd. Loews’s dividend payout ratio (DPR) is presently 4.13%.

In related news, VP Marc A. Alpert sold 2,990 shares of Loews stock in a transaction on Thursday, February 10th. The shares were sold at an average price of $61.96, for a total value of $185,260.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Kenneth I. Siegel sold 1,303 shares of Loews stock in a transaction on Monday, February 14th. The shares were sold at an average price of $62.03, for a total transaction of $80,825.09. The disclosure for this sale can be found here. Insiders have sold 25,381 shares of company stock worth $1,574,042 over the last three months. Insiders own 17.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in L. LPL Financial LLC boosted its holdings in Loews by 31.7% in the third quarter. LPL Financial LLC now owns 11,313 shares of the insurance provider’s stock valued at $610,000 after acquiring an additional 2,725 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Loews by 43.6% during the 4th quarter. Squarepoint Ops LLC now owns 5,692 shares of the insurance provider’s stock valued at $329,000 after buying an additional 1,727 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Loews by 10.5% during the 4th quarter. Stifel Financial Corp now owns 35,020 shares of the insurance provider’s stock valued at $2,024,000 after buying an additional 3,339 shares in the last quarter. Metropolitan Life Insurance Co NY boosted its holdings in shares of Loews by 16.7% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 23,171 shares of the insurance provider’s stock valued at $1,338,000 after buying an additional 3,312 shares in the last quarter. Finally, Allstate Corp boosted its holdings in shares of Loews by 252.1% during the 4th quarter. Allstate Corp now owns 53,625 shares of the insurance provider’s stock valued at $3,097,000 after buying an additional 38,393 shares in the last quarter. Institutional investors and hedge funds own 58.39% of the company’s stock.

Separately, StockNews.com assumed coverage on shares of Loews in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

Loews Company Profile (Get Rating)

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 property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto and umbrella coverages.

Read More

Earnings History for Loews (NYSE:L)

Receive News & Ratings for Loews Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Loews and related companies with MarketBeat.com's FREE daily email newsletter.