Loews (L) Scheduled to Post Earnings on Monday

Loews (NYSE:L) is scheduled to be announcing its earnings results before the market opens on Monday, May 6th.

Loews (NYSE:L) last released its quarterly earnings results on Monday, February 5th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter. The firm had revenue of $4.26 billion for the quarter. Loews had a return on equity of 9.18% and a net margin of 9.02%.

Loews Stock Performance

L stock opened at $75.46 on Monday. The company has a market cap of $16.77 billion, a P/E ratio of 11.98 and a beta of 0.83. Loews has a 1 year low of $55.64 and a 1 year high of $78.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.32 and a quick ratio of 0.32. The stock’s fifty day moving average price is $75.74 and its 200-day moving average price is $71.37.

Loews Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Wednesday, February 21st were paid a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.33%. Loews’s dividend payout ratio (DPR) is currently 3.97%.

Insider Transactions at Loews

In related news, Director Paul J. Fribourg sold 951 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $75.02, for a total value of $71,344.02. Following the transaction, the director now directly owns 21,200 shares of the company’s stock, valued at approximately $1,590,424. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Loews news, Director Paul J. Fribourg sold 951 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $75.02, for a total transaction of $71,344.02. Following the sale, the director now directly owns 21,200 shares of the company’s stock, valued at $1,590,424. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Richard Waldo Scott sold 7,325 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $74.12, for a total value of $542,929.00. Following the sale, the senior vice president now directly owns 51,965 shares in the company, valued at $3,851,645.80. The disclosure for this sale can be found here. Insiders have sold a total of 137,563 shares of company stock worth $10,052,551 in the last ninety days. Insiders own 18.70% of the company’s stock.

About Loews

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.