Loews (NYSE:L) Releases Quarterly Earnings Results

Loews (NYSE:L) issued its quarterly earnings data on Monday. The insurance provider reported $0.86 earnings per share (EPS) for the quarter, Zacks reports. Loews had a return on equity of 9.70% and a net margin of 9.71%.

Loews Trading Down 1.0 %

Shares of L opened at $85.89 on Tuesday. The stock has a fifty day moving average of $84.68 and a two-hundred day moving average of $81.84. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market capitalization of $18.71 billion, a PE ratio of 11.41 and a beta of 0.83. Loews has a fifty-two week low of $72.50 and a fifty-two week high of $88.29.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Loews from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th.

Insider Buying and Selling at Loews

In other news, Director Andrew H. Tisch sold 50,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $83.26, for a total transaction of $4,163,000.00. Following the completion of the sale, the director now directly owns 11,939,677 shares in the company, valued at $994,097,507.02. This represents a 0.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jonathan M. Tisch sold 3,691 shares of the company’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total transaction of $320,710.99. The disclosure for this sale can be found here. In the last three months, insiders sold 62,370 shares of company stock worth $5,218,627. 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.