Loews Co. (NYSE:L) Director Ann E. Berman sold 2,216 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $49.27, for a total value of $109,182.32. Following the completion of the transaction, the director now owns 1,500 shares of the company’s stock, valued at $73,905. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Loews stock opened at $49.59 on Friday. The stock has a market cap of $15.63 billion, a P/E ratio of 14.80 and a beta of 0.68. Loews Co. has a 52 week low of $44.78 and a 52 week high of $53.59. The company has a current ratio of 0.33, a quick ratio of 0.35 and a debt-to-equity ratio of 0.52.
Loews (NYSE:L) last posted its earnings results on Monday, November 5th. The insurance provider reported $0.88 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.10). The company had revenue of $3.61 billion for the quarter. Loews had a return on equity of 4.75% and a net margin of 8.94%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 earnings per share. Research analysts anticipate that Loews Co. will post 3.55 earnings per share for the current fiscal year.
Separately, Deutsche Bank raised their price objective on Loews from $51.00 to $54.00 and gave the stock a “hold” rating in a research note on Wednesday, August 1st. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Loews presently has an average rating of “Hold” and a consensus price target of $53.68.
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Loews Corporation, through its subsidiaries, provides commercial property and casualty insurance in the United States, Canada, the United Kingdom, Continental Europe, and Singapore. The company offers management and professional liability insurance and risk management services, and other specialized property and casualty coverages; commercial surety and fidelity bonds; and warranty and alternative risk services primarily for vehicles and cell phones.
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