Loews (NYSE:L) Announces Quarterly Earnings Results

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

Loews Stock Performance

Shares of Loews stock opened at $84.88 on Wednesday. The firm’s fifty day simple moving average is $84.65 and its 200-day simple moving average is $81.93. The stock has a market capitalization of $18.49 billion, a price-to-earnings ratio of 11.27 and a beta of 0.83. Loews has a 12 month low of $72.50 and a 12 month high of $88.29. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.34 and a quick ratio of 0.34.

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 shares were sold at an average price of $83.26, for a total transaction of $4,163,000.00. Following the transaction, the director now directly owns 11,939,677 shares of the company’s stock, valued at $994,097,507.02. This represents a 0.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles M. Diker sold 1,146 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $86.83, for a total transaction of $99,507.18. Following the completion of the sale, the director now owns 19,906 shares in the company, valued at $1,728,437.98. This represents a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,370 shares of company stock valued at $5,218,627. 18.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Loews from a “buy” rating to a “hold” rating in a report on Tuesday.

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.