Loews (NYSE:L) Posts Quarterly Earnings Results

Loews (NYSE:L) posted 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 Down 1.0 %

L stock opened at $85.89 on Tuesday. Loews has a 12-month low of $72.50 and a 12-month high of $88.29. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.48. The company has a market cap of $18.71 billion, a price-to-earnings ratio of 11.41 and a beta of 0.83. The company has a 50 day moving average of $84.68 and a two-hundred day moving average of $81.84.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Loews news, Director Andrew H. Tisch sold 7,533 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $84.35, for a total transaction of $635,408.55. Following the completion of the transaction, the director now owns 1,568,191 shares of the company’s stock, valued at $132,276,910.85. The trade was a 0.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan M. Tisch sold 3,691 shares of the business’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. Insiders sold a total of 62,370 shares of company stock worth $5,218,627 in the last quarter. 18.70% of the stock is currently owned by corporate insiders.

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.