Loews (L) Set to Announce Quarterly Earnings on Monday

Loews (NYSE:L) is set to issue its quarterly earnings data before the market opens on Monday, May 6th. Persons interested in registering for the company’s earnings conference call can do so using this link.

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

Loews Stock Performance

Shares of L stock opened at $76.43 on Friday. Loews has a 52-week low of $55.94 and a 52-week high of $78.55. The stock has a market cap of $16.98 billion, a PE ratio of 12.13 and a beta of 0.82. The business has a 50-day simple moving average of $75.86 and a 200-day simple moving average of $71.60. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.48.

Loews Dividend Announcement

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

Insiders Place Their Bets

In other news, SVP Richard Waldo Scott sold 7,325 shares of Loews stock in a transaction that occurred on Thursday, February 15th. The stock was 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 of the company’s stock, valued at $3,851,645.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Richard Waldo Scott sold 7,325 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $74.12, for a total transaction of $542,929.00. Following the transaction, the senior vice president now directly owns 51,965 shares in the company, valued at approximately $3,851,645.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jonathan M. Tisch sold 4,287 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $71.91, for a total value of $308,278.17. Following the completion of the sale, the insider now directly owns 106,870 shares of the company’s stock, valued at $7,685,021.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,563 shares of company stock worth $10,052,551. Company 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.