Loews Director Paul J. Fribourg Sells 1,500 Shares (L)
Loews (NYSE:L) Director Paul J. Fribourg sold 1,500 shares of Loews stock on the open market in a transaction dated Friday, August 29th. The stock was sold at an average price of $43.53, for a total value of $65,295.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Separately, analysts at Zacks reiterated an “underperform” rating on shares of Loews in a research note on Tuesday, August 5th. They now have a $38.00 price target on the stock.
Loews (NYSE:L) traded up 0.16% on Wednesday, hitting $43.67. 350,056 shares of the company’s stock traded hands. Loews has a 1-year low of $41.57 and a 1-year high of $49.43. The stock has a 50-day moving average of $43.04 and a 200-day moving average of $43.56. The company has a market cap of $16.643 billion and a price-to-earnings ratio of 65.56.
Loews (NYSE:L) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.68 by $0.11. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. Analysts expect that Loews will post $2.90 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 12th. Stockholders of record on Friday, August 29th will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Wednesday, August 27th.
Loews Corporation is a holding company. Its subsidiaries are engaged in commercial property and casualty insurance, operation of offshore oil and gas drilling rigs, exploration, production and marketing of natural gas and oil (NYSE:L), interstate transportation and storage of natural gas and operation of hotels.
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