Loews (L) to Release Quarterly Earnings on Monday

Loews (NYSE:L) will issue its quarterly earnings data before the market opens on Monday, February 12th. Analysts expect the company to announce earnings of $0.72 per share for the quarter.

Shares of Loews (L) opened at $50.82 on Monday. Loews has a twelve month low of $45.01 and a twelve month high of $53.59. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.46. The firm has a market cap of $17,107.59, a price-to-earnings ratio of 18.09 and a beta of 0.71.

In other Loews news, Director Ann E. Berman sold 1,383 shares of Loews stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $50.30, for a total value of $69,564.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kenneth I. Siegel sold 1,940 shares of Loews stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $49.86, for a total transaction of $96,728.40. Following the completion of the sale, the insider now owns 11,250 shares in the company, valued at $560,925. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,220 shares of company stock worth $1,361,316. 11.80% of the stock is currently owned by company insiders.

A number of equities research analysts recently commented on L shares. Zacks Investment Research upgraded shares of Loews from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. ValuEngine lowered shares of Loews from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Finally, Desjardins lowered shares of Loews to a “hold” rating and set a $76.00 price objective on the stock. in a report on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $56.00.

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About Loews

Loews Corporation is a holding company. The Company, through its subsidiaries, is engaged in commercial property and casualty insurance; operation of offshore oil and gas drilling rigs; transportation and storage of natural gas and natural gas liquids, and operation of a chain of hotels. The Company has five segments consisted of its four individual operating subsidiaries, CNA Financial Corporation (CNA), Diamond Offshore Drilling, Inc (Diamond Offshore), Boardwalk Pipeline Partners, LP (Boardwalk Pipeline) and Loews Hotels Holding Corporation (Loews Hotels), and the Corporate segment.

Earnings History for Loews (NYSE:L)

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