Loews Corporation (NYSE:L) Short Interest Update

Loews Corporation (NYSE:L) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 2,734,049 shares, an increase of 28.7% from the November 30th total of 2,123,683 shares. Based on an average daily trading volume, of 958,959 shares, the short-interest ratio is currently 2.9 days. Currently, 1.6% of the shares of the stock are short sold. Currently, 1.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 958,959 shares, the short-interest ratio is currently 2.9 days.

Loews Stock Down 0.1%

Shares of NYSE L opened at $106.18 on Wednesday. The company has a market cap of $21.94 billion, a price-to-earnings ratio of 15.39 and a beta of 0.62. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.44. Loews has a 12 month low of $78.98 and a 12 month high of $109.06. The stock has a 50-day moving average price of $104.07 and a two-hundred day moving average price of $98.18.

Loews (NYSE:L) last announced its quarterly earnings results on Monday, November 3rd. The insurance provider reported $2.43 earnings per share (EPS) for the quarter. The company had revenue of $4.67 billion for the quarter. Loews had a net margin of 7.95% and a return on equity of 7.89%.

Loews Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Wednesday, November 26th were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, November 26th. Loews’s payout ratio is presently 3.62%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Loews in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Insiders Place Their Bets

In related news, Director Ann E. Berman sold 1,444 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $108.10, for a total value of $156,096.40. Following the completion of the sale, the director directly owned 6,686 shares in the company, valued at approximately $722,756.60. The trade was a 17.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Paul J. Fribourg sold 1,442 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $108.13, for a total value of $155,923.46. Following the transaction, the director owned 400 shares in the company, valued at approximately $43,252. This trade represents a 78.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 125,770 shares of company stock valued at $13,325,818 in the last quarter. Company insiders own 18.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of L. SJS Investment Consulting Inc. lifted its position in shares of Loews by 880.8% in the 3rd quarter. SJS Investment Consulting Inc. now owns 255 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 229 shares during the period. Elevation Point Wealth Partners LLC bought a new position in Loews during the second quarter worth $27,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in Loews in the third quarter valued at $30,000. NewSquare Capital LLC lifted its holdings in Loews by 404.1% in the second quarter. NewSquare Capital LLC now owns 368 shares of the insurance provider’s stock valued at $34,000 after buying an additional 295 shares during the period. Finally, Westside Investment Management Inc. boosted its position in Loews by 100.0% during the third quarter. Westside Investment Management Inc. now owns 370 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 185 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors.

Loews Company Profile

Loews Corporation (NYSE: L) is a diversified holding company that owns and operates businesses across insurance, hospitality, energy-related operations and other industrial and investment activities. The company holds controlling and significant minority interests in subsidiaries that run as standalone businesses, with corporate oversight focused on capital allocation, risk management and long-term value creation for shareholders.

One of Loews’ principal businesses is insurance, conducted through CNA Financial, a commercial property and casualty insurer that underwrites a range of business insurance products for corporate and institutional clients.