Loews (NYSE:L - Get Free Report) posted its earnings results on Monday. The insurance provider reported $2.05 EPS for the quarter, RTT News reports. The company had revenue of $4.23 billion during the quarter. Loews had a return on equity of 9.18% and a net margin of 9.02%.
Loews Price Performance
L traded up $0.07 during trading on Tuesday, reaching $77.81. The stock had a trading volume of 616,241 shares, compared to its average volume of 748,764. The firm has a market capitalization of $17.29 billion, a price-to-earnings ratio of 12.35 and a beta of 0.82. 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 has a 1-year low of $55.94 and a 1-year high of $78.55. The stock has a 50 day moving average of $76.01 and a two-hundred day moving average of $71.97.
Insiders Place Their Bets
In other Loews news, Director Paul J. Fribourg sold 951 shares of the company's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $75.02, for a total value of $71,344.02. Following the completion of the sale, the director now directly owns 21,200 shares in the company, valued at $1,590,424. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Paul J. Fribourg sold 951 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $75.02, for a total transaction of $71,344.02. Following the completion of the sale, the director now owns 21,200 shares in the company, valued at approximately $1,590,424. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Richard Waldo Scott sold 7,325 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $74.12, for a total value of $542,929.00. Following the sale, the senior vice president now owns 51,965 shares of the company's stock, valued at approximately $3,851,645.80. The disclosure for this sale can be found here. Insiders sold 137,563 shares of company stock worth $10,052,551 over the last ninety days. Company insiders own 18.70% of the company's stock.
About Loews
(
Get Free Report)
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.
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