Loews (L) Stock Forecast, Price & News

Loews' stock was trading at $58.33 on January 1st, 2023. Since then, L stock has decreased by 2.1% and is now trading at $57.11.
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Loews saw a decline in short interest in May. As of May 15th, there was short interest totaling 1,430,000 shares, a decline of 14.4% from the April 30th total of 1,670,000 shares. Based on an average trading volume of 813,300 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.8% of the company's stock are sold short.
View Loews' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our L earnings forecast.

Loews Co. (NYSE:L) issued its quarterly earnings data on Monday, May, 1st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter. The insurance provider had revenue of $3.78 billion for the quarter. Loews had a net margin of 7.27% and a trailing twelve-month return on equity of 7.68%.

Loews declared a quarterly dividend on Tuesday, May 9th. Stockholders of record on Wednesday, May 24th will be paid a dividend of $0.0625 per share on Tuesday, June 6th. This represents a $0.25 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Tuesday, May 23rd.
Read our dividend analysis for L.

ETFs with the largest weight of Loews (NYSE:L) stock in their portfolio include Absolute Select Value ETF (ABEQ), Davis Select Financial ETF (DFNL), BTD Capital Fund (DIP), Cambria Value and Momentum ETF (VAMO), SPDR S&P Insurance ETF (KIE), iShares U.S. Insurance ETF (IAK), Invesco S&P 500 Value with Momentum ETF (SPVM) and Invesco S&P 500 Equal Weight Financials ETF (RYF).

Loews (NYSE:L) pays an annual dividend of $0.25 per share and currently has a dividend yield of 0.44%. The dividend payout ratio is 5.67%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for L.

22 employees have rated Loews Chief Executive Officer James S. Tisch on Glassdoor.com. James S. Tisch has an approval rating of 72% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Loews investors own include Johnson & Johnson (JNJ), NVIDIA (NVDA), Intel (INTC), Pfizer (PFE), Walt Disney (DIS), Coca-Cola (KO), AT&T (T), QUALCOMM (QCOM), Walmart (WMT) and Advanced Micro Devices (AMD).

Loews trades on the New York Stock Exchange (NYSE) under the ticker symbol "L."

Loews' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.37%), JPMorgan Chase & Co. (6.19%), State Street Corp (3.66%), Price T Rowe Associates Inc. MD (2.42%), Geode Capital Management LLC (1.78%) and Allspring Global Investments Holdings LLC (1.39%). Insiders that own company stock include Andrew H Tisch, Corp Loews, David B Edelson, Jonathan M Tisch, Jonathan M Tisch, Joseph L Bower, Kenneth I Siegel, Marc A Alpert, Mark S Schwartz, Philip A Laskawy, Philip A Laskawy and Richard Waldo Scott.
View institutional ownership trends.

Shares of L stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of L stock can currently be purchased for approximately $57.11.

Loews (NYSE:L) has a market capitalization of $13.02 billion and generates $14.04 billion in revenue each year. The insurance provider earns $1.01 billion in net income (profit) each year or $4.41 on an earnings per share basis.

The company employs 12,050 workers across the globe.

Loews' mailing address is 667 MADISON AVE, NEW YORK NY, 10065. The official website for the company is www.loews.com. The insurance provider can be reached via phone at (212) 521-2000, via email at ir@loews.com, or via fax at 212-545-2525.