Loews - L Stock Forecast, Price & News

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 property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto and umbrella coverages. It also provides loss-sensitive insurance programs; and warranty, risk management, information, and claims administration services. The company markets its insurance products and services through independent agents, brokers, and managing general underwriters. In addition, the company is involved in the transportation and storage of natural gas and natural gas liquids(NGLs), and hydrocarbons through natural gas pipelines covering approximately 13,615 miles of interconnected pipelines; 450 miles of NGL pipelines in Louisiana and Texas; 14 underground storage fields with an aggregate gas capacity of approximately 213 billion cubic feet of natural gas; and eleven salt dome caverns and related brine infrastructure for providing brine supply services. Further, the company operates a chain of 26 hotels; and develops, manufactures, and markets a range of extrusion blow-molded and injection molded plastic containers for customers in the pharmaceutical, dairy, household chemicals, food/nutraceuticals, industrial/specialty chemicals, and water and beverage/juice segments, as well as manufactures commodity and differentiated plastic resins from recycled plastic materials. Loews Corporation was incorporated in 1969 and is headquartered in New York, New York.

Wall Street Analyst Weigh In

Several analysts recently commented on L shares. TheStreet downgraded Loews from a "b" rating to a "c" rating in a research note on Monday, August 1st. StockNews.com cut Loews from a "buy" rating to a "hold" rating in a report on Wednesday, August 3rd.

Loews Stock Up 1.2 %

Shares of NYSE:L traded up $0.69 during trading on Tuesday, hitting $56.06. 601,057 shares of the company traded hands, compared to its average volume of 870,388. The business's fifty day moving average is $58.63 and its 200 day moving average is $61.37. Loews has a fifty-two week low of $51.35 and a fifty-two week high of $68.20. The firm has a market capitalization of $13.51 billion, a price-to-earnings ratio of 13.01 and a beta of 0.81. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.35 and a current ratio of 0.35.

Loews Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 30th. Shareholders of record on Wednesday, August 17th will be given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Tuesday, August 16th. Loews's payout ratio is 5.80%.

Insiders Place Their Bets

In other Loews news, Director Philip A. Laskawy sold 883 shares of the company's stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $64.35, for a total value of $56,821.05. Following the completion of the sale, the director now directly owns 7,365 shares of the company's stock, valued at approximately $473,937.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Philip A. Laskawy sold 883 shares of the stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $64.35, for a total transaction of $56,821.05. Following the completion of the transaction, the director now directly owns 7,365 shares of the company's stock, valued at approximately $473,937.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew H. Tisch sold 271,044 shares of the stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $64.11, for a total transaction of $17,376,630.84. Following the transaction, the director now directly owns 14,332,391 shares of the company's stock, valued at $918,849,587.01. The disclosure for this sale can be found here. In the last ninety days, insiders sold 433,961 shares of company stock valued at $27,850,985. Corporate insiders own 17.50% of the company's stock.