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

A number of brokerages recently weighed in on L. TheStreet downgraded shares of Loews from a "b" rating to a "c" rating in a report on Monday, August 1st. StockNews.com downgraded shares of Loews from a "buy" rating to a "hold" rating in a report on Wednesday, August 3rd.

Loews Trading Down 0.4 %

Shares of L opened at $58.48 on Tuesday. The business's 50-day moving average price is $58.20 and its 200-day moving average price is $61.38. Loews has a twelve month low of $51.35 and a twelve month high of $68.20. The stock has a market cap of $14.09 billion, a PE ratio of 13.52 and a beta of 0.81. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.52.

Loews Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 30th. Investors of record on Wednesday, August 17th will be given a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Tuesday, August 16th. Loews's dividend payout ratio (DPR) is 5.80%.

Insider Buying and Selling

In other Loews news, SVP Richard Waldo Scott sold 6,123 shares of the stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $64.35, for a total transaction of $394,015.05. Following the transaction, the senior vice president now directly owns 42,920 shares in the company, valued at $2,761,902. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Loews 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 transaction, the director now directly owns 7,365 shares in the company, valued at $473,937.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Richard Waldo Scott sold 6,123 shares of the stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $64.35, for a total transaction of $394,015.05. Following the transaction, the senior vice president now owns 42,920 shares in the company, valued at $2,761,902. The disclosure for this sale can be found here. Over the last three months, insiders have sold 433,961 shares of company stock worth $27,850,985. Insiders own 17.50% of the company's stock.