Equities research analysts expect that Loews Co. (NYSE:L) will report $0.77 earnings per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Loews’ earnings. Loews reported earnings of $0.76 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.3%. The firm is expected to announce its next earnings report on Monday, July 29th.

On average, analysts expect that Loews will report full year earnings of $3.40 per share for the current fiscal year. For the next year, analysts anticipate that the firm will post earnings of $3.50 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Loews.

Loews (NYSE:L) last announced its quarterly earnings data on Monday, April 29th. The insurance provider reported $1.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.31. Loews had a return on equity of 4.72% and a net margin of 5.17%. The company had revenue of $3.76 billion for the quarter. During the same period in the previous year, the business posted $0.80 EPS.

Separately, Zacks Investment Research raised Loews from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Tuesday, May 7th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $64.50.

In related news, SVP Kenneth I. Siegel sold 11,037 shares of Loews stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $53.18, for a total transaction of $586,947.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Mark S. Schwartz sold 9,083 shares of Loews stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $53.42, for a total value of $485,213.86. Following the sale, the vice president now directly owns 5,000 shares of the company’s stock, valued at $267,100. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,000 shares of company stock valued at $1,892,556. 14.20% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of L. BlackRock Inc. boosted its position in shares of Loews by 4.1% during the fourth quarter. BlackRock Inc. now owns 18,932,642 shares of the insurance provider’s stock worth $861,813,000 after buying an additional 739,962 shares during the period. JPMorgan Chase & Co. raised its holdings in Loews by 0.4% during the first quarter. JPMorgan Chase & Co. now owns 16,732,132 shares of the insurance provider’s stock worth $801,972,000 after acquiring an additional 74,337 shares in the last quarter. Norges Bank bought a new stake in Loews during the fourth quarter worth about $320,954,000. Geode Capital Management LLC raised its holdings in Loews by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 4,326,269 shares of the insurance provider’s stock worth $196,648,000 after acquiring an additional 291,715 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Loews by 5.3% during the fourth quarter. Northern Trust Corp now owns 3,758,591 shares of the insurance provider’s stock worth $171,091,000 after acquiring an additional 189,513 shares in the last quarter. 62.68% of the stock is owned by hedge funds and other institutional investors.

L stock traded up $0.42 during trading on Tuesday, hitting $54.57. The company had a trading volume of 19,738 shares, compared to its average volume of 1,068,400. The firm’s fifty day moving average is $52.39. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $16.52 billion, a P/E ratio of 19.19 and a beta of 0.64. Loews has a fifty-two week low of $42.06 and a fifty-two week high of $54.60.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th were given a dividend of $0.0625 per share. The ex-dividend date was Tuesday, May 28th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.46%. Loews’s payout ratio is currently 8.80%.

About Loews

Loews Corporation, through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally. It operates through CNA Financial Corporation; Diamond Offshore Drilling, Inc; Boardwalk Pipeline Partners, LP; and Loews Hotels Holding Corporation segments. The company offers specialty insurance products, such as management and professional liability insurance coverages and products; surety and fidelity bonds; and warranty and alternative risk services.

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