Loews Corporation (NYSE:L – Get Free Report) announced a quarterly dividend on Tuesday, November 11th. Investors of record on Wednesday, November 26th will be paid a dividend of 0.0625 per share by the insurance provider on Tuesday, December 9th. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, November 26th.
Loews Stock Performance
NYSE L traded up $0.37 on Wednesday, reaching $104.11. The stock had a trading volume of 554,533 shares, compared to its average volume of 774,330. The stock has a market cap of $21.52 billion, a P/E ratio of 16.55 and a beta of 0.73. Loews has a 12-month low of $78.98 and a 12-month high of $104.70. The business’s 50-day moving average price is $99.49 and its 200 day moving average price is $93.89. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.33 and a current ratio of 0.33.
Loews (NYSE:L – Get Free Report) last posted its quarterly earnings data on Monday, November 3rd. The insurance provider reported $2.43 EPS for the quarter. Loews had a return on equity of 7.43% and a net margin of 7.47%.The firm had revenue of $3.94 billion during the quarter.
Wall Street Analysts Forecast Growth
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About Loews
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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