Loews Corporation Plans Quarterly Dividend of $0.06 (NYSE:L)

Loews Corporation (NYSE:L) announced a quarterly dividend on Tuesday, February 10th. Investors of record on Wednesday, February 25th will be paid a dividend of 0.0625 per share by the insurance provider on Tuesday, March 10th. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, February 25th.

Loews Price Performance

NYSE:L traded up $0.26 during trading hours on Wednesday, hitting $110.22. The company’s stock had a trading volume of 261,270 shares, compared to its average volume of 732,544. Loews has a twelve month low of $78.98 and a twelve month high of $114.90. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a fifty day simple moving average of $105.15 and a 200-day simple moving average of $101.20. The company has a market capitalization of $22.78 billion, a P/E ratio of 13.81 and a beta of 0.61.

Loews (NYSE:L) last posted its earnings results on Monday, February 9th. The insurance provider reported $1.94 EPS for the quarter. Loews had a net margin of 9.03% and a return on equity of 8.99%. The firm had revenue of $4.73 billion during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (a-)” rating on shares of Loews in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Loews Company Profile

Loews Corporation (NYSE: L) is a diversified holding company that owns and operates businesses across insurance, hospitality, energy-related operations and other industrial and investment activities. The company holds controlling and significant minority interests in subsidiaries that run as standalone businesses, with corporate oversight focused on capital allocation, risk management and long-term value creation for shareholders.

One of Loews’ principal businesses is insurance, conducted through CNA Financial, a commercial property and casualty insurer that underwrites a range of business insurance products for corporate and institutional clients.