Loews (L) Given News Sentiment Score of 0.07
Press coverage about Loews (NYSE:L) has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Loews earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave media coverage about the insurance provider an impact score of 45.7989941601466 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several analysts have recently commented on L shares. Zacks Investment Research upgraded shares of Loews from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. ValuEngine downgraded shares of Loews from a “buy” rating to a “hold” rating in a report on Thursday, October 26th.
Shares of Loews (NYSE:L) traded up $0.58 during mid-day trading on Wednesday, hitting $50.47. 1,111,528 shares of the stock traded hands, compared to its average volume of 1,108,550. The stock has a market capitalization of $16,870.00, a P/E ratio of 17.52 and a beta of 0.74. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.35 and a current ratio of 0.35. Loews has a 52 week low of $45.01 and a 52 week high of $51.02.
Loews (NYSE:L) last announced its earnings results on Monday, October 30th. The insurance provider reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.44. The company had revenue of $3.52 billion during the quarter. Loews had a net margin of 7.04% and a return on equity of 4.08%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 EPS. equities research analysts predict that Loews will post 2.75 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Wednesday, November 29th were issued a dividend of $0.0625 per share. The ex-dividend date was Tuesday, November 28th. This represents a $0.25 dividend on an annualized basis and a yield of 0.50%. Loews’s dividend payout ratio (DPR) is presently 8.68%.
In related news, insider Jonathan M. Tisch sold 1,394,935 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $48.40, for a total transaction of $67,514,854.00. Following the completion of the sale, the insider now owns 2,169,075 shares in the company, valued at $104,983,230. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kenneth I. Siegel sold 1,940 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $49.86, for a total transaction of $96,728.40. Following the sale, the insider now owns 11,250 shares of the company’s stock, valued at approximately $560,925. The disclosure for this sale can be found here. Insiders have sold 1,422,163 shares of company stock valued at $68,876,567 in the last 90 days. 11.80% of the stock is currently owned by corporate insiders.
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Loews Corporation is a holding company. The Company, through its subsidiaries, is engaged in commercial property and casualty insurance; operation of offshore oil and gas drilling rigs; transportation and storage of natural gas and natural gas liquids, and operation of a chain of hotels. The Company has five segments consisted of its four individual operating subsidiaries, CNA Financial Corporation (CNA), Diamond Offshore Drilling, Inc (Diamond Offshore), Boardwalk Pipeline Partners, LP (Boardwalk Pipeline) and Loews Hotels Holding Corporation (Loews Hotels), and the Corporate segment.
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