Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Loews Corporation (L) Stock Price
News coverage about Loews Corporation (NYSE:L) has been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Loews Corporation earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the insurance provider an impact score of 47.2545793937937 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Labor union files complaint against owner of Loews Santa Monica (latimes.com)
- Loews Corporation (L) to Issue $0.06 Quarterly Dividend (americanbankingnews.com)
- Loews Corporation (NYSE:L) Experiences Light Trading Volume (highlightpress.com)
- Loews Corp. :L-US: Earnings Analysis: Q2, 2017 By the Numbers : August 3, 2017 (finance.yahoo.com)
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Loews Corporation from a “buy” rating to a “hold” rating in a research note on Monday, June 19th. BidaskClub upgraded Loews Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Jefferies Group LLC reiterated a “sell” rating and issued a $35.00 target price on shares of Loews Corporation in a research note on Tuesday, June 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $43.33.
Shares of Loews Corporation (NYSE:L) traded down 0.59% during midday trading on Thursday, reaching $48.58. The company’s stock had a trading volume of 693,565 shares. The stock has a market capitalization of $16.35 billion, a P/E ratio of 14.36 and a beta of 0.71. Loews Corporation has a 12 month low of $39.71 and a 12 month high of $49.58. The stock’s 50-day moving average is $47.69 and its 200 day moving average is $47.07.
Loews Corporation (NYSE:L) last posted its quarterly earnings data on Monday, July 31st. The insurance provider reported $0.76 EPS for the quarter, hitting analysts’ consensus estimates of $0.76. The business had revenue of $3.36 billion for the quarter. Loews Corporation had a return on equity of 4.84% and a net margin of 8.44%. During the same quarter in the previous year, the firm posted $0.59 earnings per share. On average, analysts expect that Loews Corporation will post $3.04 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Wednesday, August 30th will be paid a $0.0625 dividend. The ex-dividend date is Monday, August 28th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.51%. Loews Corporation’s payout ratio is presently 7.53%.
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Loews Corporation Company Profile
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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