Loews (NYSE:L) Releases Quarterly Earnings Results

Loews (NYSE:L - Get Free Report) posted its earnings results on Monday. The insurance provider reported $0.86 earnings per share (EPS) for the quarter, Zacks reports. Loews had a return on equity of 9.70% and a net margin of 9.71%.

Loews Trading Down 1.2 %

NYSE:L traded down $1.02 during trading hours on Tuesday, reaching $84.92. 250,856 shares of the stock were exchanged, compared to its average volume of 658,468. Loews has a twelve month low of $72.50 and a twelve month high of $88.29. The business has a 50-day moving average of $84.68 and a two-hundred day moving average of $81.89. The company has a market capitalization of $18.49 billion, a price-to-earnings ratio of 11.28 and a beta of 0.83. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.48.

Insider Buying and Selling at Loews

In other news, Director Jonathan M. Tisch sold 3,691 shares of Loews stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $86.89, for a total value of $320,710.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles M. Diker sold 1,146 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $86.83, for a total transaction of $99,507.18. Following the sale, the director now owns 19,906 shares in the company, valued at $1,728,437.98. The trade was a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 62,370 shares of company stock valued at $5,218,627 in the last three months. 18.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Loews from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, November 20th.

Loews Company Profile

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.