Loews (L) Stock Price, News & Analysis

Company Overview

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. It also provides loss-sensitive insurance programs; and warranty, risk management, information, and claims administration services. The company markets its insurance products and services through independent agents, brokers, and managing general underwriters. In addition, the company is involved in the transportation and storage of natural gas and natural gas liquids, and hydrocarbons through natural gas pipelines covering approximately 13,455 miles of interconnected pipelines; 855 miles of NGL pipelines in Louisiana and Texas; 14 underground storage fields with an aggregate gas capacity of approximately 199.5 billion cubic feet of natural gas; and eleven salt dome caverns and related brine infrastructure for providing brine supply services. Further, the company operates a chain of 25 hotels; and develops, manufactures, and markets a range of extrusion blow-molded and injection molded plastic containers for customers in the pharmaceutical, dairy, household chemicals, food/nutraceuticals, industrial/specialty chemicals, and water and beverage/juice industries, as well as manufactures commodity and differentiated plastic resins from recycled plastic materials. Loews Corporation was incorporated in 1969 and is headquartered in New York, New York.

Key Stats

• Today's Range: $84.23 to $85.34
• 50-Day Range: $76.49 to $85.27
• 52-Week Range: $67.20 to $85.36
• Volume: 475,583 shs
• Average Volume: 714,158 shs
• Market Capitalization: $18.57 billion
• P/E Ratio: 11.32
• Dividend Yield: 0.29%
• Price Target: $112.00
• Consensus Rating: Buy

Loews Stock Analysis - MarketRank™

Loews scored higher than 89% of companies evaluated by MarketBeat, and ranked 171st out of 916 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Loews has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Loews has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Loews is 11.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.60.

Price to Earnings Ratio vs. Sector

The P/E ratio of Loews is 11.32, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.79.

Price to Book Value per Share Ratio

Loews has a P/B Ratio of 1.02. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.86% of the float of Loews has been sold short.

Short Interest Ratio / Days to Cover

Loews has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Loews has recently decreased by 7.19%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Loews has a dividend yield of 0.30%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Loews does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Loews is 3.32%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: 0.7 / 5
• Environmental Score: -4.67

Percentage of Shares Shorted

0.86% of the float of Loews has been sold short.

Short Interest Ratio / Days to Cover

Loews has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Loews has recently decreased by 7.19%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.30

News Sentiment

Loews has a news sentiment score of 0.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.78 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 15 news articles for Loews this week, compared to 9 articles on an average week.

Search Interest

Only 6 people have searched for L on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

MarketBeat Follows

3 people have added Loews to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Loews insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $17,586,460.00 in company stock.

Percentage Held by Insiders

18.70% of the stock of Loews is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

58.33% of the stock of Loews is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

L Stock Analysis - Frequently Asked Questions

How have L shares performed this year?

Loews' stock was trading at $69.59 at the beginning of 2024. Since then, L stock has increased by 22.5% and is now trading at $85.2728.
View the best growth stocks for 2024 here.

How were Loews' earnings last quarter?

Loews Co. (NYSE:L) announced its quarterly earnings data on Monday, July, 29th. The insurance provider reported $1.67 EPS for the quarter. The insurance provider earned $4.27 billion during the quarter. Loews had a trailing twelve-month return on equity of 9.70% and a net margin of 9.71%.

Who are Loews' major shareholders?

Top institutional shareholders of Loews include State Street Corp (3.71%), Geode Capital Management LLC (1.96%), Allspring Global Investments Holdings LLC (1.44%) and Charles Schwab Investment Management Inc. (0.74%). Insiders that own company stock include Corp Loews, Andrew H Tisch, Jonathan M Tisch, Benjamin J Tisch, Richard Waldo Scott, Jonathan C Locker, Paul J Fribourg, Mark S Schwartz, Anthony Welters, Ann E Berman, Marc A Alpert and Kenneth I Siegel.
View institutional ownership trends.

How do I buy shares of Loews?

Shares of L stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Loews own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Loews investors own include Invesco QQQ (QQQ), NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Netflix (NFLX) and Tesla (TSLA).

Company Calendar

• Last Earnings: 7/29/2024
• Ex-Dividend for 9/3 Dividend: 8/21/2024
• Dividend Payable: 9/03/2024
• Today: 11/21/2024
• Ex-Dividend for 12/10 Dividend: 11/27/2024
• Dividend Payable: 12/10/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/03/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Fire, marine, & casualty insurance
• Sub-Industry: Multi-line Insurance
• Current Symbol: NYSE:L
• CUSIP: 54042410
• CIK: 60086
• Web: www.loews.com
• Phone: (212) 521-2000
• Fax: 212-545-2525
• Employees: 12,280
• Year Founded: 1969

Price Target and Rating

• Average Stock Price Target: $112.00
• High Stock Price Target: $112.00
• Low Stock Price Target: $112.00
• Potential Upside/Downside: +31.3%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $7.53
• Trailing P/E Ratio: 11.32
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $1.43 billion
• Net Margins: 9.71%
• Pretax Margin: 13.35%
• Return on Equity: 9.70%
• Return on Assets: 2.06%

Debt

• Debt-to-Equity Ratio: 0.48
• Current Ratio: 0.34
• Quick Ratio: 0.34

Sales & Book Value

• Annual Sales: $15.90 billion
• Price / Sales: 1.17
• Cash Flow: $8.08 per share
• Price / Cash Flow: 10.55
• Book Value: $83.79 per share
• Price / Book: 1.02

Miscellaneous

• Outstanding Shares: 217,780,000
• Free Float: 177,053,000
• Market Cap: $18.57 billion
• Optionable: Optionable
• Beta: 0.82