Loews (NYSE:L) Releases Earnings Results

Loews (NYSE:L) released its quarterly earnings data on Monday. The insurance provider reported $2.05 earnings per share for the quarter, RTT News reports. The firm had revenue of $4.23 billion during the quarter. Loews had a return on equity of 9.18% and a net margin of 9.02%.

Loews Trading Up 0.1 %

Shares of L stock traded up $0.08 during mid-day trading on Thursday, hitting $77.39. 121,040 shares of the company’s stock were exchanged, compared to its average volume of 740,908. The stock has a 50-day simple moving average of $76.01 and a two-hundred day simple moving average of $71.97. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.48. Loews has a fifty-two week low of $55.94 and a fifty-two week high of $78.55. The stock has a market cap of $17.20 billion, a price-to-earnings ratio of 12.27 and a beta of 0.82.

Insider Transactions at Loews

In related news, Director Andrew H. Tisch sold 125,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $73.04, for a total transaction of $9,130,000.00. Following the completion of the sale, the director now owns 945,886 shares of the company’s stock, valued at approximately $69,087,513.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Paul J. Fribourg sold 951 shares of Loews stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $75.02, for a total transaction of $71,344.02. Following the sale, the director now directly owns 21,200 shares of the company’s stock, valued at $1,590,424. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrew H. Tisch sold 125,000 shares of Loews stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $73.04, for a total value of $9,130,000.00. Following the sale, the director now owns 945,886 shares in the company, valued at $69,087,513.44. The disclosure for this sale can be found here. Insiders have sold a total of 133,276 shares of company stock worth $9,744,273 in the last three months. Company insiders own 18.70% of the company’s stock.

About Loews

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.