Loews (NYSE:L) Releases Earnings Results

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

Loews Trading Up 0.1 %

NYSE L traded up $0.08 during trading hours on Thursday, hitting $77.39. 121,040 shares of the company’s stock were exchanged, compared to its average volume of 740,908. The firm has a market cap of $17.20 billion, a price-to-earnings ratio of 12.27 and a beta of 0.82. The stock has a 50-day simple moving average of $76.01 and a 200 day simple moving average of $71.97. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.48. Loews has a 1-year low of $55.94 and a 1-year high of $78.55.

Insider Buying and Selling at Loews

In other Loews news, Director Andrew H. Tisch sold 125,000 shares of Loews stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $73.04, for a total value of $9,130,000.00. Following the completion of the sale, the director now directly owns 945,886 shares of the company’s stock, valued at $69,087,513.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Loews news, Director Andrew H. Tisch sold 125,000 shares of Loews 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 transaction, 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 legal filing with the SEC, which is available through this link. Also, SVP Richard Waldo Scott sold 7,325 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $74.12, for a total value of $542,929.00. Following the completion of the transaction, the senior vice president now directly owns 51,965 shares of the company’s stock, valued at $3,851,645.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 133,276 shares of company stock valued at $9,744,273. 18.70% of the stock is currently owned by company insiders.

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.