Somewhat Positive Press Coverage Somewhat Unlikely to Affect Loews Corporation (L) Stock Price
News headlines about Loews Corporation (NYSE:L) have trended somewhat positive on Saturday, Accern reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Loews Corporation earned a news impact score of 0.20 on Accern’s scale. Accern also assigned news headlines about the insurance provider an impact score of 46.6600241349611 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the headlines that may have effected Accern’s scoring:
- Financial Survey: Alleghany Corporation (Y) & Loews (L) (americanbankingnews.com)
- Lowe’s misses earnings estimates, forecasts slower margins growth (thefiscaltimes.com)
- Lowe’s misses Street 2Q forecasts (heraldextra.com)
- Lowe’s posts Q2 miss, comps up 4.5% (msn.com)
- Lowe’s not catching the same tail wind Home Depot is riding (foxbusiness.com)
A number of equities analysts have recently issued reports on L shares. Zacks Investment Research raised Loews Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub downgraded Loews Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Finally, Jefferies Group LLC reissued a “sell” rating and set a $35.00 target price on shares of Loews Corporation in a research note on Tuesday, June 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $43.33.
Loews Corporation (NYSE:L) opened at 47.48 on Friday. The stock’s 50 day moving average price is $47.98 and its 200-day moving average price is $47.16. Loews Corporation has a 52 week low of $39.71 and a 52 week high of $49.58. The stock has a market capitalization of $15.98 billion, a P/E ratio of 14.03 and a beta of 0.71.
Loews Corporation (NYSE:L) last issued its quarterly earnings data on Monday, July 31st. The insurance provider reported $0.76 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.76. The firm had revenue of $3.36 billion for the quarter. Loews Corporation had a net margin of 8.44% and a return on equity of 4.84%. During the same period in the prior year, the company posted $0.59 earnings per share. Equities research analysts expect that Loews Corporation will post $3.05 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Wednesday, August 30th will be paid a dividend of $0.0625 per share. The ex-dividend date is Monday, August 28th. This represents a $0.25 annualized dividend and a yield of 0.53%. Loews Corporation’s dividend payout ratio is 7.53%.
About Loews Corporation
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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