Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Loews Corporation (L) Share Price
News articles about Loews Corporation (NYSE:L) have trended somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Loews Corporation earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave news articles about the insurance provider an impact score of 47.6380310567015 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Loews Corporation (L) Rating Lowered to Sell at Zacks Investment Research (americanbankingnews.com)
- Loews Corporation to Post FY2018 Earnings of $3.15 Per Share, Langen Mcalenn Forecasts (L) (americanbankingnews.com)
- Sony : Television a Cademy Announces Recipients of the 69 Th Engineering Emmy (R) Awards (4-traders.com)
- 69th Engineering Emmy Awards Recipients Announced (emmys.com)
- “We created money out of air”: Doctoroff talks High Line, Hudson Yards (therealdeal.com)
A number of research analysts recently issued reports on L shares. Jefferies Group LLC restated a “sell” rating and set a $35.00 price objective on shares of Loews Corporation in a report on Tuesday, June 6th. BidaskClub raised shares of Loews Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Zacks Investment Research lowered shares of Loews Corporation from a “buy” rating to a “hold” rating in a report on Monday, June 19th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. Loews Corporation has an average rating of “Hold” and an average price target of $43.33.
Shares of Loews Corporation (NYSE:L) opened at 48.40 on Wednesday. Loews Corporation has a 52 week low of $40.73 and a 52 week high of $49.58. The firm has a market cap of $16.29 billion, a P/E ratio of 14.30 and a beta of 0.71. The company’s 50-day moving average price is $47.29 and its 200 day moving average price is $47.17.
Loews Corporation (NYSE:L) last announced its earnings results on Monday, July 31st. The insurance provider reported $0.76 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.76. The business had revenue of $3.36 billion for the quarter. Loews Corporation had a return on equity of 4.84% and a net margin of 8.44%. During the same quarter in the previous year, the company earned $0.59 earnings per share. On average, equities analysts anticipate that Loews Corporation will post $3.05 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Wednesday, August 30th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Monday, August 28th. This represents a $0.25 annualized dividend and a yield of 0.52%. Loews Corporation’s 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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