Wall Street analysts forecast that Loews Co. (NYSE:L) will post $0.72 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Loews’ earnings. Loews posted earnings of $0.36 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 100%. The business is scheduled to announce its next earnings report on Monday, February 10th.

According to Zacks, analysts expect that Loews will report full-year earnings of $2.95 per share for the current financial year. For the next fiscal year, analysts forecast that the business will report earnings of $2.90 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Loews.

Loews (NYSE:L) last announced its quarterly earnings data on Monday, October 28th. The insurance provider reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.51). The firm had revenue of $3.68 billion during the quarter. Loews had a return on equity of 4.45% and a net margin of 3.83%. During the same period in the previous year, the business posted $0.84 earnings per share.

A number of analysts have recently issued reports on L shares. TheStreet cut shares of Loews from a “b” rating to a “c+” rating in a research note on Monday, October 28th. TD Securities reduced their price objective on shares of Loews from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $67.50.

In related news, SVP Richard Waldo Scott sold 6,303 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $50.71, for a total transaction of $319,625.13. Following the completion of the transaction, the senior vice president now owns 29,732 shares in the company, valued at $1,507,709.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jonathan M. Tisch sold 18,427 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $52.75, for a total transaction of $972,024.25. Following the transaction, the insider now owns 15,000 shares of the company’s stock, valued at approximately $791,250. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,925 shares of company stock valued at $1,963,681. 14.20% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. Bank of America Corp DE boosted its position in shares of Loews by 2.7% during the second quarter. Bank of America Corp DE now owns 926,333 shares of the insurance provider’s stock worth $50,644,000 after acquiring an additional 24,643 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Loews by 1,649,000.0% during the second quarter. Canada Pension Plan Investment Board now owns 164,910 shares of the insurance provider’s stock valued at $9,016,000 after purchasing an additional 164,900 shares during the last quarter. First Trust Advisors LP lifted its position in Loews by 35.9% during the third quarter. First Trust Advisors LP now owns 164,986 shares of the insurance provider’s stock valued at $8,493,000 after purchasing an additional 43,570 shares during the last quarter. BlackRock Inc. lifted its position in Loews by 3.8% during the second quarter. BlackRock Inc. now owns 19,005,207 shares of the insurance provider’s stock valued at $1,039,014,000 after purchasing an additional 700,123 shares during the last quarter. Finally, First Allied Advisory Services Inc. lifted its position in Loews by 16.0% during the third quarter. First Allied Advisory Services Inc. now owns 6,419 shares of the insurance provider’s stock valued at $331,000 after purchasing an additional 885 shares during the last quarter. Hedge funds and other institutional investors own 61.67% of the company’s stock.

Shares of NYSE L traded down $0.35 during midday trading on Thursday, reaching $51.68. The stock had a trading volume of 892,300 shares, compared to its average volume of 812,364. The stock has a 50-day moving average of $51.35 and a 200-day moving average of $51.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $15.48 billion, a price-to-earnings ratio of 18.20 and a beta of 0.68. Loews has a 12-month low of $44.17 and a 12-month high of $56.20.

Loews Company Profile

Loews Corporation, through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally. It operates through CNA Financial Corporation; Diamond Offshore Drilling, Inc; Boardwalk Pipeline Partners, LP; and Loews Hotels Holding Corporation segments. The company offers specialty insurance products, such as management and professional liability insurance coverages and products; surety and fidelity bonds; and warranty and alternative risk services.

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