Loews (L) to Release Quarterly Earnings on Monday

Loews (NYSE:L) will announce its earnings results before the market opens on Monday, May 6th. Investors interested in registering for the company’s conference call can do so using this link.

Loews (NYSE:L) last issued its quarterly earnings data on Monday, February 5th. The insurance provider reported $1.99 earnings per share for the quarter. The company had revenue of $4.26 billion for the quarter. Loews had a return on equity of 9.18% and a net margin of 9.02%.

Loews Stock Performance

Shares of Loews stock opened at $76.40 on Friday. The company has a market capitalization of $16.98 billion, a PE ratio of 12.13 and a beta of 0.82. The company has a 50-day simple moving average of $75.89 and a two-hundred day simple moving average of $71.68. Loews has a one year low of $55.94 and a one year high of $78.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.32 and a current ratio of 0.32.

Loews Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Wednesday, February 21st were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.33%. The ex-dividend date was Tuesday, February 20th. Loews’s dividend payout ratio is currently 3.97%.

Insiders Place Their Bets

In related news, Director Paul J. Fribourg sold 951 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $75.02, for a total value of $71,344.02. Following the transaction, the director now directly owns 21,200 shares of the company’s stock, valued at approximately $1,590,424. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Andrew H. Tisch sold 125,000 shares of the company’s 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 sale, the director now directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul J. Fribourg sold 951 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $75.02, for a total transaction of $71,344.02. Following the completion of the sale, the director now owns 21,200 shares in the company, valued at approximately $1,590,424. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,563 shares of company stock valued at $10,052,551. Insiders own 18.70% of the company’s stock.

Loews Company Profile

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.