Loews (NYSE:L) Issues Quarterly Earnings Results

Loews (NYSE:L) released its quarterly earnings data on Monday. The insurance provider reported $2.05 earnings per share for the quarter, RTT News reports. Loews had a return on equity of 9.18% and a net margin of 9.02%.

Loews Price Performance

Loews stock traded up $0.03 during midday trading on Tuesday, reaching $77.77. The company had a trading volume of 38,609 shares, compared to its average volume of 741,934. Loews has a 12-month low of $55.94 and a 12-month high of $78.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.32 and a quick ratio of 0.32. The firm’s fifty day simple moving average is $75.95 and its 200-day simple moving average is $71.87. The company has a market capitalization of $17.28 billion, a P/E ratio of 12.34 and a beta of 0.82.

Insider Activity at Loews

In related news, SVP Richard Waldo Scott sold 7,325 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $74.12, for a total transaction of $542,929.00. Following the transaction, the senior vice president now owns 51,965 shares of the company’s stock, valued at approximately $3,851,645.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Jonathan M. Tisch sold 4,287 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $71.91, for a total value of $308,278.17. Following the completion of the transaction, the insider now owns 106,870 shares of the company’s stock, valued at approximately $7,685,021.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Richard Waldo Scott sold 7,325 shares of Loews stock in a transaction dated 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 in the company, valued at $3,851,645.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,563 shares of company stock valued at $10,052,551. 18.70% of the stock is currently owned by 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.