Loews (NYSE:L) Releases Earnings Results

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

Loews Trading Up 1.8 %

L opened at $77.75 on Tuesday. 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 company has a market cap of $17.28 billion, a price-to-earnings ratio of 12.34 and a beta of 0.82. The firm has a 50 day simple moving average of $75.95 and a 200 day simple moving average of $71.87. Loews has a fifty-two week low of $55.94 and a fifty-two week high of $78.55.

Insider Buying and Selling

In related news, SVP Richard Waldo Scott sold 7,325 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $74.12, for a total transaction of $542,929.00. Following the completion of the sale, the senior vice president now directly owns 51,965 shares of the company’s stock, valued at $3,851,645.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Loews news, Director Andrew H. Tisch sold 125,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now owns 945,886 shares of the company’s stock, valued at $69,087,513.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Richard Waldo Scott sold 7,325 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $74.12, for a total transaction of $542,929.00. Following the completion of the sale, the senior vice president now directly owns 51,965 shares of the company’s stock, valued at approximately $3,851,645.80. The disclosure for this sale can be found here. Insiders sold a total of 137,563 shares of company stock valued at $10,052,551 over the last ninety days. 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.