Loews (NYSE:L) Releases Earnings Results

Loews (NYSE:L) posted its quarterly earnings data on Monday. The insurance provider reported $2.43 earnings per share for the quarter, Zacks reports. Loews had a net margin of 7.47% and a return on equity of 7.43%.

Loews Stock Down 0.2%

Shares of NYSE L opened at $99.40 on Tuesday. The stock has a market capitalization of $20.62 billion, a P/E ratio of 15.80 and a beta of 0.73. The company has a 50-day moving average price of $98.81 and a 200-day moving average price of $93.18. Loews has a 1 year low of $75.16 and a 1 year high of $103.52. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.33 and a quick ratio of 0.33.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Loews in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MUFG Securities EMEA plc bought a new stake in Loews in the 2nd quarter worth about $48,000. Florida Financial Advisors LLC increased its holdings in shares of Loews by 16.0% in the 2nd quarter. Florida Financial Advisors LLC now owns 2,600 shares of the insurance provider’s stock worth $238,000 after buying an additional 358 shares during the last quarter. Brown Advisory Inc. bought a new position in shares of Loews in the 2nd quarter worth $276,000. CW Advisors LLC bought a new position in shares of Loews in the 2nd quarter worth $284,000. Finally, Integrated Wealth Concepts LLC boosted its stake in shares of Loews by 22.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,575 shares of the insurance provider’s stock valued at $329,000 after purchasing an additional 658 shares in the last quarter. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

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.