Loews Corporation (NYSE: L) closed the day trading at $56.98 down -0.33% from the previous closing price of $57.17. In other words, the price has decreased by -$0.19 from its previous closing price. On the day, 639819 shares were traded. L stock price reached its highest trading level at $57.23 during the session, while it also had its lowest trading level at $56.52.
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For a better understanding of L, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.56. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.56.
Upgrades & Downgrades
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 03 when LOEWS CORP bought 4,800 shares for $39.79 per share. The transaction valued at 190,992 led to the insider holds 243,958,688 shares of the business.
LOEWS CORP bought 35,229 shares of L for $1,370,056 on May 02. The 10% Owner now owns 243,953,888 shares after completing the transaction at $38.89 per share. On May 01, another insider, LOEWS CORP, who serves as the 10% Owner of the company, bought 34,996 shares for $38.93 each. As a result, the insider paid 1,362,394 and bolstered with 243,918,659 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, L now has a Market Capitalization of 13.88B and an Enterprise Value of 22.37B. As of this moment, Loews’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.93. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.90 while its Price-to-Book (P/B) ratio in mrq is 0.92. Its current Enterprise Value per Revenue stands at 1.55.
Stock Price History:
Over the past 52 weeks, L has reached a high of $66.34, while it has fallen to a 52-week low of $49.36. The 50-Day Moving Average of the stock is 57.10, while the 200-Day Moving Average is calculated to be 57.11.
Over the past 3-months, L traded about 828.47K shares per day on average, while over the past 10 days, L traded about 585.88k shares per day. A total of 233.30M shares are outstanding, with a floating share count of 194.69M. Insiders hold about 0.40% of the company’s shares, while institutions hold 61.30% stake in the company. Shares short for L as of May 14, 2023 were 1.43M with a Short Ratio of 1.43M, compared to 1.72M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 0.63% and a Short% of Float of 0.88%.
Dividends & Splits
L’s forward annual dividend rate is 0.25, up from 0.25 a year ago. Against a Trailing Annual Dividend Yield of 0.44%, it implies a Forward Annual Dividend Yield of 0.44%. The stock’s 5-year Average Dividend Yield is 0.51. The current Payout Ratio is 5.70% for L, which recently paid a dividend on Jun 05, 2023 with an ex-dividend date of May 22, 2023. Stock splits for the company last occurred on May 08, 2006 when the company split stock in a 3:1 ratio.
Current recommendations for the stock of the company come from 0 analysts. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0. EPS for the following year is $0, with 0 analysts recommending between $0 and $0.