In the latest session, Loews Corp. (NYSE: L) closed at $73.81 down -1.35% from its previous closing price of $74.82. In other words, the price has decreased by -$1.01 from its previous closing price. On the day, 774501 shares were traded.
Ratios:
For a deeper understanding of Loews Corp.’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 0.60 whereas as Long-Term Debt/Eq ratio is at 0.53.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Deutsche Bank on November 02, 2016, Reiterated its Hold rating but revised its target price to $43 from $42 previously.
On August 06, 2015, Deutsche Bank reiterated its Hold rating and also upped its target price recommendation from $48 to $44.
Deutsche Bank Downgraded its Buy to Hold on March 24, 2014, whereas the target price for the stock was revised from $53 to $51.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 06 ’24 when SIEGEL KENNETH I sold 6,322 shares for $75.50 per share. The transaction valued at 477,311 led to the insider holds 6,993 shares of the business.
BERMAN ANN E sold 951 shares of L for $71,344 on Mar 01 ’24. The Director now owns 3,292 shares after completing the transaction at $75.02 per share. On Mar 01 ’24, another insider, DIKER CHARLES M, who serves as the Director of the company, sold 951 shares for $75.02 each. As a result, the insider received 71,344 and left with 18,200 shares of the company.
Valuation Measures:
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 16.39B and an Enterprise Value of 25.00B. As of this moment, Loews’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.74. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.84. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.03 while its Price-to-Book (P/B) ratio in mrq is 1.04. Its current Enterprise Value per Revenue stands at 1.59.
Stock Price History:
Over the past 52 weeks, L has reached a high of $78.55, while it has fallen to a 52-week low of $55.31. The 50-Day Moving Average of the stock is 75.19, while the 200-Day Moving Average is calculated to be 67.72.
Shares Statistics:
For the past three months, L has traded an average of 782.55K shares per day and 653.46k over the past ten days. A total of 222.17M shares are outstanding, with a floating share count of 184.31M. Insiders hold about 17.05% of the company’s shares, while institutions hold 58.94% stake in the company. Shares short for L as of Mar 28, 2024 were 1.88M with a Short Ratio of 2.40, compared to 1.29M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.85% and a Short% of Float of 1.04%.
Dividends & Splits
According to the company, the forward annual dividend rate for L is 0.25, from 0.25 in the trailing year. Against a Trailing Annual Dividend Yield of 0.33%, it implies a Forward Annual Dividend Yield of 0.34%. The stock’s 5-year Average Dividend Yield is 0.48. The current Payout Ratio is 3.97% for L, which recently paid a dividend on Mar 05, 2024 with an ex-dividend date of Feb 20, 2024. Stock splits for the company last occurred on May 09, 2006 when the company split stock in a 3:1 ratio.
