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Wednesday, February 8, 2023

Searching For Real Value In Market Debris At Loews Corporation (NYSE: L)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Yahoo Finance discussed the stock recently as it posted LOEWS CORAL GABLES OFFICIALLY OPENS ITS DOORS.

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Stocks Info

As a NYSE listed company, L falls under the Financial sector while operating within the Insurance – Property & Casualty industry segment. At the end of the last regular session, the stock closed at $58.07 and fluctuated between $58.46 as its day high and $57.87 as its day low. The current market capitalization of Loews Corporation is $13.71B. A total of 0.76 million shares were traded on the day, compared to an average of 791.29K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, L has seen 18 BUY and 15 SELL insider trades, representing the acquisition of 141,000 and the disposition of 111,847 shares. Over the last 12 months, there were 66 BUYs and 90 SELLs from insiders. Insiders purchased 425,011 shares during that period but sold 1,536,079.

In the most recent transaction, TISCH JONATHAN M sold 14,467 shares of L for 58.40 per share on Jan 03. After the transaction, the Co-Ch. of Bd/Off. of the Pres. now owns 0 company shares. In a previous transaction on Dec 01, HARRIS WALTER L sold 698 shares at 58.07 per share. L shares that Director owns now total 19,633.

Among the insiders who sold shares, LASKAWY PHILIP A disposed of 698 shares on Dec 01 at a per-share price of $58.07. This resulted in the Director holding 7,365 shares of L after the transaction. In another insider transaction, BERMAN ANN E sold 698 shares at $57.90 per share on Dec 01. Company shares held by the Director now total 1,725.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Loews Corporation pays an annual dividend of $0.25, resulting in a dividend yield of 0.43%, and it has a price to earnings (P/E) ratio of 14.55. L’s most recent ex-dividend date was 11/22/2022 when it declared a $0.0625 quarterly dividend that was paid in cash on 12/6/2022. Previously, the company paid the dividend on 8/30/2022 with an ex-dividend date of 8/16/2022. The L stock dividend was $0.0625 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for L in the last 3 months, the mean price target is $52.00 with high estimates of $52.00 and low estimates of $52.00. In terms of 52-week highs and lows, L has a high of $68.20 and a low of $49.36.

As of this writing, L has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 1 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for L is Buy with a score of 0.00. A total of 0 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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