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Tuesday, March 21, 2023

An Evaluation Of Loews Corporation (NYSE: L) Prospects

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Loews Corporation (L) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $61.33. The Loews Corporation has recorded 16,767 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that LOEWS CORPORATION REPORTS NET INCOME OF $364 MILLION FOR THE FOURTH QUARTER OF 2022 AND $1.0 BILLION FOR THE FULL YEAR.

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Stocks Info

This NYSE-listed company operates within the Insurance – Property & Casualty industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $61.33 and fluctuated between $62.11 as its day high and $61.28 as its day low. The current market capitalization of Loews Corporation is $14.34B. A total of 0.91 million shares were traded on the day, compared to an average of 825.13K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, L has seen 16 BUY and 14 SELL insider trades, representing the acquisition of 152,692 and the disposition of 134,960 shares. Over the last 12 months, there were 58 BUYs and 71 SELLs from insiders. Insiders purchased 426,487 shares during that period but sold 1,534,797.

In the most recent transaction, HARRIS WALTER L sold 625 shares of L for 61.00 per share on Mar 01. After the transaction, the Director now owns 19,633 company shares. In a previous transaction on Mar 01, FRIBOURG PAUL J sold 625 shares at 61.00 per share. L shares that Director owns now total 0.

Among the insiders who sold shares, DIKER CHARLES M disposed of 625 shares on Mar 01 at a per-share price of $60.98. This resulted in the Director holding 16,633 shares of L after the transaction. In another insider transaction, BERMAN ANN E sold 625 shares at $60.98 per share on Mar 01. Company shares held by the Director now total 1,725.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Loews Corporation pays an annual dividend of $0.25, resulting in a dividend yield of 0.41%, and it has a price to earnings (P/E) ratio of 14.74. L’s most recent ex-dividend date was 2/21/2023 when it declared a $0.0625 quarterly dividend that was paid in cash on 3/7/2023. Previously, the company paid the dividend on 12/6/2022 with an ex-dividend date of 11/22/2022. The L stock dividend was $0.0625 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. 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

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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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