Analyst Expects Loews Corp. (NYSE: L) To Make Big Moves

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. Earlier, Yahoo Finance discussed this stock as it revealed Loews Arlington Hotel and Convention Center 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. The current market capitalization of Loews Corp. is $17.10B. A total of 1.9 million shares were traded on the day, compared to an average of 800.76K shares.

In the most recent transaction, SIEGEL KENNETH I sold 6,322 shares of L for 75.50 per share on Mar 06 ’24. After the transaction, the Senior Vice President now owns 6,993 company shares. In a previous transaction on Mar 01 ’24, BERMAN ANN E sold 951 shares at 75.02 per share. L shares that Director owns now total 3,292.

Among the insiders who sold shares, DIKER CHARLES M disposed of 951 shares on Mar 01 ’24 at a per-share price of $75.02. This resulted in the Director holding 18,200 shares of L after the transaction. In another insider transaction, FRIBOURG PAUL J sold 951 shares at $75.02 per share on Mar 01 ’24. Company shares held by the Director now total 0.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Loews Corp. pays an annual dividend of $0.25, resulting in a dividend yield of 0.32%, and it has a price to earnings (P/E) ratio of 12.24. L’s most recent ex-dividend date was 2/20/2024 when it declared a $0.0625 quarterly dividend that was paid in cash on 3/5/2024. Previously, the company paid the dividend on 12/5/2023 with an ex-dividend date of 11/21/2023. 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. In terms of 52-week highs and lows, L has a high of $76.40 and a low of $52.85.

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. L’s latest balance sheet shows that the firm has $49.85B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $70.69, while its Total Shareholder’s Equity was $19.18B.

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, 0 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.

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