Loews Corporation (NYSE:L) Plans Quarterly Dividend of $0.06

Loews Corporation (NYSE:L) announced a quarterly dividend on Tuesday, November 10th. Stockholders of record on Wednesday, November 25th will be paid a dividend of $0.0625 per share by the insurance provider on Tuesday, December 8th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, November 25th.

Loews Stock Performance

Shares of L stock traded down $0.58 during trading hours on Wednesday, reaching $110.35. The company had a trading volume of 34,889 shares, compared to its average volume of 785,531. The business has a fifty day moving average price of $108.69 and a 200-day moving average price of $109.61. Loews has a one year low of $101.08 and a one year high of $121.01. The firm has a market cap of $22.32 billion, a PE ratio of 15.26 and a beta of 0.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.36 and a current ratio of 0.36.

Loews (NYSE:L) last released its quarterly earnings data on Monday, November 2nd. The insurance provider reported $1.50 earnings per share for the quarter. Loews had a net margin of 7.93% and a return on equity of 7.60%. The firm had revenue of $4.76 billion during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Loews from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, November 3rd. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Loews Company Profile

Loews Corporation is a diversified holding company with businesses in insurance, energy infrastructure and hospitality. Its subsidiaries operate independently, while Loews provides corporate oversight and capital allocation. CNA Financial provides commercial property and casualty insurance, along with related services, to businesses and organizations. Boardwalk Pipelines operates natural gas pipeline and storage infrastructure, primarily in the United States. Loews Hotels & Co owns and operates hotels and resorts, principally in North America.