News headlines about Loews (NYSE:L) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Loews earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave media stories about the insurance provider an impact score of 45.511350663655 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
A number of equities analysts recently issued reports on L shares. ValuEngine lowered shares of Loews from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Zacks Investment Research lowered shares of Loews from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd.
Loews (L) traded down $0.01 during trading hours on Friday, hitting $52.51. 1,224,071 shares of the stock traded hands, compared to its average volume of 1,272,592. Loews has a one year low of $45.01 and a one year high of $52.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.35 and a current ratio of 0.35. The company has a market cap of $17,680.00, a price-to-earnings ratio of 18.23 and a beta of 0.74.
In other news, VP Mark S. Schwartz sold 6,489 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $50.25, for a total transaction of $326,072.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann E. Berman sold 1,383 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $50.30, for a total transaction of $69,564.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,422,163 shares of company stock valued at $68,876,567. Insiders own 11.80% of the company’s stock.
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Loews Company Profile
Loews Corporation is a holding company. The Company, through its subsidiaries, is engaged in commercial property and casualty insurance; operation of offshore oil and gas drilling rigs; transportation and storage of natural gas and natural gas liquids, and operation of a chain of hotels. The Company has five segments consisted of its four individual operating subsidiaries, CNA Financial Corporation (CNA), Diamond Offshore Drilling, Inc (Diamond Offshore), Boardwalk Pipeline Partners, LP (Boardwalk Pipeline) and Loews Hotels Holding Corporation (Loews Hotels), and the Corporate segment.
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