Loews (NYSE:L) Sees Unusually-High Trading Volume – What’s Next?

Loews Corporation (NYSE:L) shares saw unusually-strong trading volume on Thursday. Approximately 981,994 shares changed hands during mid-day trading, an increase of 24% from the previous session’s volume of 793,787 shares. The stock last traded at $104.0990 and had previously closed at $104.43.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Loews from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Loews presently has an average rating of “Strong Buy”.

Loews Trading Up 0.3%

The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $21.42 billion, a P/E ratio of 12.84 and a beta of 0.51. The business’s fifty day simple moving average is $111.06 and its two-hundred day simple moving average is $109.90.

Loews (NYSE:L) last posted its quarterly earnings results on Monday, August 3rd. The insurance provider reported $2.16 EPS for the quarter. The firm had revenue of $4.73 billion during the quarter. Loews had a return on equity of 8.60% and a net margin of 9.02%.

Loews Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Wednesday, August 19th. Loews’s dividend payout ratio is 3.06%.

Institutional Investors Weigh In On Loews

Several large investors have recently modified their holdings of the stock. Edmond DE Rothschild Holding S.A. acquired a new position in Loews during the second quarter worth $26,000. Fiduciary Financial Advisors bought a new position in Loews during the 2nd quarter valued at about $26,000. Keating Financial Advisory Services Inc. acquired a new position in Loews in the second quarter valued at about $28,000. SHP Wealth Management bought a new stake in Loews during the fourth quarter worth about $35,000. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in shares of Loews during the first quarter worth approximately $52,000. 58.33% of the stock is currently owned by institutional investors.

Loews Company Profile

Loews Corporation (NYSE:L) is a diversified holding company headquartered in New York City. Its principal businesses operate in insurance, energy infrastructure, hospitality and packaging, giving the company exposure to several industries rather than relying on a single operating segment.

Loews owns a controlling interest in CNA Financial, a commercial property and casualty insurance company that provides insurance products and services to businesses and organizations. It also owns Boardwalk Pipelines, which operates interstate natural gas transmission and storage systems, and Loews Hotels & Co, a hospitality company that manages and develops hotels and resorts in the United States and Canada.