Is Loews Corp. (NYSE: L) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

L belongs to the Financial sector of the NYSE while operating in the Insurance – Property & Casualty industry. The current market capitalization of Loews Corp. is $17.27B. A total of 0.58 million shares were traded on the day, compared to an average of 622.68K shares.

In the most recent transaction, TISCH JONATHAN M sold 37,500 shares of L for 79.67 per share on Sep 06 ’24. After the transaction, the Co-Ch. of Bd/Off. of the Pres. now owns 6,744,134 company shares. In a previous transaction on Sep 06 ’24, TISCH JONATHAN M sold 25,000 shares at 79.67 per share. L shares that Co-Ch. of Bd/Off. of the Pres. owns now total 411,395.

Among the insiders who sold shares, TISCH JONATHAN M disposed of 75,000 shares on Sep 04 ’24 at a per-share price of $82.01. This resulted in the Co-Ch. of Bd/Off. of the Pres. holding 6,844,134 shares of L after the transaction. In another insider transaction, TISCH JONATHAN M sold 75,000 shares at $81.82 per share on Sep 03 ’24. Company shares held by the Co-Ch. of Bd/Off. of the Pres. now total 6,919,134.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. 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 11.54. L’s most recent ex-dividend date was 8/21/2024 when it declared a $0.0625 quarterly dividend that was paid in cash on 9/3/2024. Previously, the company paid the dividend on 6/11/2024 with an ex-dividend date of 5/29/2024. The L stock dividend was $0.0625 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, L has a high of $83.54 and a low of $61.43.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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 $74.57, while its Total Shareholder’s Equity was $19.18B.

Analysts Opinion

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. 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 4.00.

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