Loews Corporation (NYSE:L – Get Free Report) declared a quarterly dividend on Tuesday, August 4th. Investors of record on Wednesday, August 19th will be paid a dividend of 0.0625 per share by the insurance provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, August 19th.
Loews Stock Down 0.3%
Loews stock opened at $115.94 on Wednesday. The stock has a market cap of $23.86 billion, a price-to-earnings ratio of 14.73 and a beta of 0.52. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average price is $111.91 and its two-hundred day moving average price is $109.30. Loews has a 52 week low of $92.25 and a 52 week high of $121.01.
Loews (NYSE:L – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The insurance provider reported $2.16 earnings per share for the quarter. The company had revenue of $4.73 billion during the quarter. Loews had a net margin of 9.02% and a return on equity of 8.66%.
Loews Company Profile
Loews Corporation (NYSE: L) is a diversified holding company that owns and operates businesses across insurance, hospitality, energy-related operations and other industrial and investment activities. The company holds controlling and significant minority interests in subsidiaries that run as standalone businesses, with corporate oversight focused on capital allocation, risk management and long-term value creation for shareholders.
One of Loews’ principal businesses is insurance, conducted through CNA Financial, a commercial property and casualty insurer that underwrites a range of business insurance products for corporate and institutional clients.
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