Loews Corp. (NYSE: L) is 12.39% higher on its value in year-to-date trading and has touched a low of $62.18 and a high of $83.54 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The L stock was last observed hovering at around $78.25 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $78.21, the stock is -0.41% and -0.86% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.58 million and changing -0.05% at the moment leaves the stock 2.86% off its SMA200. L registered 23.13% gain for a year compared to 6-month gain of 5.96%. The firm has a 50-day simple moving average (SMA 50) of $78.8888 and a 200-day simple moving average (SMA200) of $76.03415.
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The stock witnessed a 0.63% loss in the last 1 month and extending the period to 3 months gives it a 1.68%, and is 0.08% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.89% over the week and 1.35% over the month.
Loews Corp. (L) has around 12280 employees, a market worth around $17.17B and $16.68B in sales. Current P/E ratio is 11.47. Profit margin for the company is 9.14%. Distance from 52-week low is 25.78% and -6.38% from its 52-week high. The company has generated returns on investments over the last 12 months (6.11%).
862.0 institutions hold shares in Loews Corp. (L), with institutional investors hold 73.44% of the company’s shares. The shares outstanding are 222.17M, and float is at 181.56M with Short Float at 0.90%. Institutions hold 59.90% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 21.23 million shares valued at $1.59 billion. The investor’s holdings represent 9.543 of the L Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 14.83 million shares valued at $1.11 billion to account for 6.6639 of the shares outstanding. The other top investors are JPMORGAN CHASE & CO which holds 12.72 million shares representing 5.7198 and valued at over $951.05 million, while STATE STREET CORP holds 3.5936 of the shares totaling 7.99 million with a market value of $597.52 million.
Loews Corp. (L) Insider Activity
The most recent transaction is an insider sale by TISCH JONATHAN M, the company’s Co-Ch. of Bd/Off. of the Pres. SEC filings show that TISCH JONATHAN M sold 37,500 shares of the company’s common stock on Sep 06 ’24 at a price of $79.67 per share for a total of $2.99 million. Following the sale, the insider now owns 6.74 million shares.
Loews Corp. disclosed in a document filed with the SEC on Sep 06 ’24 that TISCH JONATHAN M (Co-Ch. of Bd/Off. of the Pres.) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Sep 06 ’24 and was made at $79.67 per share for $1.99 million. Following the transaction, the insider now directly holds 0.41 million shares of the L stock.
Still, SEC filings show that on Sep 04 ’24, TISCH JONATHAN M (Co-Ch. of Bd/Off. of the Pres.) disposed off 75,000 shares at an average price of $82.01 for $6.15 million. The insider now directly holds 6,844,134 shares of Loews Corp. (L).
