Loews Corp (NYSE: L) is 17.34% higher on its value in year-to-date trading and has touched a low of $67.85 and a high of $87.45 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 $81.50 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $81.66, the stock is -3.94% and -1.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.06 million and changing 0.20% at the moment leaves the stock 3.99% off its SMA200. L registered 18.52% gain for a year compared to 6-month gain of 6.66%. The firm has a 50-day simple moving average (SMA 50) of $82.7336 and a 200-day simple moving average (SMA200) of $78.52725.
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The stock witnessed a -2.92% loss in the last 1 month and extending the period to 3 months gives it a 3.97%, and is -2.73% down 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 1.95% over the week and 1.45% over the month.
Loews Corp (L) has around 12280 employees, a market worth around $17.78B and $17.22B in sales. Current P/E ratio is 10.85. Profit margin for the company is 9.71%. Distance from 52-week low is 20.35% and -6.62% from its 52-week high. The company has generated returns on investments over the last 12 months (6.39%).
881.0 institutions hold shares in Loews Corp (L), with institutional investors hold 73.42% of the company’s shares. The shares outstanding are 218.93M, and float is at 180.14M with Short Float at 0.78%. Institutions hold 59.78% 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 9.5913 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 5.7487 and valued at over $951.05 million, while STATE STREET CORP holds 3.6118 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 BERMAN ANN E, the company’s Director. SEC filings show that BERMAN ANN E sold 1,146 shares of the company’s common stock on Dec 02 ’24 at a price of $86.48 per share for a total of $99106.0. Following the sale, the insider now owns 4998.0 shares.
Loews Corp disclosed in a document filed with the SEC on Dec 02 ’24 that DIKER CHARLES M (Director) sold a total of 1,146 shares of the company’s common stock. The trade occurred on Dec 02 ’24 and was made at $86.83 per share for $99507.0. Following the transaction, the insider now directly holds 19906.0 shares of the L stock.
Still, SEC filings show that on Dec 02 ’24, FRIBOURG PAUL J (Director) disposed off 1,146 shares at an average price of $86.81 for $99484.0. The insider now directly holds 0 shares of Loews Corp (L).
