Loews Corp (NYSE: L) is -0.67% lower on its value in year-to-date trading and has touched a low of $72.50 and a high of $88.29 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The L stock was last observed hovering at around $83.00 in the last trading session, with the day’s gains setting it 1.12%.
Currently trading at $84.12, the stock is -1.65% and -0.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing 1.35% at the moment leaves the stock 5.03% off its SMA200. L registered 15.08% gain for a year compared to 6-month gain of 9.16%. The firm has a 50-day simple moving average (SMA 50) of $84.7002 and a 200-day simple moving average (SMA200) of $80.0457.
The stock witnessed a 0.83% loss in the last 1 month and extending the period to 3 months gives it a 1.09%, and is -3.10% 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 2.12% over the week and 1.67% over the month.
Loews Corp (L) has around 13000 employees, a market worth around $17.91B and $17.51B in sales. Current P/E ratio is 13.15. Profit margin for the company is 8.08%. Distance from 52-week low is 16.03% and -4.72% from its 52-week high. The company has generated returns on investments over the last 12 months (5.37%).
892.0 institutions hold shares in Loews Corp (L), with institutional investors hold 73.28% of the company’s shares. The shares outstanding are 214.91M, and float is at 176.07M with Short Float at 1.15%. Institutions hold 59.65% 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 6.6976 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 Alpert Marc A, the company’s Sr. VP, Gen. Coun. & Secy. SEC filings show that Alpert Marc A sold 4,500 shares of the company’s common stock on Feb 11 ’25 at a price of $85.04 per share for a total of $0.38 million. Following the sale, the insider now owns 13089.0 shares.
Still, SEC filings show that on Feb 06 ’25, TISCH JONATHAN M (DIRECTOR EMERITUS) disposed off 3,691 shares at an average price of $86.89 for $0.32 million. The insider now directly holds 0 shares of Loews Corp (L).
