Loews Corp (NYSE:L) shares traded 1.72% higher at $84.80 on Wall Street last session.
L stock price is now 2.18% away from the 50-day moving average and 7.82% away from the 200-day moving average. The market capitalization of the company currently stands at $18.37B.
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With the price target enhanced from $42 to $43, Deutsche Bank maintained Hold rating for Loews Corp (NYSE: L). On August 06, 2015, Deutsche Bank reiterated its ‘Hold’ rating on the stock by increasing its target price from $48 to quote $44, while the Deutsche Bank previously rated the stock as ‘Hold’ on March 24, 2014.
In other news, BERMAN ANN E, Director sold 1,146 shares of the company’s stock on Dec 02 ’24. The stock was sold for $99,106 at an average price of $86.48. Upon completion of the transaction, the Director now directly owns 4,998 shares in the company, valued at $0.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 02 ’24, Director DIKER CHARLES M sold 1,146 shares of the business’s stock. A total of $99,507 was realized by selling the stock at an average price of $86.83. This leaves the insider owning 19,906 shares of the company worth $1.69 million. A total of 17.28% of the company’s stock is owned by insiders.
During the past 12 months, Loews Corp has had a low of $68.49 and a high of $87.45. The fifty day moving average price for L is $82.9136 and a two-hundred day moving average price translates $78.61035 for the stock.
The latest earnings results from Loews Corp (NYSE: L) was released for 2024-09-30. The net profit margin was 9.71% and return on equity was 10.52% for L. The company reported revenue of $4.47 billion for the quarter, compared to $3.93 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.75 percent.
