News stories about Loews (NYSE:L) have trended somewhat positive on Sunday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Loews earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news coverage about the insurance provider an impact score of 46.2541457577233 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Alexa Chung and Daisy Lowe mix it up with contrasting London Fashion Week looks (belfasttelegraph.co.uk)
- Lowes Foods 3-Day Sale: Eggs, tomatoes, coffee (wral.com)
- Loews : Diamond Offshore to Present at the UBS Houston Energy Bus-less Tour (4-traders.com)
- Who’s bankrolling Jersey City’s election? (nj.com)
- Contrasting Endurance Specialty Holdings (ENH) & Loews Corporation (L) (americanbankingnews.com)
L has been the topic of several research analyst reports. Jefferies Group LLC reissued a “sell” rating and issued a $35.00 price objective on shares of Loews in a research report on Tuesday, June 6th. BidaskClub raised shares of Loews from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Zacks Investment Research lowered shares of Loews from a “buy” rating to a “hold” rating in a research report on Monday, June 19th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Loews currently has a consensus rating of “Hold” and an average price target of $43.33.
Loews (NYSE L) opened at 47.49 on Friday. The company has a market capitalization of $15.99 billion, a price-to-earnings ratio of 14.03 and a beta of 0.71. The stock has a 50 day moving average of $47.62 and a 200 day moving average of $47.13. Loews has a 12 month low of $39.71 and a 12 month high of $49.58.
Loews (NYSE:L) last announced its quarterly earnings data on Monday, July 31st. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.76. Loews had a return on equity of 4.97% and a net margin of 8.27%. The business had revenue of $3.36 billion for the quarter. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Equities analysts anticipate that Loews will post $3.05 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Wednesday, August 30th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Monday, August 28th. Loews’s dividend payout ratio is currently 7.53%.
Loews Corporation is a holding company. The Company, through its subsidiaries, is engaged in commercial property and casualty insurance; operation of offshore oil and gas drilling rigs; transportation and storage of natural gas and natural gas liquids, and operation of a chain of hotels. The Company has five segments consisted of its four individual operating subsidiaries, CNA Financial Corporation (CNA), Diamond Offshore Drilling, Inc (Diamond Offshore), Boardwalk Pipeline Partners, LP (Boardwalk Pipeline) and Loews Hotels Holding Corporation (Loews Hotels), and the Corporate segment.
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