Loews Corporation (NYSE:L) shares traded lower over the last trading session, losing -0.94% on 06/10/21. The shares fell to a low of $55.84 before closing at $55.92. Intraday shares traded counted 0.59 million, which was 34.64% higher than its 30-day average trading volume of 897.25K. L’s previous close was $56.45 while the outstanding shares total 267.39M. The firm has a beta of 0.93. The stock’s Relative Strength Index (RSI) is 39.55, with weekly volatility at 1.53% and ATR at 1.02. The L stock’s 52-week price range has touched low of $31.18 and a $59.39 high.
Investors have identified the Insurance – Property & Casualty company Loews Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $14.75 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Loews Corporation (L) Fundamentals that are to be considered.
L were able to record 47.0 million as free cash flow during the 08/02/2021 quarter of the year, this saw their quarterly net cash flow reduce by 182.0 million. In cash movements, the company had a total of 134.0 million as operating cash flow.
Potential earnings growth for Loews Corporation (L)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/02/2021 quarter of the year, Loews Corporation recorded a total of 3.62 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 14.44% coming in sequential stages and their sales for the 08/02/2021 quarter reducing by -2.4%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 3.09 billion trying to sell their products during the last quarter, with the result yielding a gross income of 407.0 million. This allows shareholders to hold on to 267.39M with the recently reported earning now reading 0.98 cents per share. This is a figure that compared to analyst’s prediction for their 08/02/2021 (-0.25 cents a share).
Is the stock of L attractive?
In related news, Director, LASKAWY PHILIP A sold 429 shares of the company’s stock in a transaction that recorded on Jun 01. The sale was performed at an average price of 58.65, for a total value of 25,161. As the sale deal closes, the Director, BOWER JOSEPH L now sold 215 shares of the company’s stock, valued at 12,616. Also, Director, BERMAN ANN E sold 429 shares of the company’s stock in a deal that was recorded on Jun 01. The shares were price at an average price of 58.68 per share, with a total market value of 25,174. Following this completion of acquisition, the Director, FRIBOURG PAUL J now holds 429 shares of the company’s stock, valued at 25,182. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.