Are Loews Corporation (L) stocks a prudent buy?

Loews Corporation [L] stock is trading at $64.56, up 0.48%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The L shares have gain 2.66% over the last week, with a monthly amount glided 4.79%, and seem to be holding up well over a long-time horizon.

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On 31, July 2023, LOEWS CORPORATION REPORTS NET INCOME OF $360 MILLION FOR THE SECOND QUARTER OF 2023. In a post published today on Yahoo Finance, Loews Corporation (NYSE: L) today released its second quarter 2023 financial results.

From an analyst’s perspective:

Loews Corporation [NYSE: L] stock has seen the most recent analyst activity on November 02, 2016, when Deutsche Bank reiterated its Hold rating and also boosted its price target to $43 from $42.

Loews Corporation [L] stock has fluctuated between $49.36 and $64.82 over the past year. Currently, Wall Street analysts expect the stock to reach $52.00 within the next 12 months. Loews Corporation [NYSE: L] shares were valued at $64.56 at the most recent close of the market. An investor can expect a potential drop of -19.45% based on the average L price forecast.

Analyzing the L fundamentals

Loews Corporation [NYSE:L] reported sales of 3.93 billion for the most recent quarter, which represents a growth of 13.80%. During this period, the public company’s revenue per employee was $1,165,477, while its income per employee was $83,983. To continue investigating profitability, this company’s Return on Assets is posted at 1.38, Equity is 6.24, Total Capital is 1.88, and Invested Capital is 3.00. An extended look at the Principal structure reveals enduring liabilities to the total capital of 54.64 and enduring liabilities to assets of 25.09.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 64.16 points at the first support level, and at 63.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 64.79, and for the 2nd resistance point, it is at 65.03.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 1.01, the price to book ratio is 0.94 and the P/E (TTM) ratio is 12.29.

Transactions by insiders

In the past 3 months, 6 insiders have purchased 31,500 shares, and 5 have sold 131,500 shares. Recent insider trading involved FRIBOURG PAUL J, Director, that happened on Sep 01 when 561.0 shares were sold. Director, DIKER CHARLES M completed a deal on Sep 01 to sell 561.0 shares. Meanwhile, Director BERMAN ANN E sold 561.0 shares on Sep 01.