NEW YORK, June 29, 2019 – Shares of Loews Corporation (NYSE: L) inclined 1.62% to $54.64. The stock traded total volume of 436.858K shares lower than the average volume of 1.08M shares.
Loews Corporation (NYSE:L) recently reported net income of $394.0M, or $1.27 per share, for the three months ended March 31, 2019, contrast to $293.0M, or $0.89 per share, in the prior year period.
At March 31, 2019, there were 305.50M shares of Loews common stock outstanding. For the three months ended March 31, 2019, the Company repurchased 6.80M shares of its common stock at an aggregate cost of $322.0M. From April 1, 2019 to April 26, 2019, the Company repurchased an additional 1.00M shares of its common stock at an aggregate cost of $47.0M. Depending on market conditions, the Company may from time to time purchase shares of its and its auxiliaries’ outstanding common stock in the open market or otherwise.
L has the market capitalization of $16.39B and its EPS growth ratio for the past five years was -7.60%. The return on assets ratio of the Company was 0.90% while its return on investment ratio stands at 4.30%. Price to sales ratio was 1.15 while 66.60% of the stock was owned by institutional investors.