Today, a Director at Loews Corp (L), Walter Harris, bought shares of L for $100.
Following Walter Harris’ last L Buy transaction on March 03, 2016, the stock climbed by 11.1%. This is Harris’ first Buy trade following 7 Sell transactions.
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Based on Loews Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $3.58 billion and quarterly net profit of $278 million. In comparison, last year the company earned revenue of $3.46 billion and had a net profit of $157 million. L’s market cap is $15.27B and the company has a P/E ratio of 12.37. Currently, Loews Corp has an average volume of 1.5M.
Walter Harris’ trades have generated a -1.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Loews Corp. is a holding company, which engages in the oil and gas business. It operates through the following segments: CNA Financial, Diamond Offshore, Boardwalk Pipeline, Loews Hotels, Corporate and Other. The CNA Financial segment offers property, casualty, insurance, and underwriting services. The Diamond Offshore segment manages drilling rigs.
