Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK (

TheStreet

) -- The ex-dividend date for

Loews Corporation

(NYSE:

L

) is tomorrow, August 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $40.33 as of 9:30 a.m. ET, the dividend yield is 0.6%.

The average volume for Loews has been 1.1 million shares per day over the past 30 days. Loews has a market cap of $15.91 billion and is part of the

financial

sector and

insurance

industry. Shares are up 7.4% year to date as of the close of trading on Monday.

Loews Corporation operates primarily as a commercial property and casualty insurance company. The company has a P/E ratio of 18.6, below the average insurance industry P/E ratio of 18.8 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Loews as a

buy

. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Loews Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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