Loews Corporation (NYSE:L) hit a new 52-week high Thursday as it is currently trading at $41.87, above its previous 52-week high of $41.80 with 334,589 shares traded as of 1:05 p.m. ET. Average volume has been 972,000 shares over the past 30 days.
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) -- Loews Corporation (NYSE: L) hit a new 52-week high Thursday as it is currently trading at $41.87, above its previous 52-week high of $41.80 with 334,589 shares traded as of 1:05 p.m. ET. Average volume has been 972,000 shares over the past 30 days. Loews has a market cap of $16.41 billion and is part of the financial sector and insurance industry. Shares are up 10.2% year to date as of the close of trading on Wednesday. Loews Corporation operates primarily as a commercial property and casualty insurance company. The company has a P/E ratio of 19.2, below the average insurance industry P/E ratio of 19.4 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 all 52-week high stocks or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.