Loews Corporation, through its subsidiaries, provides commercial property and casualty insurance in the United States, Canada, the United Kingdom, Continental Europe, and Singapore. The company offers management and professional liability insurance and risk management services, and other specialized property and casualty coverages; commercial surety and fidelity bonds; and warranty and alternative risk services primarily for vehicles and cell phones. Its commercial property insurance products include standard and excess property, marine, and boiler and machinery coverages; and casualty insurance products comprise workers' compensation, general and product liability, commercial auto, and umbrella coverages. The company also provides loss-sensitive insurance programs; and risk management, information, and claims administration services. It markets its insurance products and services primarily through independent agents, brokers, and managing general underwriters. In addition, the company owns and operates 17 offshore drilling rigs consisting of 4 drillships; and 7 ultra-deepwater, 4 deepwater, and 2 mid-water semisubmersible rigs. Further, it is involved in the transportation and storage of natural gas and natural gas liquids (NGLs). It owns and operates natural gas pipelines covering approximately 13,880 miles of interconnected pipelines; approximately 455 miles of NGL pipelines in Louisiana and Texas; and underground storage fields with aggregate working gas capacity of approximately 205.0 billion cubic feet of natural gas. Additionally, it operates 24 hotels in the United States and Canada. The company was founded in 1954 and is headquartered in New York, New York.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Fire, marine, & casualty insurance
Sub-IndustryMulti-line Insurance
SectorFinance
Current SymbolNYSE:L
Previous Symbol
CUSIP54042410
Phone212-521-2000
Debt
Debt-to-Equity Ratio0.52
Current Ratio0.33
Quick Ratio0.33
Price-To-Earnings
Trailing P/E Ratio16.58
Forward P/E Ratio15.06
P/E GrowthN/A
Sales & Book Value
Annual Sales$13.74 billion
Price / Sales1.08
Cash Flow$5.2236 per share
Price / Cash9.08
Book Value$72.98 per share
Price / Book0.65
Profitability
EPS (Most Recent Fiscal Year)$2.86
Net Income$1.16 billion
Net Margins8.94%
Return on Equity4.75%
Return on Assets1.37%
Miscellaneous
Employees18,100
Outstanding Shares314,190,000
Market Cap$15.24 billion
OptionableOptionable
Loews (NYSE:L) Frequently Asked Questions
What is Loews' stock symbol?
Loews trades on the New York Stock Exchange (NYSE) under the ticker symbol "L."
How often does Loews pay dividends? What is the dividend yield for Loews?
Loews declared a quarterly dividend on Tuesday, November 13th. Investors of record on Wednesday, November 28th will be paid a dividend of $0.0625 per share on Tuesday, December 11th. This represents a $0.25 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Tuesday, November 27th. View Loews' Dividend History.
How were Loews' earnings last quarter?
Loews Co. (NYSE:L) announced its earnings results on Monday, November, 5th. The insurance provider reported $0.88 EPS for the quarter, missing the consensus estimate of $0.98 by $0.10. The insurance provider earned $3.61 billion during the quarter. Loews had a net margin of 8.94% and a return on equity of 4.75%. The company's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 earnings per share. View Loews' Earnings History.
When is Loews' next earnings date?
What price target have analysts set for L?
5 brokers have issued 12 month price targets for Loews' stock. Their forecasts range from $30.70 to $76.00. On average, they expect Loews' share price to reach $59.34 in the next twelve months. This suggests a possible upside of 25.1% from the stock's current price. View Analyst Price Targets for Loews.
What is the consensus analysts' recommendation for Loews?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Loews in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Loews.
Has Loews been receiving favorable news coverage?
Media stories about L stock have trended positive recently, InfoTrie Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Loews earned a media sentiment score of 2.1 on InfoTrie's scale. They also gave media coverage about the insurance provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near term.
Who are some of Loews' key competitors?
Some companies that are related to Loews include Progressive (PGR), American International Group (AIG), Tokio Marine (TKOMY), Travelers Companies (TRV), Allstate (ALL), Ms&Ad Insurance Group (MSADY), Hartford Financial Services Group (HIG), Markel (MKL), Cincinnati Financial (CINF), Fairfax Financial Holdings Ltd Subordinate Voting Shares (FRFHF), Cna Financial (CNA), Arch Capital Group (ACGL), W. R. Berkley (WRB), Alleghany (Y) and American Financial Group (AFG).
Who are Loews' key executives?
Loews' management team includes the folowing people:
- Mr. Jonathan M. Tisch, Co-Chairman (Age 64)
- Mr. James S. Tisch, Pres, CEO & Director (Age 65)
- Mr. David B. Edelson, Sr. VP & CFO (Age 59)
- Mr. Kenneth I. Siegel, Sr. VP (Age 61)
- Mr. Richard Waldo Scott, Sr. VP & Chief Investment Officer (Age 65)
Who are Loews' major shareholders?
Loews' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.76%), JPMorgan Chase & Co. (5.31%), Diamond Hill Capital Management Inc. (1.80%), Wells Fargo & Company MN (1.78%), Dimensional Fund Advisors LP (0.99%) and Marathon Asset Management LLP (0.67%). Company insiders that own Loews stock include Andrew H Tisch, Ann E Berman, Charles M Diker, David B Edelson, Jonathan M Tisch, Joseph L Bower, Kenneth I Siegel, Marc A Alpert, Mark S Schwartz, Paul J Fribourg, Philip A Laskawy, Richard Waldo Scott and Walter L Harris. View Institutional Ownership Trends for Loews.
Which major investors are selling Loews stock?
L stock was sold by a variety of institutional investors in the last quarter, including Mitsubishi UFJ Trust & Banking Corp, JPMorgan Chase & Co., Retirement Systems of Alabama, Unigestion Holding SA, Acadian Asset Management LLC, Russell Investments Group Ltd., Diamond Hill Capital Management Inc. and Strs Ohio. Company insiders that have sold Loews company stock in the last year include Ann E Berman, Charles M Diker, David B Edelson, Jonathan M Tisch, Kenneth I Siegel, Marc A Alpert, Mark S Schwartz and Walter L Harris. View Insider Buying and Selling for Loews.
Which major investors are buying Loews stock?
L stock was bought by a variety of institutional investors in the last quarter, including St. James Investment Company LLC, Schwerin Boyle Capital Management Inc., BlackRock Inc., Prudential Financial Inc., Morgan Stanley, Legal & General Group Plc, Renaissance Technologies LLC and Korea Investment CORP. View Insider Buying and Selling for Loews.
How do I buy shares of Loews?
Shares of L can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Loews' stock price today?
One share of L stock can currently be purchased for approximately $47.43.
How big of a company is Loews?
Loews has a market capitalization of $15.24 billion and generates $13.74 billion in revenue each year. The insurance provider earns $1.16 billion in net income (profit) each year or $2.86 on an earnings per share basis. Loews employs 18,100 workers across the globe.
What is Loews' official website?
How can I contact Loews?
Loews' mailing address is 667 MADISON AVE, NEW YORK NY, 10065. The insurance provider can be reached via phone at 212-521-2000 or via email at [email protected]
MarketBeat Community Rating for Loews (NYSE L)
MarketBeat's community ratings are surveys of what our community members think about Loews and other stocks. Vote "Outperform" if you believe L will outperform the S&P 500 over the long term. Vote "Underperform" if you believe L will underperform the S&P 500 over the long term. You may vote once every thirty days.
