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
Industry Fire, marine, & casualty insurance
Sub-IndustryMulti-line Insurance
SectorFinance
SymbolNYSE:L
CUSIP54042410
Phone212-521-2000
Debt
Debt-to-Equity Ratio0.47
Current Ratio0.34
Quick Ratio0.34
Price-To-Earnings
Trailing P/E Ratio16.52
Forward P/E Ratio13.93
P/E GrowthN/A
Sales & Book Value
Annual Sales$13.74 billion
Price / Sales1.13
Cash Flow$5.3652 per share
Price / Cash9.09
Book Value$72.98 per share
Price / Book0.67
Profitability
EPS (Most Recent Fiscal Year)$2.86
Net Income$1.16 billion
Net Margins8.29%
Return on Equity4.07%
Return on Assets1.24%
Miscellaneous
Employees18,100
Outstanding Shares319,320,000
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 announced a quarterly dividend on Tuesday, May 8th. Stockholders of record on Wednesday, May 30th will be paid a dividend of $0.0625 per share on Tuesday, June 12th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Tuesday, May 29th. View Loews' Dividend History.
How were Loews' earnings last quarter?
Loews Co. (NYSE:L) announced its earnings results on Monday, April, 30th. The insurance provider reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.11. The insurance provider earned $3.58 billion during the quarter. Loews had a return on equity of 4.07% and a net margin of 8.29%. Loews's revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 EPS. View Loews' Earnings History.
When is Loews' next earnings date?
What price target have analysts set for L?
2 brokers have issued 1 year price objectives for Loews' stock. Their forecasts range from $30.70 to $76.00. On average, they anticipate Loews' share price to reach $53.35 in the next twelve months. View Analyst Ratings for Loews.
Who are some of Loews' key competitors?
Some companies that are related to Loews include Chubb (CB), American International Group (AIG), Tokio Marine (TKOMY), Progressive (PGR), Travelers Companies (TRV), Allstate (ALL), Hartford Financial Services Group (HIG), Ms&Ad Insurance Group (MSADY), Fairfax Financial Holdings Ltd Subordinate Voting Shares (FRFHF), Markel (MKL), XL Group (XL), Cna Financial (CNA), Cincinnati Financial (CINF), Arch Capital Group (ACGL) 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)
Has Loews been receiving favorable news coverage?
Media coverage about L stock has trended somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Loews earned a coverage optimism score of 0.07 on Accern's scale. They also assigned news articles about the insurance provider an impact score of 45.77 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days.
Who are Loews' major shareholders?
Loews' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.55%), JPMorgan Chase & Co. (5.33%), Boston Partners (2.48%), Diamond Hill Capital Management Inc. (1.73%), Wells Fargo & Company MN (1.68%) and Principal Financial Group Inc. (1.14%). 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, Mark S Schwartz, Paul J Fribourg, Philip A Laskawy, Richard Waldo Scott and Walter L Harris. View Institutional Ownership Trends for Loews.
Which institutional investors are selling Loews stock?
L stock was sold by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Principal Financial Group Inc., Donald Smith & CO. Inc., Schwab Charles Investment Management Inc., Sei Investments Co., BNP Paribas Arbitrage SA, Swiss National Bank and Northern Trust Corp. 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, Joseph L Bower, Kenneth I Siegel, Mark S Schwartz, Richard Waldo Scott and Walter L Harris. View Insider Buying and Selling for Loews.
Which institutional investors are buying Loews stock?
L stock was purchased by a variety of institutional investors in the last quarter, including Becker Capital Management Inc., Barrow Hanley Mewhinney & Strauss LLC, Thrivent Financial for Lutherans, Diamond Hill Capital Management Inc., Wells Fargo & Company MN, Boston Partners, DekaBank Deutsche Girozentrale and Teacher Retirement System of Texas. 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 $48.77.
How big of a company is Loews?
Loews has a market capitalization of $15.51 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.
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 (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.
