|
Price: $79.2800
$1.13 
1.446%
|
| Day's High:
| $79.4
| Week Perf:
| 0.29 %
|
| Day's Low: |
$ 78.42 |
30 Day Perf: |
-2 % |
| Volume (M): |
567 |
52 Wk High: |
$ 83.54 |
| Volume (M$): |
$ 44,936 |
52 Wk Avg: |
$73.91 |
| Open: |
$78.42 |
52 Wk Low: |
$62.18 |
|
|
| Market Capitalization (Millions $) |
17,568 |
| Shares
Outstanding (Millions) |
222 |
| Employees |
12,280 |
| Revenues (TTM) (Millions $) |
16,682 |
| Net Income (TTM) (Millions $) |
1,633 |
| Cash Flow (TTM) (Millions $) |
7 |
| Capital Exp. (TTM) (Millions $) |
705 |
Loews Corp
Loews Corporation Overview
Loews Corporation is a diversified holding company headquartered in New York City. It operates through several subsidiaries in various sectors, including property and casualty insurance, hotels, offshore drilling, natural gas transportation, and consumer products. The company was founded in 1968 and has evolved considerably since its inception.
Subsidiaries and Business Segments
1. CNA Financial Corporation
- Ownership: 90% owned subsidiary of Loews.
- Overview: CNA Financial Corporation is an insurance holding company that provides various property and casualty insurance products.
- Major Subsidiaries: Notably includes Continental Casualty Company and The Continental Insurance Company, both of which deliver a range of insurance solutions to businesses and individuals. CNA is expanding its reach internationally, serving clients with global business interests.
2. Lorillard, Inc.
- Ownership: Wholly owned subsidiary.
- Overview: Lorillard is a leading manufacturer of cigarettes and tobacco products. Its product line is highlighted by well-known brands including Newport, Kent, True, Maverick, and Old Gold.
- Market Position: Newport is noted as the second-largest cigarette brand in the U.S. and dominant in the menthol category, providing a significant portion of Lorillards revenue.
3. Loews Hotels Holding Corporation
- Ownership: Wholly owned subsidiary.
- Overview: Loews Hotels operates and manages a portfolio of hotels across the United States and Canada, known for high-quality service and unique accommodations.
- Current Portfolio: The subsidiary encompasses numerous hotels, emphasizing luxury and service quality. The hotel industry faces competition from various sources, including local hotels and major international chains.
4. Diamond Offshore Drilling, Inc.
- Ownership: 54% owned subsidiary.
- Overview: Diamond Offshore is a premier provider of offshore drilling services with a fleet of drilling rigs.
- Business Operations: It operates 45 offshore drilling rigs, primarily serving companies engaged in energy exploration and production.
- Market Dynamics: The company is influenced by global oil and gas prices and geopolitical factors affecting exploration and production efforts.
5. Texas Gas Transmission, LLC
- Ownership: Wholly owned subsidiary.
- Overview: Texas Gas operates a natural gas transmission pipeline network originating in the Gulf Coast region and extending through various states into the Midwest.
- Market Position: The pipeline system provides essential natural gas transportation services, competing with other interstate pipelines and various forms of energy.
6. Bulova Corporation
- Ownership: 97% owned subsidiary.
- Overview: Bulova is a well-known watch and clock manufacturer, producing a variety of timepieces that blend tradition and innovation.
- Product Range: The brand is recognized for its quality craftsmanship and stylish designs, targeting a wide range of consumers.
Competition Landscape
- Property and Casualty Insurance: The insurance industry is characterized by fierce competition with multiple players including stock and mutual insurance companies, as well as reinsurers. CNA needs to consistently innovate and enhance its offerings to remain competitive.
- Cigarette Manufacturing: Lorillard faces intense competition within the tobacco industry, with particular market pressures from rivals and strategic industry initiatives affecting market share.
- Hotel Industry: Loews Hotels competes against a robust mix of local and national hotel chains. The industry is largely driven by seasonal demand and economic conditions, requiring continuous investment in facilities and services to maintain competitiveness.
- Offshore Drilling Services: Diamond Offshore operates in a highly cyclical and competitive market influenced by commodity prices and geopolitical factors. Competitors include other offshore drilling companies vying for contracts.
- Natural Gas Transportation: Texas Gas competes with other pipeline operators primarily on price, reliability, and access to key gas supply areas. Regulatory dynamics, including FERC oversight, influence market competitiveness.
Recent Developments and Current Status
The business segments of Loews Corporation have shown resilience and adaptability in response to changing market conditions, regulatory environments, and consumer preferences. The company continues to explore opportunities for growth, including potential expansions and innovations in its various subsidiaries.
In recent years, Loews Corporation has focused on strategic investments and operational efficiencies to bolster its financial position and enhance shareholder value. Financial metrics, market performance, and strategic initiatives reflect the ongoing evolution of the corporation in key industries.
Conclusion
Loews Corporation, through its diverse business interests and strategic subsidiaries, remains a significant player in the insurance, hospitality, energy, and consumer goods markets. The company's commitment to enhancing operational efficiency and expanding its market presence will be vital for its continued success in an ever-evolving business landscape.
Company Address: 9 West 57th Street New York 10019 NY
Company Phone Number: 521-2000 Stock Exchange / Ticker: NYSE L
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Customers Net Income fell by |
L's Customers Net Profit Margin fell to |
-15.97 % |
7.7 %
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| Stock Performances by Major Competitors |
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| Loews Corp
Loews Corp Reports Strong Fiscal Period Earnings and Revenue Growth
In the most recent fiscal period, Loews Corp has once again demonstrated its strong financial performance, with its earnings per share (EPS) increasing by an impressive 27.33% to $2.05 per share. This growth is closely followed by a revenue increase of 11.842% to $4.23 billion, when compared to the same period in the prior year.
However, it is worth noting that although Loews Corp's revenue showed a remarkable increase, it fell short of the 15.15% growth achieved by the rest of the Property & Casualty Insurance sector in the same quarter a year ago.
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| Loews Corp
Loews Corp, a diversified holding company engaged in various industries, recently experienced a drop in its stock price by -1.34% over the course of the last five trading days. However, despite this setback, the company's year-to-date performance is still showing positive growth, with a gain of 3.31%.
One encouraging factor for investors is that Loews Corp's stock is steadily gaining momentum and is now only 3.2% away from reaching its 52-week high of $75.215. This suggests that there is significant potential for the stock to continue its upward trajectory.
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| Loews Corp
Loews Corp, a diversified holding company, has witnessed an upward trend in its stock performance over the past five trading days. The stock has improved by 0.8%, contributing to a year-to-date performance of 7.22% growth. Despite this positive trend, the stock is still 4.5% below its 52-week high.
Looking into the most recent fiscal period, Loews Corp experienced substantial growth in its earnings per share (EPS), which rose significantly by 107.41% to $1.12 per share. Revenue also showed a steady increment of 13.435% to reach $3.93 billion, compared to the previous year.
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| Loews Corp
Loews Corp., a diversified holding company with interests in the property and casualty insurance sector, reported favorable financial results for the second quarter of 2023. The company's revenue reached $3.93 billion, showing a substantial increase of 16.116% compared to the same period last year. Furthermore, revenue surged by 3.992% from the previous quarter.
The impressive performance was also reflected in the net profit per share, which experienced a significant advancement of 116.44% to reach $1.58. However, sequentially, the net profit per share witnessed a slight decrease of -1.86%. Despite this minor setback, Loews Corp. outperformed its peers in the property and casualty insurance sector with an average business gain of 35.96% compared to the second quarter of 2022.
In terms of net profits, Loews Corp. generated $388.000 million in the April to June 30, 2023 interval, representing a notable increase of 92.08% from the $202.000 million reported in the same period a year ago. The company also highlighted its improving profit margins, with the net margin rising to 9.86% in the mentioned interval and the operating margin edging up to 34.77%.
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| Loews Corp
There are several reasons to be bearish on Loews Corp based on their first quarter financials for 2023. Despite reporting growth in revenue and profitability, their return on average invested assets (ROI) of 1.54% is significantly below their average ROI of 2.76%. This is a cause for concern as it suggests that Loews Corp is not making the best use of the assets they have invested in and their overall financial performance may suffer as a result.
Additionally, within the financial sector, Loews Corp is far from being a top performer. In fact, 80 other companies achieved a higher ROI than Loews Corp, which is not a good sign. This indicates that Loews Corp is not competitive within their sector and may struggle to attract investors in the future.
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| Per Share |
Current |
| Earnings (TTM) |
6.84 $ |
| Revenues (TTM) |
75.28 $
|
| Cash Flow (TTM) |
0.03 $ |
| Cash |
24.31 $
|
| Book Value |
77.62 $
|
| Dividend (TTM) |
0.25 $ |
|
|
| Per Share |
|
| Earnings (TTM) |
6.84 $
|
| Revenues (TTM) |
75.28 $ |
| Cash Flow (TTM) |
0.03 $ |
| Cash |
24.31 $
|
| Book Value |
77.62 $ |
| Dividend (TTM) |
0.25 $ |
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| CNA Financial Non-insurance warranty |
|
 56.82 % |
of total Revenue |
| Boardwalk Pipelines Transportation and storage of natural gas and NGLs and other services |
|
65.68 % |
of total Revenue |
| Loews Hotels & Co Lodging and related services |
|
34.32 % |
of total Revenue |
|
|
3.85%