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Loews Corp  (L)
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Price: $76.9700 $0.00 0.000%
Day's High: $77.56 Week Perf: 1 %
Day's Low: $ 76.66 30 Day Perf: 2.33 %
Volume (M): 942 52 Wk High: $ 77.56
Volume (M$): $ 72,506 52 Wk Avg: $64.34
Open: $76.97 52 Wk Low: $52.85



 Market Capitalization (Millions $) 17,548
 Shares Outstanding (Millions) 228
 Employees 10,340
 Revenues (TTM) (Millions $) 15,901
 Net Income (TTM) (Millions $) 1,545
 Cash Flow (TTM) (Millions $) -133
 Capital Exp. (TTM) (Millions $) 686

Loews Corp
Loews Corporation is a holding company. Its subsidiaries are engaged in the following lines of business: property and casualty insurance (CNA Financial Corporation, a 90% owned subsidiary); the production and sale of cigarettes (Lorillard, Inc., a wholly owned subsidiary); the operation of hotels (Loews Hotels Holding Corporation, a wholly owned subsidiary); the operation of offshore oil and gas drilling rigs (Diamond Offshore Drilling, Inc., a 54% owned subsidiary); the operation of an interstate natural gas transmission pipeline system (Texas Gas Transmission, LLC, a wholly owned subsidiary), and the distribution and sale of watches and clocks (Bulova Corporation, a 97% owned subsidiary).


CNA FINANCIAL CORPORATION

CNA Financial Corporation (together with its subsidiaries, "CNA") was incorporated in 1967 and is an insurance holding company whose primary subsidiaries consist of property and casualty insurance companies. CNAs property and casualty insurance operations are conducted by Continental Casualty Company ("CCC"), incorporated in 1897, and its affiliates, and The Continental Insurance Company ("CIC"), organized in 1853, and its affiliates. CNAs principal market is the United States with a continued focus on expanding globally to serve those with growing worldwide interests.

LORILLARD, INC.

The Companys wholly owned subsidiary, Lorillard, Inc. ("Lorillard"), is engaged, through its subsidiaries, in the production and sale of cigarettes. The principal cigarette brand names of Lorillard are Newport, Kent, True, Maverick and Old Gold. Lorillards largest selling brand is Newport, the second largest selling cigarette brand in the United States and the largest selling brand in the menthol segment of the U.S. cigarette market

LOEWS HOTELS HOLDING CORPORATION

The subsidiaries of Loews Hotels Holding Corporation ("Loews Hotels"), a wholly owned subsidiary of the Company, presently operate the following 20 hotels.

DIAMOND OFFSHORE DRILLING, INC.

Diamond Offshore Drilling Inc. ("Diamond Offshore"), is engaged, through its subsidiaries, in the business of owning and operating drilling rigs that are used primarily in the drilling of offshore oil and gas wells on a contract basis for companies engaged in exploration and production of hydrocarbons. Diamond Offshore operates 45 offshore rigs.

TEXAS GAS TRANSMISSION, LLC

Texas Gas owns and operates a natural gas pipeline system originating in the Louisiana Gulf Coast area and in East Texas and running north and east through Louisiana, Arkansas, Mississippi, Tennessee, Kentucky, Indiana and into Ohio, with smaller diameter lines extending into Illinois. Texas Gass direct market area encompasses eight states in the South and Midwest, and includes the Memphis, Tennessee; Louisville, Kentucky; Cincinnati, Ohio; and the Evansville and Indianapolis, Indiana metropolitan areas. Texas Gas also has indirect market access to the Northeast through interconnections with unaffiliated pipelines.

Competition: The property and casualty and life and health insurance industries are highly competitive both as to rate and service. CNAs consolidated property and casualty subsidiaries compete not only with other stock insurance companies, but also with mutual insurance companies, reinsurance companies and other entities for both producers and customers. CNA must continuously allocate resources to refine and improve its insurance and reinsurance products and services.

Lorillard believes its ability to compete even more effectively has been restrained by the Philip Morris Retail Leaders program and could further be restrained by the proposed combination of RJR and B&W.

Competition from other hotels, motor hotels and inns, including facilities owned by local interests and by national and international chains, is vigorous in all areas in which Loews Hotels operates. The demand for hotel rooms in many areas is seasonal and dependent on general and local economic conditions. Loews Hotels properties also compete with facilities offering similar services in locations other than those in which its hotels are located. Competition among luxury hotels is based primarily on location and service. Competition among resort and commercial hotels is based on price as well as location and service. Because of the competitive nature of the industry, hotels must continually make expenditures for updating, refurnishing and repairs and maintenance, in order to prevent competitive obsolescence.


Competition: The contract drilling industry is highly competitive and is influenced by a number of factors, including the current and anticipated prices of oil and natural gas, the expenditures by oil and gas companies for exploration and development of oil and natural gas and the availability of drilling rigs. In addition, demand for drilling services remains dependent on a variety of political and economic factors beyond Diamond Offshores control, including worldwide demand for oil and natural gas, the ability of the Organization of Petroleum Exporting Countries ("OPEC") to set and maintain production levels and pricing, the level of production of non-OPEC countries and the policies of the various governments regarding exploration and development of their oil and natural gas reserves.


Competition: Texas Gas competes primarily with other interstate pipelines in the transportation of natural gas, and natural gas competes with other forms of energy available to Texas Gass customers, including electricity, coal, and fuel oils. The principal elements of competition among pipelines are rates, terms of service, access to supply basins, and flexibility and reliability of service. In addition, the FERCs continuing efforts to increase competition in the natural gas industry are having the effect of increasing the natural gas transportation options of Texas Gass traditional customer base. As a result, segmentation and capacity release have created an active secondary market, which is increasingly competitive with Texas Gas.



   Company Address: 9 West 57th Street New York 10019 NY
   Company Phone Number: 521-2000   Stock Exchange / Ticker: NYSE L
   


Customers Net Income fell by L's Customers Net Profit Margin fell to

-14.18 %

5.19 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AIG   -0.72%    
EG        1.18% 
HIG        0.72% 
MKL        0.74% 
PGR        3.75% 
TRV        0.66% 
• View Complete Report
   



Loews Corp

Impressive 12.259% Revenue Growth Achieved by Company, Fueling Success in the Fourth Quarter of 2023

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.

Loews Corp

Loews Corp Demonstrates Impressive Performance During Recent Fiscal Period, with Stellar Behavior by L Throughout2.

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.

Loews Corp

Loews Corp Surges Ahead with Double-Digit Revenue Growth in Q2 2023, Outshines Industry Peers

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%.

Loews Corp

Double Digit Earnings per Share growth by 18.38 % at L all along the financial first quarter of 2023

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.






 

Loews's Segments
 
Commercial
 Segment     of total Revenue
Specialty Lines
 Segment     of total Revenue
International
 Segment     of total Revenue
Other Insurance
 Segment     of total Revenue
Total CNA Financial
 Segment     of total Revenue
Corporate & Other
 Segment     of total Revenue
Loews Hotels
 Segment     of total Revenue
Diamond Offshore
 Segment     of total Revenue
Texas Gas
 Segment     of total Revenue
 
• View Complete Report




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