Loews Corporation (L) has displayed a varied performance over the recent period, with strong trading days contrasting occasional underperformance against competitors. Despite experiencing a momentary institutional investor loss of 3.9% in one week, the company's Q1 results revealed impressive double-digit growth in revenue and profit. This strong performance was maintained with notable gains in net income throughout the quarter, leading to a 22% rise in net income. However, company co-chair Jonathan Tisch sold a substantial $7.7 million in company stock. Clearbridge Investments and Intech Investment Management have adjusted their stakes in Loews, with Clearbridge buying and Intech cutting shares. Loews Corporation's strong returns on investment income were attributed to increased profit. An interesting comparison was made between Loews Corp and Berkshire Hathaway (BRK.B), discussing if Loews could represent a better investment. With 62% of shares owned by institutional owners, Loews Corporation is indicated to be a favorite amongst key players. Despite varied performance, the corporation's stock maintains steadiness. Loews corporation has recently broken ground on a new $550 million Arlington hotel and convention center. Finally, Andrew Tisch has decided to step down from Loews Corp's management, with Alex Tisch named as President of Loews Hotels & Co.
Loews Corporation L News Analytics from Tue, 02 Aug 2016 07:00:00 GMT to Thu, 30 May 2024 18:33:13 GMT -
Rating 2
- Innovation -3
- Information 8
- Rumor -4
