Loews Corporation (L) has had an eventful period with mixed results. Some investors have chosen to downsize their positions, such as
Axa S.A and
Ensign Peak Advisors Inc, while others including the
Canada Pension Plan Investment Board and the
WINTON GROUP Ltd have increased their stakes. The company's Q1 and Q2 earnings reflected growth, featuring a 22% rise in net income and 6% growth in EPS. However, the corporation's performance is described as 'muted', and despite some trading days showing strong performance, it is reportedly underperforming the financial services sector. The company is also undergoing executive transitions with the retirement of CEO James Tisch and Kenneth Siegel selling shares. Legal disputes, such as over the
Boardwalk Pipelines acquisition, have been favourably resolved. Other significant announcements include the decision to evaluate pension risk transfer and promotions in institutional ownership. Lastly,
Loews Hotels sees growth potential with new establishments such as the huge $550 Million Loews Arlington Hotel and Convention Center opening its doors.
Loews Corporation L News Analytics from Fri, 30 May 2014 07:00:00 GMT to Sun, 29 Sep 2024 21:28:31 GMT -
Rating 0
- Innovation 4
- Information 7
- Rumor -3
