Loews Corporation (NYSE:L) highlights a substantial majority of shares (60%) held by institutional owners. The company has put up an impressive show, outperforming competitors consistently on trading days. There have been significant changes to holdings, International Assets Investment Management LLC and AustralianSuper Pty Ltd among those raising stakes, while State of Alaska Department of Revenue and Truist Financial Corp are countering by selling. Loews is slated to release Q3 2024 results on November 4, 2024. A shift in executive leadership reveals current CEO, James Tisch, will retire after 25 years, succeeded by Benjamin Tisch. Despite market underperformance on some trading days, the stock continues with an 81 RS rating, indicating good market leadership. Loews has pleased investors, as underscored by a solid 70% return over the past five years. Bolstering their position, a Delaware court recently cleared Loews in a case regarding Boardwalk Pipeline acquisitions. Q2 earnings have risen year-over-year, backed by insurance and energy sectors. Furthermore, Loews has been aligning pension risk transfer strategies. Despite insiders like Kenneth Siegel and an executive selling shares (the latter exceeding $21 million), the stock remains attractive, boasting a high institutional ownership.
Loews Corporation L News Analytics from Sat, 25 Mar 2017 19:36:51 GMT to Sat, 02 Nov 2024 07:44:02 GMT -
Rating 6
- Innovation 2
- Information 8
- Rumor -4
