Loews Corporation (NYSE:L) has been seeing improved relative strength and strong quarterly earnings that has led to a boost in net income. Despite a selloff of shares by multiple institutions and even corporate insiders, others such as Swedbank AB and Foundation Resource Management Inc. have increased their stakes in the company. The corporation's internal changes include a CEO transition with Benjamin Tisch succeeding James Tisch. Benjamin's appointment has been regarded as strategic for the company. On the other side, Loews' stock performance fluctuated and it underperformed compared to competitors on various days, but it still showed positive signs overall. Loews seems to be majorly controlled by institutional owners with over 60% share in the company. Their five-year total returns also outpaced underlying earnings growth proving a profitable investment for those who invested five years ago. Loews has also been making large scale developments in the hotel sector, with significant investment in new properties. In addition, Loews has won a significant legal victory over a sizeable damages award to a hedge fund.
Loews Corporation L News Analytics from Tue, 11 Apr 2017 07:00:00 GMT to Fri, 31 Jan 2025 10:07:42 GMT -
Rating 3
- Innovation -5
- Information 8
- Rumor -7
