Loews Corporation (NYSE:L) reports significant activity from institutional owners, who now
hold 60% of the company. They also recently experienced a
net income surge of 58% in Q3 2024, backed by CNA Financial and Boardwalk Pipelines. Further emphasizing its growth, the firm's stock hit an all-time high at
$86.97, and shareholders have seen returns that outpace underlying earnings growth over the past five years. Loews' CEO transition has also recently been announced:
James Tisch will retire, and
Benjamin Tisch will take the reins. Various investment groups such as Guidance Capital, Optas, Mediolanum International Funds, and Brewster Financial Planning have acquired new holdings or increased their stake further in the Company. In the meantime, certain insiders have sold portions of their Loews shares. Other achievements include winning an
appeal over a $690 million damages award to a hedge fund and opening new hotel and convention centres. The growth of Loews has been steady: a $1,000 investment five years ago would now amount to $1,750.
Loews Corporation L News Analytics from Mon, 04 Mar 2013 08:00:00 GMT to Sat, 08 Feb 2025 14:06:52 GMT -
Rating 8
- Innovation 6
- Information 6
- Rumor -5
