Loews Corporation has recently reported a mixed financial performance for the third and fourth quarter of 2024. The company reported sizable
net income of $401 million for Q3, further bolstered by a 58% net income surge, backed by
CNA Financial and
Boardwalk Pipelines. Q4, however, experienced a fall in earnings that resulted in a stock dip, despite delivering double-digit growth in Q1 revenue and profit. Despite
pension charges impacting Q4 results, buybacks and pipelines offered a significant silver lining. In terms of ownership, institutions hold up to 60% of the company. In substantial stock related news, substantial share sales by insiders, including Director Jonathan M. Tisch and Richard Scott, have been noted. Nevertheless, several investment entities like Victory Capital Management Inc and Charles Schwab Investment Management Inc increased their holdings substantially. The company, valued by some as undervalued at $87, has also undergone a significant CEO transition with
James Tisch retiring and
Benjamin Tisch assuming the reins.
Loews Corporation L News Analytics from Thu, 20 Jul 2017 17:05:00 GMT to Sat, 15 Mar 2025 11:42:30 GMT -
Rating -3
- Innovation 0
- Information 5
- Rumor 1
