Over the past year, Loews Corporation (NYSE:L) has realized an 8.7% return amidst a $2.3B decrease in market value. Nevertheless, institutional owners still hold 60% of the company, with a number of entities such as Ossiam and Canada Life Assurance Co. growing their stakes. Despite uncertainties outlined by analysts, the company's stock has recently hit an all-time high of $92.36. As for its financial performance, Loews' Q4 earnings took a hit due to pension charges. However, pipelines and buybacks offered a silver lining. Their recent report shows net income of $187M for Q4 of 2024 and $1,414M for the full year. Following significant stock sales by director emeritus Jonathan Tisch, Benjamin Tisch was appointed as CEO. Meanwhile, L's revenue and profit displayed double-digit growth in Q1. The company has also made significant developments in hospitality, with the Loews Arlington Hotel and Convention Center officially opening, and another $550 million hotel and convention center under construction. With these developments and its high institutional ownership, Loews Corporation (NYSE:L) shows potential.
Loews Corporation L News Analytics from Fri, 17 Apr 2015 07:00:00 GMT to Sat, 26 Apr 2025 17:21:18 GMT -
Rating 5
- Innovation -2
- Information 7
- Rumor -3
