Loews Corporation (L) demonstrates mixed performance amid executive changes and steady financial gains. Their
net Q1 income reached $370 million, however, profits fell due to increased catastrophic losses. Despite these challenges, there were
continued share repurchases, maintaining
strong fundamentals which led to a
166% return for investors over the last five years. In notable internal changes, the
Chief Investment Officer announced his retirement, and subsequently the
CEO James Tisch decided to retire and his son
Benjamin Tisch was announced as his replacement. While
B. Tisch was given a compensation package upon his appointment, the corporation also announced a
new executive compensation structure.
Loews stock reached an all-time high of $92.36, though market performance varied.
Loews Hotels & Co. made significant progress by topping off the Loews Arlington Hotel and Convention Center, valued at $550 million, causing a positive influence on their stocks.
Loews Corp has diverse holdings and although a board director resigned, reducing the board to ten, it recently announced a quarterly dividend payable in June, keeping the amount constant. Institutional ownership stands at a strong 61% of the company.
Loews Corporation L News Analytics from Fri, 17 Apr 2015 07:00:00 GMT to Sat, 21 Jun 2025 16:44:43 GMT -
