Loews Corporation (NYSE:L), the American conglomerate, has been steadily gaining traction with shifts in its portfolio. Mixed reports show that while the Illinois Municipal Retirement Fund and SG Americas Securities boosted their stocks in Loews, other institutions like Allspring Global Investments and Kentucky Retirement Systems Insurance Trust Fund have decreased their holdings. In their Q1 2025 financial report, Loews posted a
net income of $370 million, despite predictions of mixed results amid continued share repurchases. The corporation, with 61% owned by institutional owners, also witnessed its value hike as its stock reached an all-time high at $92.36. In a leadership shuffle,
Loews announced the retirement plans of their Senior VP and ushered in the Tisch family's third generation of CEOs with Benjamin Tisch taking the reins. Predictions surrounding the future of Loews stock remain uncertain with Wall Street analysts divided on its trajectory. Other milestones include Loews' Q2 earnings per share increase by 6% on higher revenues and the corporation's annual shareholder meeting hosted on May 13. Loews still suffers from weaknesses in offshore drilling and instabilities resulting from the considerable sale of stocks by insiders, corporate entities, and individual shareholders.
Loews Corporation L News Analytics from Tue, 02 Aug 2016 07:00:00 GMT to Sat, 28 Jun 2025 13:02:44 GMT -
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