Loews Corporation (L) has lately been making waves within the investment community. The company's stock reached a new
12-month high as it reported first-quarter
net income of $370 million, reflecting a solid financial performance. This has not gone unnoticed, with shares soaring 1.15% on this news. However, the firm's affiliate, CNA, raises some concerns that might affect the potential upside for the moment. Furthermore, a series of stock sales by Loews insiders selling US$100m worth of stock may be indicative of potential caution among company insiders regarding its future performance. Notably, a number of major financial institutions have trimmed their holdings in Loews, including
Bank of New York Mellon Corp,
Principal Financial Group Inc., and
KBC Group NV. Yet, despite these sales, some investors continue to see value in Loews Corporation, as Robeco Institutional Asset Management B.V. increased its stake and Loews also reported splendid returns of 166% over the last five years. In terms of executive changes, Loews recently announced the retirements of its Senior VP and executive chairman at a subsidiary. Meanwhile, Alex Tisch has been appointed as the new CEO of Loews Hotels & Co.
Loews Corporation L News Analytics from Thu, 20 Jul 2017 17:05:00 GMT to Fri, 11 Jul 2025 19:11:00 GMT -
Rating 2
- Innovation 4
- Information 6
- Rumor -4
