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Last $38.11 USD
Change Today -0.20 / -0.52%
Volume 1.3M
L On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

loews corp (L) Snapshot

Open
$38.31
Previous Close
$38.31
Day High
$38.45
Day Low
$38.07
52 Week High
09/3/14 - $43.89
52 Week Low
07/27/15 - $37.38
Market Cap
14.2B
Average Volume 10 Days
1.8M
EPS TTM
$2.78
Shares Outstanding
371.4M
EX-Date
05/28/15
P/E TM
13.7x
Dividend
$0.25
Dividend Yield
0.66%
Current Stock Chart for LOEWS CORP (L)

loews corp (L) Details

Loews Corporation, through its subsidiaries, operates as a commercial property and casualty insurance company primarily in the United States. The company offers management and professional liability insurance and risk management services, and other specialized property and casualty coverages; commercial surety and fidelity bonds; and warranty and alternative risk services primarily for vehicles and portable electronic communication devices. Its commercial’s property insurance products include standard and excess property, marine, and boiler and machinery coverages; and casualty insurance products comprise workers’ compensation, general and product liability, commercial auto, and umbrella coverages. The company also provides loss-sensitive insurance programs; and risk management, information, warranty, and claims administration services, as well as underwrites primarily short-tail exposures in marine and aviation, non-marine property, property treaty reinsurance, and specialty lines products. It markets its insurance products and services primarily through independent agents, brokers, and managing general underwriters to various customers. In addition, the company owns and operates 38 offshore drilling rigs consisting of 27 semisubmersible rigs, 6 jack-ups, and 5 drillships for companies engaged in the exploration and production of hydrocarbons. Further, it is involved in the transportation and storage of natural gas and natural gas liquids (NGLs), and gathering and processing of natural gas. It owns and operates natural gas pipelines covering approximately 14,190 miles of interconnected pipelines transporting approximately 2.5 trillion cubic feet of natural gas and approximately 34.4 million barrels of NGLs; and underground storage fields with aggregate working gas capacity of approximately 208.0 billion cubic feet of natural gas. Additionally, it operates 21 upper and upscale hotels. The company was founded in 1954 and is headquartered in New York, New York.

17,510 Employees
Last Reported Date: 02/24/15
Founded in 1954

loews corp (L) Top Compensated Officers

Chief Executive Officer, President, Member of...
Total Annual Compensation: $975.0K
Co-Chairman, Member of the Office of the Pres...
Total Annual Compensation: $975.0K
Co-Chairman, Member of the Office of the Pres...
Total Annual Compensation: $975.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $975.0K
Senior Vice President
Total Annual Compensation: $975.0K
Compensation as of Fiscal Year 2014.

loews corp (L) Key Developments

Loews Corporation Announces Quarterly Dividend on Common Stock, Payable June 12, 2015

Loews Corporation announced the declaration of the company's quarterly dividend of $0.0625 per share of Common Stock, payable June 12, 2015 to shareholders of record on June 1, 2015.

Loews Corporation Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Loews Corporation reported consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, total revenue was $3,478 million against $3,688 million a year ago. Income before income tax was $105 million against $514 million a year ago. Income from continuing operation was $49 million compared with $411 million a year ago. Net income attributable to the company was $109 million or $0.29 per diluted share against $59 million or $0.15 per diluted share a year ago. Book value per share increased to $51.18 at March 31, 2015 from $50.95 at December 31, 2014 and $49.43 at March 31, 2014.

Loews Mulls Acquisitions

Loews Corporation (NYSE:L) intends to make acquisitions. The company has over past six months invested approximately $300 million to finance hotel acquisitions. Loews Hotels, Inc. intends to use it going forward to acquire additional hotels. Loews Corporation expects there will be opportunities to acquire good assets at attractive prices.

 

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Industry Analysis

L

Industry Average

Valuation L Industry Range
Price/Earnings 17.9x
Price/Sales 1.0x
Price/Book 0.7x
Price/Cash Flow 22.1x
TEV/Sales NM Not Meaningful
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