Cna May Command Quite A Premium

Property and casualty insurer CNA Financial (CNA) and its parent, Loews (LTR), which owns 85% of CNA, have been sorry losers in this long bull market. CNA hit a low of 33 in February, before edging up to 38 13/16 on Mar 31. It's down from its 52-week high of 53. And Loews, at 74, is way off its high of 107. But hold on: It's not the time to give up on either--if whispers about a Loews restructuring are on the money.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.