Loews (L -5.2%) tumbled today after the insurance company posted a decline in quarterly profit,...

|About: Loews Corporation (L)|By:, SA News Editor

Loews (L -5.2%) tumbled today after the insurance company posted a decline in quarterly profit, hurt by impairment charges at 50%-owned Diamond Offshore (DO +0.7%), but Barron's views the dip in shares as a buying opportunity. The charges shouldn't come as a surprise, as oil companies have endured the shaky global growth and lower pricing in the past quarter.