Loews Corporation (L) - NYSE
  • Wed, May 18, 5:38 PM
    • Top gainers, as of 5.25 p.m.: AEO +13.3%. DRD +7.3%. ZIOP +6.4%. CSCO +6.3%. URBN +4.6%.
    • Top losers, as of 5.25p.m.: BLDR -3.9%. SDRL -3.7%. L -3.6%. RBS -3.4%. PVTB -2.6%.
    | Wed, May 18, 5:38 PM
  • Tue, May 10, 10:42 AM
    • Loews (NYSE:L) declares $0.0625/share quarterly dividend, in line with previous.
    • Forward yield 0.63%
    • Payable June 14; for shareholders of record June 1; ex-div May 27.
    | Tue, May 10, 10:42 AM
  • Mon, May 2, 7:57 AM
    • Q1 net income of $102M or $0.30 per share vs. $109M and $0.29 one year ago. Income this year was hurt by $17M of investment losses vs. investment gains of $8M a year ago. Book value per share (excl. AOCI) of $52.98 vs. $52.72.
    • CNA Financial income of $86M vs. 304M a year ago. Diamond Offshore of $83M vs. a loss of $287M. Boardwalk Pipeline of $99M vs. $77M. Loews Hotels of $9M vs. $10M.
    • 900K shares bought back during quarter for $33M, along with 300K shares of CNA Financial for $8M.
    • Conference call is at 11 ET
    • Previously: Loews misses by $0.22 (May 2)
    • L flat premarket
    | Mon, May 2, 7:57 AM
  • Mon, May 2, 6:10 AM
    | Mon, May 2, 6:10 AM
  • Sun, May 1, 5:30 PM
    | Sun, May 1, 5:30 PM | 5 Comments
  • Tue, Feb. 9, 11:51 AM
    • Loews Corporation (NYSE:L) declares $0.0625/share quarterly dividend, in line with previous.
    • Forward yield 0.69%
    • Payable March 14; for shareholders of record March 1; ex-div Feb. 26.
    | Tue, Feb. 9, 11:51 AM
  • Mon, Feb. 8, 6:05 AM
    • Loews (NYSE:L): Q4 EPS of -$0.58 may not be comparable to consensus of $0.78.
    • Revenue of $3.52B (+5.7% Y/Y)
    | Mon, Feb. 8, 6:05 AM
  • Sun, Feb. 7, 5:30 PM
    | Sun, Feb. 7, 5:30 PM | 10 Comments
  • Nov. 10, 2015, 12:51 PM
    • Loews (NYSE:L) declares $0.0625/share quarterly dividend, in line with previous.
    • Forward yield 0.66%
    • Payable Dec. 11; for shareholders of record Nov. 30; ex-div Nov. 25.
    | Nov. 10, 2015, 12:51 PM
  • Nov. 2, 2015, 11:19 AM
    • Q3 net income from continuing operations of $182M or $0.50 per share vs. $179M and $0.47 one year ago.
    • Diamond Offshore earnings of $47M up from $25M a year ago. Last year had a $55M impairment charge - excluding this, earnings declined amid lower rig utilization and increased depreciation and interest expense. Boardwalk Pipeline earnings of $18M up from $8M. CNA Financial earnings of $190M up from $164M; investment loss of $29M vs. a gain of $24M a year ago.
    • Book value per share (excl. AOCI) of $52.59 up from $50.32. Current price is $36.97.
    • 8.7M shares repurchased during quarter for total cost of $328M. 16.3M shares repurchased in nine months ended Sept. 30 for $633M. 3.3M shares bought back during October for $120M. The float is over 360M shares.
    • Conference call is underway
    • Previously: Loews misses by $0.09 (Nov. 2)
    • L +1.25%
    | Nov. 2, 2015, 11:19 AM
  • Nov. 2, 2015, 6:02 AM
    • Loews (NYSE:L): Q3 EPS of $0.50 misses by $0.09.
    • Revenue of $3.17B (-9.9% Y/Y)
    | Nov. 2, 2015, 6:02 AM
  • Nov. 1, 2015, 5:30 PM
    | Nov. 1, 2015, 5:30 PM | 12 Comments
  • Sep. 12, 2015, 10:50 AM
    • A self-proclaimed "kid in a candy store" in 2011, Lowes (NYSE:L) CIO Joe Rosenberg isn't as excited now as he was then, but he remains a long-term bull and sees a few particular pockets of value.
    • Source: Barron's
    • On oil, either OPEC and non-OPEC countries reach an agreement to cut production and the price spikes upward, or there isn't an agreement and the price collapses - wiping out a lot of production. Either way, the price moves higher, says Rosenberg, and energy stocks (XLE, OIH) have likely bottomed.
    • Rosenberg doesn't think the dividend gets cut at Chevron (NYSE:CVX), noting board members like John Stumpf were buyers of the stock at much higher levels. "The probability of them then agreeing to a dividend cut seems somewhat remote." A similar case can be made for Shell (RDS.A, RDS.B) or ExxonMobile (NYSE:XOM).
    • Catalysts for Johnson & Johnson (NYSE:JNJ) include a breakup into three companies, and better capital allocation - notably, getting far more aggressive with share repurchases. "JNJ could raise $50B in the bond market in a heartbeat and use that money to buy back stock." Don't rule out an activist investor if management doesn't get with it.
    • Ford (NYSE:F) and General Motors (NYSE:GM) are "incredibly cheap," says Rosenberg. The strong sales pace is sustainable because the average age of cars on the road in the U.S. is about 11 years - they need to be replaced. "The stocks are discounting a very bearish scenario."
    | Sep. 12, 2015, 10:50 AM | 87 Comments
  • Aug. 11, 2015, 12:47 PM
    • Loews (NYSE:L) declares $0.0625/share quarterly dividend, in line with previous.
    • Forward yield 0.64%
    • Payable Sept. 14; for shareholders of record Aug. 31; ex-div Aug. 27.
    | Aug. 11, 2015, 12:47 PM
  • Aug. 3, 2015, 6:02 AM
    • Loews (NYSE:L): Q1 EPS of $0.46 may not be comparable to consensus of $0.70.
    • Revenue of $3.43B (-4.5% Y/Y)
    | Aug. 3, 2015, 6:02 AM | 2 Comments
  • Aug. 2, 2015, 5:30 PM
    | Aug. 2, 2015, 5:30 PM | 2 Comments
Company Description
Loews Corp. is a diversified holding company. The company operates through its subsidiary, CNA Financial Corp., which operates in four segments: CNA Specialty, CNA Commercial, CNA International and Other Non-Core. The CNA Specialty segment provides a broad array of professional, financial and... More
Sector: Financial
Industry: Property & Casualty Insurance
Country: United States