Loews Corporation
 (L)

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  • Yesterday, 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.
    | Yesterday, 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)
    • Press Release
    | 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
  • Jun. 25, 2015, 3:43 AM
    • Executive compensation is generally geared toward results, but some CEOs still got massive pay packages in 2014 even though their investors didn't do so well. Notables:
    • Philippe Dauman of Viacom (VIA, VIAB) +19.2% to $44.3M (shareholder return -6.6%)
    • Jeff Immelt of General Electric (NYSE:GE) +88.4% to $37.3M (shareholder return -6.7%)
    • James McNerney of Boeing (NYSE:BA) +24.1% to $28.9M (shareholder return -2.5%)
    • Virginia Rometty of IBM (NYSE:IBM) +38.5% to $19.3M (shareholder return -12.4%)
    • James Tisch of Loews (NYSE:L) +77.6% to $10.5M (shareholder return -12.4%)
    | Jun. 25, 2015, 3:43 AM | 61 Comments
  • May 12, 2015, 11:21 AM
    • Loews (NYSE:L) declares $0.0625/share quarterly dividend, in line with previous.
    • Forward yield 0.61%
    • Payable June 12; for shareholders of record June 1; ex-div May 28.
    | May 12, 2015, 11:21 AM
  • May 4, 2015, 8:27 AM
    | May 4, 2015, 8:27 AM
  • May 4, 2015, 6:03 AM
    • Loews (NYSE:L): Q1 EPS of $0.29 may not be comparable to consensus of $0.75.
    • Revenue of $3.48B (-5.7% Y/Y)
    | May 4, 2015, 6:03 AM
  • May 3, 2015, 5:30 PM
    | May 3, 2015, 5:30 PM | 3 Comments
Company Description
Loews Corp through its subsidiaries is engaged in commercial property & casualty insurance, operation of offshore oil & gas drilling rigs, production of natural gas and liquids, operation of interstate natural gas pipeline and operation of hotels.