Loews Corporation (L) - NYSE
  • 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
  • Feb. 17, 2015, 9:24 AM
    • The 158-room Mandarin will mark Loews (NYSE:L) Hotels & Resorts' entree into the San Francisco market. The deal is expected to close next month.
    | Feb. 17, 2015, 9:24 AM
  • Feb. 10, 2015, 12:48 PM
    • Loews (NYSE:L) declares $0.0625/share quarterly dividend, in line with previous.
    • Forward yield 0.61%
    • Payable March 13; for shareholders of record March 2; ex-div Feb. 26.
    | Feb. 10, 2015, 12:48 PM
  • Feb. 9, 2015, 8:16 AM
    • Q4 income from continuing operations of $215M or $0.57 per share vs. $248M and $0.64 one year ago. Book value excluding AOCI of $50.95 vs. $49.38. Friday's closing price of $40.74 puts the stock price of these masters of capital allocation at a a 20% discount to book.
    • CNA's earnings were impacted by a $49M charge related to a lump sum pension plan settlement. Diamond Offshore Drilling's earnings improved thanks to the absence of a prior year tax provision of $27M. Boardwalk Pipeline Partners' earnings improved thanks to absence of a $16M goodwill charge the previous year. Loews Hotels' earnings increased due to higher equity earnings from JV properties as a result of improved performance of the Universal Orlando properties.
    • Q4 buybacks of 5M shares for $207M. Full-year buybacks of 14.6M shares for $622M.
    • Conference call at 11 ET
    • Previously: Loews beats by $0.04 (Feb. 9)
    • L flat premarket
    | Feb. 9, 2015, 8:16 AM
  • Feb. 9, 2015, 6:02 AM
    • Loews (NYSE:L): Q4 EPS of $0.57 beats by $0.04.
    • Revenue of $3.53B (-6.4% Y/Y)
    | Feb. 9, 2015, 6:02 AM
  • Feb. 8, 2015, 5:30 PM
  • Dec. 8, 2014, 7:20 PM
    • With valuations at a decade low, oil execs such as Chesapeake Energy’s (NYSE:CHK) Archie Dunham and Ring Energy's (NYSEMKT:REI) Tim Rochford are driving the sector's biggest wave of insider buying since 2012, according to Bloomberg data.
    • Rochford and two other board members bought a total of more than 30K REI shares over the past month; the CEO says the company can stay profitable even should oil slip to $50/bbl.
    • “Most of these execs that are buying have been in the industry as long as I have, so they know how supply and demand works and they’re buying quality stocks,” says Dunham, who recently bought 500K CHK shares in his biggest purchase since joining the company’s board in 2012.
    • Loews Corp. (NYSE:L), which owns about half of Diamond Offshore (NYSE:DO), bought 1.18M DO shares in November and bought another ~410K shares last week.
    • Halcon Resources (NYSE:HK) and Goodrich Petroleum (NYSE:GDP) are among companies operating in the costliest U.S. shale-producing regions, but execs from those companies are buyers as well.
    | Dec. 8, 2014, 7:20 PM | 29 Comments
  • Nov. 11, 2014, 12:23 PM
    • Loews Corporation (NYSE:L) declares $0.0625/share quarterly dividend, in line with previous.
    • Forward yield 0.58%
    • Payable Dec. 12; for shareholders of record Nov. 28; ex-div Nov. 25.
    | Nov. 11, 2014, 12:23 PM
  • Nov. 3, 2014, 9:59 AM
    • Q3 income from continuing operations of $179M or $0.47 per share vs. $318M or $0.82 one year ago.
    • Income slips thanks to lower earnings at CNA (lower NII) and Diamond Offshore (lower rig utilization, $55M impairment loss). Earnings were higher at Boardwalk Pipeline Partners.
    • Book value per share excluding AOCI of $50.32 vs. $49.38 at start of year. Current price of $43.18 is a 14.2% discount to book. 5.1M shares repurchased during quarter for $220M. 9.6M shares repurchased YTD. The float as of September 30 is 377.9M shares. Another 4M shares bought back during October for $166M.
    • Conference call at 11 ET
    • Previously: Loews misses by $0.21
    • L -1%
    | Nov. 3, 2014, 9:59 AM
  • Nov. 3, 2014, 6:04 AM
    • Loews (NYSE:L): Q3 EPS of $0.47 misses by $0.21.
    • Revenue of $3.52B (-1.9% Y/Y)
    | Nov. 3, 2014, 6:04 AM
  • Nov. 2, 2014, 5:30 PM
  • Aug. 11, 2014, 11:54 AM
    • Loews (L +0.5%) agrees to sell HighMount Exploration & Production but does not disclose the buyer or the price.
    • Loews recorded a Q2 impairment of $167M tied to HighMount, according to the statement, a figure that may be adjusted based on the final sale price and transaction costs.
    • Loews purchased HighMount in 2007 for ~$4B but sustained low natural gas prices prompted the sale.
    • The divestiture helps narrow Loews’ focus to its luxury hotel operation and units such as insurer CNA Financial and Diamond Offshore Drilling (NYSE:DO).
    | Aug. 11, 2014, 11:54 AM
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