Last $43.55 USD
Change Today -0.04 / -0.09%
Volume 922.0K
L On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

loews corp (L) Snapshot

Open
$43.37
Previous Close
$43.59
Day High
$43.69
Day Low
$43.33
52 Week High
10/22/13 - $49.43
52 Week Low
08/8/14 - $41.57
Market Cap
16.6B
Average Volume 10 Days
1.1M
EPS TTM
$3.32
Shares Outstanding
381.1M
EX-Date
08/27/14
P/E TM
13.1x
Dividend
$0.25
Dividend Yield
0.57%
Current Stock Chart for LOEWS CORP (L)

loews corp (L) Details

Loews Corporation operates primarily as a commercial property and casualty insurance company. The company provides risk management, information, warranty, and claims administration services; management and professional liability insurance, and other specialized property and casualty coverage; commercial surety and fidelity bonds; and warranty and alternative risk services for vehicles. It also offers standard and excess property, marine, boiler, and machinery coverage; workers’ compensation, general and product liability, commercial auto, and umbrella coverage; loss-sensitive insurance programs; underwrites primarily short-tail exposures in marine and aviation, non-marine property, property treaty reinsurance, and specialty lines coverages; and group reinsurance and life settlement contracts. In addition, the company owns and operates 45 offshore drilling rigs for companies engaged in the exploration and production of hydrocarbons. Further, it is involved in the transportation and storage of natural gas and natural gas liquids (NGLs), and gathering and processing of natural gas. The company owns and operates natural gas pipelines covering approximately 14,195 miles of interconnected pipelines transporting approximately 2.4 trillion cubic feet of natural gas and approximately 7.5 million barrels of NGLs; and underground storage fields with aggregate working gas capacity of approximately 207.0 billion cubit feet of natural gas. Additionally, it is engaged in the exploration, production, and marketing of natural gas and oil, including condensate and NGLs in the Permian Basin in West Texas, as well as in the Mississippian Lime in Oklahoma. As of December 31, 2013, its net proved reserves included 719.3 billion cubic feet of natural gas equivalent. The company also owns and manages a chain of 17 hotels in the United States, as well as a hotel in Canada. Loews Corporation was founded in 1954 and is headquartered in New York, New York.

18,175 Employees
Last Reported Date: 02/24/14
Founded in 1954

loews corp (L) Top Compensated Officers

Chief Executive Officer, President, Member of...
Total Annual Compensation: $975.0K
Co-Chairman, Member of the Office of the Pres...
Total Annual Compensation: $975.0K
Co-Chairman, Member of the Office of the Pres...
Total Annual Compensation: $975.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $975.0K
Senior Advisor
Total Annual Compensation: $990.0K
Compensation as of Fiscal Year 2013.

loews corp (L) Key Developments

Loews Corporation Announces Quarterly Dividend on Common Stock, Payable September 12, 2014

Loews Corporation announced the declaration of the company's quarterly dividend of $0.0625 per share of Common Stock, payable September 12, 2014 to shareholders of record on August 29, 2014.

Loews Corporation Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Impairment Loss for the Second Quarter of 2014

Loews Corporation announced consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $3,607 million compared to $3,630 a year ago. Income before income tax was $560 million compared to $580 million a year ago. Income from continuing operations was $303 million, or $0.79 per share, compared to $261 million, or $0.67 per share, in the 2013 second quarter. Income from continuing operations increased primarily due to higher earnings at CNA and increased parent company investment income as a result of improved performance of the trading portfolio. These increases were partially offset by lower earnings at Diamond Offshore Drilling Inc. CNA's earnings were impacted by improved current accident year underwriting results substantially offset by unfavorable net prior year development. Additionally, CNA's earnings increased due to a curtailment gain of $50 million (after tax and non-controlling interests) related to the re-measurement of postretirement benefit obligations and improved results in the Life & Group Non-Core business. The 2013 results included a legal settlement benefit of $27 million (after tax and non-controlling interests). Net income attributable to the company was $116 million or $0.30 per diluted share compared to $269 million or $0.69 per diluted share a year ago. Net income decreased primarily due to the loss from discontinued operations attributable mainly to the impairment loss at HighMount, partially offset by the increase in income from continuing operations as discussed above. For the six months, the company reported revenues of $7,253 million compared to $7,229 a year ago. Income before income tax was $1,032 million compared to $1,198 million a year ago. Income from continuing operations was $568 million, or $1.47 per share, compared to $583 million, or $1.49 per share in the prior year period. Income from continuing operations decreased primarily due to lower earnings at Diamond Offshore and a $55 million charge (after tax and non-controlling interests) related to the write-off of all previously capitalized costs incurred by the Company and Boardwalk Pipeline for the proposed Bluegrass project. These decreases were partially offset by higher earnings at CNA and increased parent company investment income as a result of improved performance of the trading portfolio. CNA's earnings increased primarily due to the reasons discussed in three month comparison above, partially offset by lower net investment income as a result of reduced limited partnership income, and higher catastrophe losses. Net income attributable to the company was $175 million or $0.45 per diluted share compared to $511 million or $1.31 per diluted share a year ago. Net income decreased primarily due to the loss from discontinued operations attributable mainly to the impairment losses at HighMount and CNA as well as the decrease in income from continuing operations as discussed above. Book value per share was $51.85 against $49.36 a year ago. For the quarter, the company reported impairment loss of $167 million at HighMount Exploration & Production, LLC related to the excess carrying value over the estimated fair value, less costs to sell.

Loews Corporation to Report Q2, 2014 Results on Aug 04, 2014

Loews Corporation announced that they will report Q2, 2014 results at 11:00 AM, GMT Standard Time on Aug 04, 2014

 

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