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Loews Corporation - L STOCK NEWS

Welcome to our dedicated page for Loews Corporation news (Ticker: L), a resource for investors and traders seeking the latest updates and insights on Loews Corporation stock.

Loews Corporation (NYSE: L) stands as a multifaceted holding company with diverse business operations. Its primary subsidiaries include CNA Financial Corporation (NYSE: CNA), a prominent property and casualty insurance entity providing services such as risk management, information services, and claims administration. Another significant subsidiary, Diamond Offshore Drilling, Inc. (NYSE: DO), specializes in offshore oil and gas drilling rigs, catering to key players in the energy sector. Additionally, Loews owns Boardwalk Pipeline Partners, LP (NYSE: BWP), which excels in the transportation, storage, and processing of natural gas and natural gas liquids.

Furthermore, Loews Corporation wholly owns Loews Hotels & Resorts, a hospitality chain extending its reach across various strategic locations in the U.S. and beyond. The company champions a progressive, employee-centric work environment, fostering a culture where innovation and collaboration thrive.

In recent developments, Loews Corporation reported net income of $253 million for the third quarter of 2023, marking a substantial turnaround from a net loss in the same period of the previous year. This financial uplift is attributed to focused strategic initiatives and efficient operational management across its subsidiaries.

The company recently expanded its hospitality footprint with the opening of the Loews Arlington Hotel and Convention Center in Texas. This state-of-the-art facility features 888 guest rooms, extensive meeting spaces, and modern amenities, reinforcing Loews' commitment to excellence in the hospitality industry.

Loews Corporation invites stakeholders to stay informed about its continuous growth and financial health, consistently delivering valuable updates and insights through its official channels. Visit www.loews.com for more information.

News

Loews Corporation to Release First Quarter 2024 Results on May 6, 2024

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Loews (L) will release its first quarter 2024 financial results on May 6, 2024. The earnings remarks will include commentary from CEO James S. Tisch and CFO Jane Wang. Shareholders can submit questions in advance for management to address.
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Loews Arlington Hotel and Convention Center Officially Opens Its Doors

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Loews Hotels & Co opens the Loews Arlington Hotel and Convention Center, adding 888 rooms and 266,000 square feet of function space to Arlington's Entertainment District. The hotel offers state-of-the-art meeting facilities, world-class dining options, and resort-style amenities, aiming to attract sports enthusiasts, entertainment fans, and corporate groups. The property is strategically located between iconic sports stadiums, providing a unique hospitality experience in North Texas.
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LOEWS CORPORATION ANNOUNCES QUARTERLY DIVIDEND ON COMMON STOCK

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Loews Corporation (NYSE: L) has declared a quarterly dividend of $0.0625 per share of Common Stock, payable on March 5, 2024, to shareholders of record as of February 21, 2024. Loews is a diversified company with businesses in insurance, energy, hospitality, and packaging industries.
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LOEWS CORPORATION REPORTS NET INCOME OF $446 MILLION FOR THE FOURTH QUARTER OF 2023 AND $1.4 BILLION FOR THE FULL YEAR

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Loews Corporation (NYSE: L) reported strong fourth-quarter 2023 financial results, with a net income of $446 million, or $1.99 per share, representing a 26% increase over the same period in 2022. The parent company repurchased 14.0 million common shares for $852 million in 2023, while book value per share, excluding AOCI, increased 9% to $81.92 as of December 31, 2023, from $74.88 as of December 31, 2022. The CEO commented on the strong results, with each subsidiary producing robust performance. However, the PR also indicates a net loss of $14 million in Corporate & Other segment and a charge of $37 million related to the termination of a defined benefit plan. The CNA Financial Corporation's net income improved year-over-year due to higher net investment income and higher underwriting income, but there was an after-tax charge of $37 million related to the termination of a defined benefit plan in Corporate & Other.
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Loews Corporation to Release Fourth Quarter 2023 Results on February 5, 2024

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Loews Corporation (L) is set to release its fourth quarter 2023 financial results on February 5, 2024. Shareholders are invited to submit questions for management to address during the earnings remarks, which will be available on the company's website. The remarks will feature commentary from the CEO and CFO.
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LOEWS CORPORATION ANNOUNCES QUARTERLY DIVIDEND ON COMMON STOCK

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Loews Corporation (NYSE: L) declared a quarterly dividend of $0.0625 per share of Common Stock, payable on December 5, 2023, to shareholders of record as of November 22, 2023. The company operates in insurance, energy, hospitality, and packaging industries.
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LOEWS CORPORATION REPORTS NET INCOME OF $253 MILLION FOR THE THIRD QUARTER OF 2023

Rhea-AI Summary
Loews Corporation reported net income of $253 million, or $1.12 per share, in the third quarter of 2023 compared to a net loss of $22 million, or $0.09 per share, in the third quarter of 2022. CNA Financial Corporation's net income improved year-over-year due to higher net investment income, higher underwriting income, and a significantly lower unfavorable impact from the long-term care annual reserve reviews. Loews Corporation repurchased 1.9 million shares of its common stock for a total cost of $118 million through the end of the quarter and repurchased an additional 1.0 million shares for $64 million since September 30, 2023. Book value per share, excluding AOCI, increased to $79.92 as of September 30, 2023, from $74.88 as of December 31, 2022 due to repurchases of common shares and strong operating results during the year.
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Loews Corporation to Release Third Quarter 2023 Results on October 30, 2023

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Loews Corporation to report Q3 2023 financial results on October 30, 2023.
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Pickering Energy Partners Acted as Co-Manager to Diamond Offshore Drilling, Inc.

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Pickering Energy Partners acted as a Co-Manager on the $550M upsized private placement of senior secured second lien notes due 2030 for Diamond Offshore Drilling, Inc. (NYSE: DO).
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Loews Corporation Elects Jonathan Locker to Its Board of Directors

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Jonathan Locker elected as director of Loews Corporation and appointed to Audit Committee.
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FAQ

What is the current stock price of Loews Corporation (L)?

The current stock price of Loews Corporation (L) is $86.07 as of November 22, 2024.

What is the market cap of Loews Corporation (L)?

The market cap of Loews Corporation (L) is approximately 18.6B.

What are the primary subsidiaries of Loews Corporation?

The primary subsidiaries include CNA Financial Corporation, Diamond Offshore Drilling, Inc., and Boardwalk Pipeline Partners, LP.

What services does CNA Financial Corporation offer?

CNA Financial Corporation provides risk management, information services, and claims administration.

What is the role of Diamond Offshore Drilling, Inc.?

Diamond Offshore Drilling, Inc. operates offshore oil and gas drilling rigs.

What does Boardwalk Pipeline Partners specialize in?

Boardwalk Pipeline Partners specializes in the transportation, storage, and processing of natural gas and natural gas liquids.

What recent financial performance highlights were reported by Loews Corporation?

Loews reported net income of $253 million for Q3 2023, showing significant improvement from the previous year's net loss.

What new hospitality project has Loews Corporation launched?

Loews recently opened the Loews Arlington Hotel and Convention Center in Texas, offering 888 guest rooms and extensive meeting spaces.

Where can stakeholders find more information about Loews Corporation?

More information can be found on the official website at www.loews.com.

How does Loews Corporation engage with its employees?

Loews fosters a collaborative and progressive work environment, emphasizing innovation and employee development.

What industries does Loews Corporation operate in?

Loews operates in insurance, energy, hospitality, and packaging industries.

How can shareholders submit questions to Loews Corporation?

Shareholders can submit questions to cnugent@loews.com, and some may be addressed in the company's earnings remarks.

Stock L logo
Loews Corporation

NYSE:L

L Rankings

#589 Ranked by Market Cap
#2078 Ranked by Dividends

L Stock Data

18.60B
176.63M
18.58%
59.83%
0.71%
Insurance - Property & Casualty
Fire, Marine & Casualty Insurance
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United States of America
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