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.
Loews (NYSE: L) announced its quarterly dividend of $0.0625 per share of Common Stock.
The dividend will be payable on June 11, 2024, to shareholders of record as of May 29, 2024.
Loews operates in the insurance, energy, hospitality, and packaging sectors.
Loews reported net income of $457 million for the first quarter of 2024, representing a 22% increase over the same period last year. Key highlights include improvements in CNA Financial 's net income, Boardwalk Pipelines' results, and parent company investment returns. Book value per share increased to $83.68 as of March 31, 2024. The company also repurchased 0.9 million shares of its common stock for $67 million since December 31, 2023.
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