Market Summary
USD61.80-0.50
Market Closed-0.80%
L Alerts
L Stock Price
L RSI Chart
L Valuation
L Price/Sales (Trailing)
L Profitability
L Fundamentals
L Revenue
L Earnings
Price Action
52 Week Range
50.6865.39
(Low)(High)
Last 7 days
-3.7%
Last 90 days
4.3%
Trailing 12 Months
25%
L Financial Health
L Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for L
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-01 | BOWER JOSEPH L | acquired | 105,728 | 46.99 | 2,250 | - |
2023-09-01 | HARRIS WALTER L | back to issuer | -105,698 | 62.58 | -1,689 | - |
2023-09-01 | HARRIS WALTER L | acquired | 105,728 | 46.99 | 2,250 | - |
2023-09-01 | DIKER CHARLES M | sold | -35,096 | 62.56 | -561 | - |
2023-09-01 | BOWER JOSEPH L | sold | -17,579 | 62.56 | -281 | - |
2023-09-01 | DIKER CHARLES M | acquired | 105,728 | 46.99 | 2,250 | - |
2023-09-01 | BERMAN ANN E | acquired | 105,728 | 46.99 | 2,250 | - |
2023-09-01 | BERMAN ANN E | sold | -35,096 | 62.56 | -561 | - |
2023-09-01 | FRIBOURG PAUL J | back to issuer | -105,698 | 62.58 | -1,689 | - |
2023-09-01 | BERMAN ANN E | back to issuer | -105,698 | 62.58 | -1,689 | - |
Which funds bought or sold L recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-20 | BARCLAYS PLC | added | 24.4 | 5,459,000 | 25,423,000 | 0.02% |
2023-09-12 | Farther Finance Advisors, LLC | added | 1.52 | 597 | 15,914 | -% |
2023-08-28 | DT Investment Partners, LLC | unchanged | - | 266 | 5,919 | -% |
2023-08-25 | EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC | added | 0.82 | 598,000 | 19,351,000 | 2.67% |
2023-08-24 | Alberta Investment Management Corp | sold off | -100 | -306,810 | - | -% |
2023-08-22 | US Asset Management LLC | reduced | -5.88 | -17,000 | 442,000 | 0.47% |
2023-08-22 | COMERICA BANK | new | - | - | - | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -2.94 | -7,000 | 1,042,000 | 0.01% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -2.51 | 36,625 | 2,369,340 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -1.07 | 265,145 | 21,572,900 | 0.03% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
L Alerts
Schedule 13G FIlings of Loews
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Apr 10, 2023 | vanguard group inc | 10.04% | 23,190,409 | SC 13G/A | |
| Feb 14, 2023 | price t rowe associates inc /md/ | 3.9% | 9,235,767 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 9.79% | 23,239,593 | SC 13G/A | |
| Feb 01, 2023 | blackrock inc. | 6.1% | 14,579,703 | SC 13G/A | |
| Jan 23, 2023 | jpmorgan chase & co | 6.2% | 14,760,691 | SC 13G/A | |
| Sep 16, 2022 | tisch james s | 7.1% | 16,956,901 | SC 13D/A | |
| Feb 14, 2022 | price t rowe associates inc /md/ | 7.6% | 19,515,531 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 9.00% | 22,823,409 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 5.8% | 14,619,153 | SC 13G/A | |
| Jan 12, 2022 | jpmorgan chase & co | 6.5% | 16,617,210 | SC 13G/A |
Recent SEC filings of Loews
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 19, 2023 | 3 | Insider Trading | |
| Sep 19, 2023 | 4 | Insider Trading | |
| Sep 19, 2023 | 8-K | Current Report | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 01, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 01, 2023 | 144 | Notice of Insider Sale Intent |
L Fair Value
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Peers (Alternatives to Loews)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
PGR | 81.3B | 55.3B | 2.58% | 19.59% | 46.61 | 1.47 | 11.39% | 104.72% |
AIG | 43.6B | 50.4B | 1.37% | 27.97% | 9.68 | 0.86 | -9.25% | -63.51% |
ALL | 29.1B | 54.6B | 0.32% | -9.75% | -10.86 | 0.53 | 9.14% | -383.17% |
AFG | 9.3B | 7.5B | -6.50% | -5.67% | 10.94 | 1.25 | 12.86% | -17.26% |
HIG | - | 23.6B | -2.21% | 14.35% | - | - | 5.78% | -4.19% |
TRV | 37.1B | 38.7B | -0.02% | 7.01% | 16.63 | 0.96 | 8.33% | -37.32% |
RE | 25.2B | 13.3B | 0.67% | 24.34% | 20.79 | 1.9 | 12.64% | 55.58% |
| MID-CAP | ||||||||
ESGR | 3.9B | 1.3B | -5.95% | 42.73% | 14.06 | 3 | 41.34% | 137.60% |
RNR | 10.1B | 7.4B | 4.18% | 40.72% | 24.47 | 1.36 | 62.27% | 144.80% |
| SMALL-CAP | ||||||||
PLMR | 1.2B | 348.9M | -4.49% | -40.60% | 21.29 | 3.53 | 16.85% | 25.90% |
HMN | 1.2B | 1.4B | -0.58% | -17.82% | -110.9 | 0.86 | 3.44% | -114.81% |
PRA | 983.2M | 1.1B | 1.05% | -6.36% | 106.06 | 0.87 | -2.53% | -76.30% |
JRVR | 572.2M | 901.0M | -1.04% | -33.32% | 12.33 | 0.64 | 14.76% | 164.17% |
Loews News
Returns for L
Cumulative Returns on L
3.3%
10-Year Cumulative Returns
6.6%
7-Year Cumulative Returns
4.8%
5-Year Cumulative Returns
20.9%
3-Year Cumulative Returns
Risks for L
What is the probability of a big loss on L?
35.8%
Probability that Loews stock will be more than 20% underwater in next one year
19.6%
Probability that Loews stock will be more than 30% underwater in next one year.
18.5%
Probability that Loews stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does L drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Loews was unfortunately bought at previous high price.
Drawdowns
Financials for Loews
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 3.8% | 14,971 | 14,425 | 14,044 | 13,912 | 13,822 | 14,437 | 14,657 | 14,705 | 14,799 | 13,106 | 12,583 | 12,750 | 12,960 | 14,273 | 14,931 | 14,342 | 14,275 | 14,242 | 14,066 | 14,334 | 14,247 |
| EBITDA | -100.0% | - | 2,324 | 2,268 | - | 1,869 | 3,147 | 3,121 | - | - | 1,233 | -276 | -247 | -363 | 1,027 | 2,653 | 2,116 | 2,412 | 2,423 | - | - | - |
| EBITDA Margin | -100.0% | - | 0.16* | 0.16* | - | 0.25* | 0.22* | 0.21* | - | - | 0.09* | -0.02* | -0.02* | -0.03* | 0.07* | 0.18* | 0.15* | 0.17* | 0.17* | - | - | - |
| Interest Expenses | -1.3% | 372 | 377 | 378 | 384 | 391 | 395 | 424 | 435 | 473 | 496 | 515 | 546 | 553 | 594 | 591 | 593 | 595 | 574 | 574 | 572 | 649 |
| Earnings Before Taxes | 19.2% | 1,693 | 1,420 | 1,381 | 1,323 | 1,437 | 2,214 | 2,182 | 2,271 | 2,150 | 64.00 | -1,464 | -1,736 | -1,859 | -510 | 1,119 | 611 | 905 | 937 | 834 | 1,527 | 1,437 |
| EBT Margin | -100.0% | - | 0.10* | 0.10* | 0.10* | 0.20* | 0.15* | 0.15* | 0.15* | 0.15* | 0.00* | -0.12* | -0.14* | -0.14* | -0.04* | 0.07* | - | - | - | - | - | - |
| Net Income | 18.6% | 1,229 | 1,036 | 1,012 | 962 | 1,052 | 1,639 | 1,578 | 1,632 | 1,551 | -38.00 | -931 | -1,111 | -1,178 | -94.00 | 932 | 550 | 756 | 737 | 636 | 1,282 | 1,161 |
| Net Income Margin | -100.0% | - | 0.07* | 0.07* | 0.07* | 0.15* | 0.11* | 0.11* | 0.11* | 0.10* | 0.00* | -0.07* | -0.09* | -0.09* | -0.01* | 0.06* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 2,912 | 2,654 | 3,047 | 2,915 | 2,396 | 2,141 | 1,677 | 1,395 | 986 | 1,035 | 879 | 731 | 938 | 700 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 1.0% | 77,347 | 76,560 | 75,567 | 75,111 | 77,071 | 79,144 | 81,626 | 81,726 | 81,608 | 80,005 | 80,236 | 79,464 | 78,439 | 79,254 | 82,243 | 82,499 | 82,277 | 80,449 | 78,316 | 78,725 | 80,732 |
| Cash Equivalents | -22.1% | 463 | 594 | 532 | 886 | 951 | 798 | 621 | 811 | 578 | 660 | 478 | 886 | 668 | 939 | 336 | 442 | 440 | 339 | 405 | 571 | 453 |
| Net PPE | 2.3% | 10,328 | 10,098 | 10,027 | 9,949 | 9,962 | 9,896 | 9,888 | 9,878 | 9,847 | 9,921 | 10,451 | 10,468 | 10,475 | 14,751 | 15,568 | 15,561 | 15,513 | 15,407 | 15,511 | 15,467 | 15,471 |
| Goodwill | 0.3% | 347 | 346 | 346 | 344 | 346 | 348 | 349 | 349 | 350 | 349 | 785 | 765 | 764 | 763 | 767 | 772 | 768 | 682 | 665 | 657 | 658 |
| Liabilities | 1.0% | 61,877 | 61,246 | 60,366 | 60,458 | 60,850 | 61,449 | 62,451 | 62,596 | 62,210 | 61,468 | 61,055 | 60,844 | 60,026 | 60,076 | 60,313 | 60,241 | 59,883 | 58,547 | 56,930 | 56,839 | 58,874 |
| Short Term Borrowings | - | - | - | - | - | - | - | - | 187 | 122 | 141 | 37.00 | 35.00 | 47.00 | 2,460 | 77.00 | - | - | - | - | - | - |
| Long Term Debt | -0.7% | 8,094 | 8,150 | 8,165 | 8,475 | 8,443 | 8,883 | 8,986 | 8,925 | 8,988 | 8,996 | 10,072 | 10,373 | 9,958 | 9,508 | 11,456 | 11,395 | 11,456 | 11,229 | 11,359 | 11,311 | 11,290 |
| Shareholder's Equity | -4.6% | 14,603 | 15,314 | 14,349 | 13,846 | 15,714 | 16,576 | 17,471 | 19,130 | 19,398 | 18,537 | 19,181 | 18,620 | 18,413 | 19,178 | 21,930 | 22,258 | 22,394 | 21,902 | 21,386 | 21,886 | 21,858 |
| Retained Earnings | 2.2% | 15,637 | 15,293 | 14,931 | 15,377 | 15,261 | 15,097 | 14,776 | 15,336 | 15,132 | 14,394 | 14,150 | 14,437 | 14,316 | 15,167 | 15,823 | 16,427 | 16,374 | 16,144 | 15,773 | 16,790 | 16,532 |
| Additional Paid-In Capital | 0.4% | 2,728 | 2,716 | 2,748 | 2,886 | 2,869 | 2,859 | 2,885 | 3,120 | 3,121 | 3,119 | 3,133 | 3,379 | 3,371 | 3,347 | 3,374 | 3,620 | 3,612 | 3,607 | 3,627 | 3,813 | 3,809 |
| Shares Outstanding | -2.4% | 228 | 233 | - | 240 | 245 | 248 | - | 257 | 263 | 267 | - | 279 | 281 | 287 | - | 302 | 304 | 310 | - | 316 | 319 |
| Minority Interest | 0.5% | 867 | 863 | 852 | 807 | 985 | 1,120 | 1,329 | 1,313 | 1,315 | 1,267 | 1,321 | 1,248 | 1,209 | 2,212 | 2,811 | 2,838 | 2,880 | 2,865 | 2,868 | 2,934 | 2,947 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 11.4% | 4,021 | 3,610 | 3,314 | 3,639 | 3,526 | 2,912 | 2,623 | 2,130 | 1,848 | 1,550 | 1,745 | 1,761 | 1,707 | 1,989 | 1,741 | 2,098 | 2,545 | 3,790 | 4,222 | 4,175 | 3,510 |
| Cashflow From Investing | -32.0% | -3,028 | -2,294 | -2,347 | -2,542 | -2,066 | -1,680 | -1,187 | -730 | -996 | -1,535 | -1,414 | -1,295 | -1,040 | -544 | -671 | -1,211 | -163 | -1,200 | -1,444 | -1,285 | -2,338 |
| Cashflow From Financing | 1.8% | -1,478 | -1,505 | -1,037 | -997 | -1,070 | -1,087 | -1,289 | -1,478 | -957 | -312 | -198 | -30.00 | -437 | -839 | -1,144 | -1,007 | -2,392 | -2,693 | -2,835 | -2,731 | -1,075 |
| Dividend Payments | -1.7% | 59.00 | 60.00 | 61.00 | 62.00 | 63.00 | 64.00 | 65.00 | 66.00 | 67.00 | 69.00 | 70.00 | 72.00 | 74.00 | 75.00 | 76.00 | 77.00 | 78.00 | 79.00 | 80.00 | 81.00 | 82.00 |
| Buy Backs | -11.0% | 942 | 1,059 | 729 | 922 | 1,032 | 988 | 1,136 | 1,070 | 916 | 745 | 923 | 1,086 | 1,064 | 1,192 | 1,051 | 780 | 705 | 846 | 1,026 | 1,099 | 1,009 |
L Income Statement
2023-06-30CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Revenues: | ||||
| Insurance premiums | $ 2,347 | $ 2,155 | $ 4,595 | $ 4,214 |
| Net investment income | 592 | 366 | 1,161 | 798 |
| Investment gains (losses) | 14 | (59) | (21) | (70) |
| Non-insurance warranty revenue | 407 | 392 | 814 | 774 |
| Operating revenues and other | 574 | 534 | 1,168 | 1,074 |
| Total | 3,934 | 3,388 | 7,717 | 6,790 |
| Expenses: | ||||
| Insurance claims and policyholders’ benefits (re-measurement gain (loss) of $(33), $1, $(34), and $6) | 1,779 | 1,601 | 3,432 | 3,079 |
| Amortization of deferred acquisition costs | 403 | 374 | 782 | 718 |
| Non-insurance warranty expense | 384 | 367 | 768 | 721 |
| Operating expenses and other | 808 | 766 | 1,589 | 1,482 |
| Equity method income | (39) | (51) | (67) | (76) |
| Interest | 91 | 96 | 186 | 192 |
| Total | 3,426 | 3,153 | 6,690 | 6,116 |
| Income before income tax | 508 | 235 | 1,027 | 674 |
| Income tax expense | (120) | (48) | (235) | (135) |
| Net income | 388 | 187 | 792 | 539 |
| Amounts attributable to noncontrolling interests | (28) | (20) | (57) | (50) |
| Net income attributable to Loews Corporation | $ 360 | $ 167 | $ 735 | $ 489 |
| Basic net income per share (in dollars per share) | $ 1.58 | $ 0.68 | $ 3.19 | $ 1.98 |
| Diluted net income per share (in dollars per share) | $ 1.58 | $ 0.68 | $ 3.19 | $ 1.98 |
| Weighted average shares outstanding: | ||||
| Shares of common stock (in shares) | 227,690 | 245,450 | 230,480 | 246,700 |
| Dilutive potential shares of common stock (in shares) | 280 | 490 | 300 | 500 |
| Total weighted average shares outstanding assuming dilution (in shares) | 227,970 | 245,940 | 230,780 | 247,200 |
L Balance Sheet
2023-06-30CONSOLIDATED CONDENSED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Investments: | ||
| Fixed maturities, amortized cost of $42,037 and $41,102, less allowance for credit loss of $22 and $1 | $ 38,926 | $ 37,697 |
| Equity securities, cost of $1,063 and $1,161 | 1,051 | 1,139 |
| Limited partnership investments | 2,020 | 1,954 |
| Other invested assets, primarily mortgage loans, less allowance for credit loss of $30 and $24 | 1,088 | 1,124 |
| Short term investments | 4,478 | 4,854 |
| Total investments | 47,563 | 46,768 |
| Cash | 463 | 532 |
| Receivables | 9,926 | 9,403 |
| Property, plant and equipment | 10,328 | 10,027 |
| Goodwill | 347 | 346 |
| Deferred non-insurance warranty acquisition expenses | 3,689 | 3,671 |
| Deferred acquisition costs of insurance subsidiaries | 885 | 806 |
| Other assets | 4,146 | 4,014 |
| Total assets | 77,347 | 75,567 |
| Insurance reserves: | ||
| Claim and claim adjustment expense | 22,802 | 22,120 |
| Future policy benefits | 13,666 | 13,480 |
| Unearned premiums | 6,978 | 6,374 |
| Total insurance reserves | 43,446 | 41,974 |
| Payable to brokers | 191 | 133 |
| Short term debt | 961 | 854 |
| Long term debt | 8,094 | 8,165 |
| Deferred income taxes | 257 | 243 |
| Deferred non-insurance warranty revenue | 4,735 | 4,714 |
| Other liabilities | 4,193 | 4,283 |
| Total liabilities | 61,877 | 60,366 |
| Commitments and contingent liabilities | ||
| Shareholders' equity: | ||
| Preferred stock, $0.10 par value: Authorized – 100,000,000 shares | ||
| Common stock, $0.01 par value: Authorized- 1,800,000,000 shares, Issued – 236,305,517 and 236,159,866 shares | 2 | 2 |
| Additional paid-in capital | 2,728 | 2,748 |
| Retained earnings | 15,637 | 14,931 |
| Accumulated other comprehensive loss | (3,160) | (3,320) |
| Shareholders' equity before treasury stock, total | 15,207 | 14,361 |
| Less treasury stock, at cost (10,194,421 and 198,875 shares) | (604) | (12) |
| Total shareholders’ equity | 14,603 | 14,349 |
| Noncontrolling interests | 867 | 852 |
| Total equity | 15,470 | 15,201 |
| Total liabilities and equity | $ 77,347 | $ 75,567 |
Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers specialty insurance products, such as management and professional liability, and other coverage products; surety and fidelity bonds; property insurance products that include property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto and umbrella coverages. It also provides loss-sensitive insurance programs; and warranty, risk management, information, and claims administration services. The company markets its insurance products and services through independent agents, brokers, and managing general underwriters. In addition, the company is involved in the transportation and storage of natural gas and natural gas liquids(NGLs), and hydrocarbons through natural gas pipelines covering approximately 13,615 miles of interconnected pipelines; 450 miles of NGL pipelines in Louisiana and Texas; 14 underground storage fields with an aggregate gas capacity of approximately 213 billion cubic feet of natural gas; and eleven salt dome caverns and related brine infrastructure for providing brine supply services. Further, the company operates a chain of 26 hotels; and develops, manufactures, and markets a range of extrusion blow-molded and injection molded plastic containers for customers in the pharmaceutical, dairy, household chemicals, food/nutraceuticals, industrial/specialty chemicals, and water and beverage/juice segments, as well as manufactures commodity and differentiated plastic resins from recycled plastic materials. Loews Corporation was incorporated in 1969 and is headquartered in New York, New York.