Loews Corporation (L) Stock

About Loews Corporation

Loews Corporation functions as a diversified holding company, with significant business segments spanning insurance, energy infrastructure, hospitality, and manufacturing. Its insurance division delivers commercial property and casualty coverage to clients both within the United States and internationally. This segment offers a comprehensive array of products, including specialized options such as professional and management liability, along with surety and fidelity bonds. Property insurance solutions encompass general property, marine risks, and boiler and machinery protection. For casualty needs, Loews provides workers' compensation, general and product liability, and commercial automobile and umbrella policies. Additionally, the company furnishes supplementary services like loss-sensitive insurance programs, warranty services, risk management consulting, information resources, and claims administration. These insurance offerings are distributed through a network of independent agents, brokers, and managing general underwriters. In the energy sector, the company is actively involved in the transportation and storage of natural gas, natural gas liquids (NGLs), and various other hydrocarbons. Its robust infrastructure includes approximately 13,615 miles of interconnected natural gas pipelines and 450 miles of NGL pipelines, primarily situated in Louisiana and Texas. Storage capabilities consist of 14 underground fields, boasting a total capacity of around 213 billion cubic feet of natural gas, alongside eleven salt dome caverns and related brine systems designed for brine supply services. Further diversifying its operations, Loews also owns and manages a chain of 26 hotels. Moreover, the corporation maintains a strong presence in plastics manufacturing. Here, it designs, produces, and markets a variety of extrusion blow-molded and injection-molded plastic containers. These products cater to diverse customer bases in industries such as pharmaceuticals, dairy, household chemicals, food and nutraceuticals, industrial and specialty chemicals, and the water/beverage/juice sectors. The company also produces both standard and specialized plastic resins, often derived from recycled materials. Loews Corporation was founded in 1969 and its corporate headquarters are located in New York, New York.

Loews Corporation is led by CEO Benjamin J. Tisch, employs 13,100 people, headquartered in New York City, US, publicly traded since 1980.

Loews Corporation (L) stock trades at $116.01 with a market capitalization of $23.87B. The stock is valued at a price-to-earnings (P/E) ratio of 13.55, price-to-book of 1.19, price-to-sales of 1.21. Over the past 52 weeks the stock has ranged between $88.76 and $118.88, and currently trades 2.4% below its 52-week high. It pays a dividend yielding 0.23%.

On profitability, Loews Corporation generates a return on equity (ROE) of 8.92%, return on capital employed of 11.62%, an operating margin of 12.56%, a net profit margin of 10.22%.

In its most recent fiscal year, Loews Corporation reported annual revenue of $18.2B, net profit of $1.7B, revenue has compounded at 5.9% a year over the last five years.

The balance sheet shows a debt-to-equity ratio of 0.48 — a conservative balance sheet with little leverage risk, a current ratio of 0.48, total assets of $86.3B, $495.0M in cash and equivalents.

L has an average daily trading volume of 902,149 shares, a beta of 0.54 (less volatile than the overall market).

Official website: www.loews.com