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Loews Corp
Previous close
$85.17
Day range
$85.24 - $86.27
Year range
$67.20 - $86.27
Market cap
18.74B USD
Avg Volume
706.34K
P/E ratio
11.43
Dividend yield
0.29%
Primary exchange
NYSE
In the news
Financials
Income Statement
Revenue
Net income
| (USD) | Sep 2024info | Y/Y change |
|---|---|---|
Revenue | 4.47B | 13.75% |
Operating expense | 930.00M | 8.14% |
Net income | 401.00M | 58.50% |
Net profit margin | 8.98 | 39.44% |
Earnings per share | — | — |
EBITDA | 804.00M | 46.45% |
Effective tax rate | 22.73% | — |
Balance Sheet
Total assets
Total liabilities
| (USD) | Sep 2024info | Y/Y change |
|---|---|---|
Cash and short-term investments | 6.32B | 23.40% |
Total assets | 83.62B | 9.35% |
Total liabilities | 65.37B | 6.62% |
Total equity | 18.25B | — |
Shares outstanding | 217.78M | — |
Price to book | 1.07 | — |
Return on assets | 2.04% | — |
Return on capital | 6.17% | — |
Cash Flow
Net change in cash
| (USD) | Sep 2024info | Y/Y change |
|---|---|---|
Net income | 401.00M | 58.50% |
Cash from operations | 934.00M | -26.86% |
Cash from investing | -740.00M | 5.85% |
Cash from financing | -122.00M | 35.11% |
Net change in cash | 78.00M | -73.91% |
Free cash flow | 681.38M | -36.36% |
About
Loews Corporation is an American conglomerate headquartered in New York City. The company's majority-stake holdings include CNA Financial Corporation, Boardwalk Pipeline Partners, Loews Hotels and Altium Packaging.
The corporation positions itself as a value investor with a long-term focus. In recent years, Loews has also allocated significant capital for share buybacks. In the three years ended December 31, 2012, Loews spent $1.3 billion repurchasing shares. Between 1971 and 2020, the corporation reduced its shares outstanding from 1.3 billion shares to 291 million shares. Wikipedia
CEO
Founded
1969
Headquarters
Website
Employees
12,280
