New insider activity at Loews ( (L) ) has taken place on February 13, 2025.
Marc A Alpert, the Senior Vice President, General Counsel, and Secretary at Loews, recently sold 4,500 shares of the company’s stock, amounting to a total value of $382,680.
Recent Updates on L stock
Loews Corporation reported a net income of $187 million for the fourth quarter and $1,414 million for the full year, alongside completing share repurchases of 7.7 million common shares for $611 million. The earnings report highlighted mixed results across its diversified operations: CNA Financial’s income was impacted by a significant pension settlement charge and higher catastrophe and investment losses, whereas Boardwalk Pipelines benefited from increased revenues due to higher re-contracting rates and growth projects. Loews Hotels experienced a decline in income due to increased expenses from a new hotel opening. The book value per share, excluding AOCI, rose from $81.92 at the end of 2023 to $88.18 at the end of 2024, driven by strong operational performance and share repurchases. The company also reported improved investment income due to higher returns on equity securities, reflecting its strategy to sustain growth and profitability amidst challenging economic conditions.
More about Loews
YTD Price Performance: 0.82%
Average Trading Volume: 741,207
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $18.72B
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