L Loews Corporation featured news, full reports, and detailed charts
Loews Corporation (L) Wrap Up:
Loews Corporation operates as a diversified holding company in the United States. The companys subsidiary, CNA Financial Corporation (CNA), acts as a commercial property and casualty insurance organization that provides insurance protection to businesses, associations, professionals, and groups. CNAs insurance products include standard commercial lines, specialty lines, surety, marine, warranty, and life and group products. Loews Corporations subsidiary, Diamond Offshore Drilling, Inc., owns and operates drilling rigs that are used in the drilling of offshore oil and gas wells on a contract basis for companies engaged in exploration and production of hydrocarbons. As of December 31, 2008, it owned and operated a fleet of offshore drilling rigs consisting of 30 semisubmersibles, 14 jack-up units, and 1 drill ship. The companys subsidiary, HighMount Exploration & Production LLC, engages in the exploration, production, and marketing of natural gas, natural gas liquids, and oil. HighMount's assets are located in the Permian Basin in Texas, the Antrim Shale in Michigan, and the Black Warrior Basin in Alabama, and have net proved reserves totaling approximately 2.2 trillion cubic feet of natural gas equivalent. Loews Corporations subsidiary, Boardwalk Pipeline Partners, LP, engages in the interstate transportation and storage of natural gas. Boardwalk's system has approximately 14,000 miles of pipeline, carrying an average of 4.8 billion cubic feet (Bcf) of gas per day, and underground storage fields with aggregate working gas capacity of approximately 160 Bcf. Additionally, the companys subsidiary, Loews Hotels, operates 18 hotels located in cities throughout the United States and Canada. The company was founded in 1954 and is headquartered in New York, New York.Loews Corporation (L:NYSE)
Snapshot of Loews Corporation (L)
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OPEN
$35.62
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PREVIOUS CLOSE
$35.89
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DAY HIGH
$35.74
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DAY LOW
$35.29
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52 WEEK HIGH
10/23/09 - $36.66
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52 WEEK LOW
03/6/09 - $17.40
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MARKET CAP
15.3B
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AVERAGE VOLUME 3 mo
1.8M
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DILUTED EPS TTM
$-1.83
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SHARES OUTSTANDING
429.6M
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EX-DATE
11/25/09
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P/E TTM
NM
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DIVIDEND
$0.25
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DIVIDEND YIELD
0.70%
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| K = Thousands M = Millions B = Billions | ||
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L Top Compensated Officers
Executives, Board Directors
Key developments for Loews Corporation (L)
Loews Corporation declared quarterly dividend of $0.0625 per share of common stock, payable December 11, 2009 to shareholders of record on November 30, 2009.
Loews Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income of $691 million and net income attributable to common stockholders of $468 million or $1.08 per diluted share on total revenue of $3,738 million against net income of $22 million and net loss attributable to common stockholders of $137 million or $0.31 per diluted share on total revenue of $2,970 million for the same period a year ago. Income from continuing operations of $692 million and income from continuing operations attributable to common stockholders of $469 million or $1.08 per diluted share compared to income from continuing operations of $15 million and loss from continuing operations attributable to common stockholders of $144 million or $0.33 per diluted share for the same period a year ago. Income before income tax of $958 million compared to loss before income tax of $41 million for the same period a year ago. Book value per common share increased to $39.54 at September 30, 2009, as compared to $34.60 at June 30, 2009 and $30.18 at December 31, 2008. The increase during the third quarter of 2009 was primarily driven by a $1.7 billion (after tax and noncontrolling interests) improvement in the fair value of insurance subsidiary's fixed maturities investment portfolio reflecting a further narrowing of credit spreads which began in the second quarter. For the nine months, the company reported net income of $777 million and net income attributable to common stockholders of $161 million or $0.37 per diluted share on total revenue of $10,295 million against net income of $6,103 million and net income attributable to common stockholders of $5,277 million or $10.72 per diluted share on total revenue of $10,504 million for the same period a year ago. Income from continuing operations of $779 million and income from continuing operations attributable to common stockholders of $163 million or $0.37 per diluted share compared to income from continuing operations of $1,391 million and income from continuing operations attributable to common stockholders of $776 million or $1.58 per diluted share for the same period a year ago. Income before income tax of $847 million compared to $1,928 million for the same period a year ago.
Loews Corporation expected to Report Fiscal Year 2009 Results on February 8, 2010. This event was calculated by Capital IQ (Created on November 2, 2009).
L Competitors
| Company | Last | Change |
| ACE Ltd | $49.73 USD | -0.55 |
| Hartford Financial Services Group Inc | $25.00 USD | -0.32 |
| Reynolds American Inc | $50.88 USD | +0.08 |
| The Chubb Corp | $50.04 USD | -0.05 |
| WR Berkley Corp | $24.41 USD | -0.04 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | L | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 1.2x |
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| Price/Book | 0.9x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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| No transactions in the last 6 months. | ||
More Recent News About Loews Corporation
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Loews Corporation Q3 2009 Earnings Call Transcript
Loews Corporation (L) Q3 2009 Earnings Call November 2, 2009 11:00 am ET Executives Darren Daugherty – Director of Investor Relations James S. Tisch – Chief Executive Officer Peter W. Keegan – Chief Financial Officer Tim Parker – Chief Executive Officer of HighMount Analysts Robert Glasspiegel – Langen McAlenney David Adelman – Morgan Stanley Michael Millman – Millman Research Associates Stephen Velgot – Susquehanna Financial Group Adrian Day – Adrian Day Asset Management Presentation Operator Welcome to the Loews Third Quarter 2009 Earnings Conference Call. (Operator Instructions) I will now turn the call over to Darren Daugherty, Director of Investor Relations. Darren Daugherty Welcome to Loews Corporations Third Quarter 2009 Earnings Conference Call. A copy of the earnings release may be found on our website Loews.com. One the call this morning are Jim Tisch the Chief Executive Officer of Loews, and Peter Keegan the Chief Financial Officer of Loews. Before we begin, I'd like to make a few brief disclosures concerning forward-looking statements. This conference call will include the use of statements that are forward-looking in nature. Actual results achieved by the company may differ materially from those projections made in any forward-looking statements. Forward-looking statements reflect circumstances at the time they are made and the company expressly disclaims any obligation to update or revise any forward-looking statements. This disclaimer is only a brief summary of the company's statutory forward-looking statements disclaimer. We urge you to read the full disclaimer wh...Click here to read the whole Article (external link)
LOEWS CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Show all filings for LOEWS CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for LOEWS CORP 9-Nov-2009Regulation FD Disclosure, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes...Click here to read the whole Article (external link)
LOEWS CORP Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue2,910,000 3,831,000 3,554,000 4,039,000 Cost of Revenue(600,000)306,000 294,000 6,036,000 Gross Profit - 3,525,000 3,260,000 (1,997,000)Operating ExpensesResearch Development - - - - Selling General and Administrative(211,000)2,012,000 2,118,000 (3,595,000)Non Recurring - - 1,036,000 1,173,000 Others2,646,000 646,000 880,000 1,680,000 Total Operating Expenses - - - - Operating Income or Loss754,000 867,000 (774,000)(1,255,000)Income from Continuing OperationsTotal Other Income/Expenses Net - - - - Earnings Before Interest And Taxes1,075,000 867,000 (774,000)(1,255,000)Interest Expense117,000 110,000 94,000 86,000 Income Before Tax958,000 757,000 (868,000)(1,341,000)Income Tax Expense266,000 197,000 (395,000)(530,000)Minority Interest(616,000) - - (147,000)Net Income From Continuing Ops692,000 560,000 (473,000)(958,000)Non-recurring EventsDiscontinued Operations(1,000)(1,000) - - Extraordinary Items - - - - Effect Of Accounting Changes - ...Click here to read the whole Article (external link)
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Loblaw Companies Limited Q3 2009 Earnings Call Transcript
Loblaw Companies Limited (L) Q3 2009 Earnings Call November 17, 2009 11:00 am ET Executives Inge Vandenberg – Senior Vice President, Corporate Affairs Galen G. Weston – Executive Chairman Allan L. Leighton – President and Deputy Chairman Dalton T. Philips – Chief Operating Officer Robert G. Vaux – Chief Financial Officer Sarah R. Davis – Executive Vice President, Finance Analysts Patricia Baker - Scotia Capital Perry Caicco - CIBC World Markets Irene Nattel - RBC Capital Markets Jim Durran - National Bank Financial Michael Van Aelst - T. D. Newcrest Keith Howlett - Desjardins Securities Winston Lee - Credit Suisse Presentation Operator Good morning, ladies and gentlemen. Thank you for standing by. Welcome to the Loblaw Companies Limited third quarter earnings conference call. (Operator Instructions) I’d like to remind everyone this conference call is being recorded today, Tuesday, November 17, 2009 at 11:00 AM Eastern Time. I will now turn the conference over to Inge Vandenberg, Senior Vice President, Corporate Affairs. Please go ahead. Inge Vandenberg Good morning and welcome to the Loblaw Companies Limited third quarter conference call. This call is also being webcast simultaneously on our website, www.loblaw.ca. I’m joined here this morning by Galen G. Weston, Executive Chairman; Allan Leighton, President and Deputy Chairman; Dalton Philips, Chief Operating Officer; Bob Vaux, Chief Financial Officer and Sarah Davis, Executive Vice President, Finance. Before we begi...Click here to read the whole Article (external link)
CNA Financial completes $350 million note offering
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