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With a market cap of $18.5 billion, New York-based Loews Corporation (L) is a diversified holding company with subsidiaries operating across several industries. Its businesses include commercial property and casualty insurance through CNA Financial, offshore oil and gas drilling via Diamond Offshore Drilling, and natural gas transportation and storage through Boardwalk Pipeline Partners.
Companies valued at more than $10 billion are generally considered “large-cap” stocks, and Loews fits this criterion perfectly. Loews owns and operates a chain of 25 hotels under Loews Hotels Holding Corporation and is involved in the manufacturing of plastic containers and resins.
Despite this, shares of the commercial property and casualty insurance company have declined 4.4% from its 52-week high of $92.42. L stock has risen 1.6% over the past three months, lagging behind the Nasdaq Composite’s ($NASX) 11.7% increase over the same time frame.
In the longer term, Loews stock is up 4.3% on a YTD basis, outperforming NASX’s 1.2% gain. Moreover, shares of Loews have gained 15.9% over the past 52 weeks, compared to NASX’s 9.4% return over the same time frame.
Despite a few fluctuations, the stock has been trading mostly above its 50-day and 200-day moving averages since last year.
Shares of Loews fell 1.8% on May 5 due to a decline in Q1 2025 profit, driven largely by $97 million in catastrophe losses at its insurance unit CNA Financial, including $53 million tied to the devastating California wildfires. The company's investment income also dropped to $608 million, and net income attributable to Loews fell to $1.74 per share.
In contrast, rival The Progressive Corporation (PGR) has outperformed Loews stock. PGR stock has soared 23.5% and 8.7% on a YTD basis.
Despite the stock’s outperformance relative to the Nasdaq over the past year, analysts remain cautiously optimistic on Loews. The stock has a consensus rating of “Moderate Buy” from one analyst in coverage, and as of writing, L is trading below the mean price target of $217.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
