NYSE:LInsurance
Loews (L) Stock Could Be 4% Overvalued As Earnings Look Pricey
Loews stock has delivered a strong 118.5% return over the past 5 years, and at a recent price of US$115.63, the valuation picture now looks tighter, with the intrinsic value estimate from the Excess Returns model sitting close to the market level while earnings based multiples lean on the expensive side.
Loews' 118.5% 5 year return suggests long term shareholders have already captured considerable value, which can limit how much is left if expectations are already reflected in the price.
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