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Loews

LSE:0JVI
Snowflake Description

Moderate growth potential with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0JVI
LSE
$15B
Market Cap
  1. Home
  2. GB
  3. Insurance
Company description

Loews Corporation, through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally. The last earnings update was 70 days ago. More info.


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0JVI Share Price and Events
7 Day Returns
0%
LSE:0JVI
0.9%
GB Insurance
1.5%
GB Market
1 Year Returns
-5.2%
LSE:0JVI
-5.6%
GB Insurance
2.1%
GB Market
0JVI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Loews (0JVI) 0% 3% 3.9% -5.2% - -
GB Insurance 0.9% 7.8% 11% -5.6% 16.2% 22.1%
GB Market 1.5% 5.2% 9.7% 2.1% 17.8% 6.8%
1 Year Return vs Industry and Market
  • 0JVI underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.1% over the past year.
Price Volatility
0JVI
Industry
5yr Volatility vs Market

0JVI Value

 Is Loews undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Loews to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Loews.

LSE:0JVI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $55.90 * 3.9%
$2.17
Book Value of Equity per Share Median Book Value from the past 5 years. $55.90
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:0JVI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.724 (1 + (1- 21%) (75.02%))
1.103
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.103 * 5.96%)
7.8%

Discounted Cash Flow Calculation for LSE:0JVI using Excess Returns Model Model

The calculations below outline how an intrinsic value for Loews is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:0JVI Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (3.9% – 7.8%) * $55.90)
$-2.19
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-2.19 / (7.8% - 1.23%)
$-33.29
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $55.90 + $-33.29
$22.61
LSE:0JVI Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0JVI represents 0.98242x of NYSE:L
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98242x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 22.61 x 0.98242
$22.21
Value per share (USD) From above. $22.21
Current discount Discount to share price of $48.62
= -1 x ($48.62 - $22.21) / $22.21
-118.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Loews is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Loews's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Loews's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0JVI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $1.99
NYSE:L Share Price ** NYSE (2019-04-04) in USD $49.49
United Kingdom of Great Britain and Northern Ireland Insurance Industry PE Ratio Median Figure of 19 Publicly-Listed Insurance Companies 16.26x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.16x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Loews.

LSE:0JVI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:L Share Price ÷ EPS (both in USD)

= 49.49 ÷ 1.99

24.83x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Loews is overvalued based on earnings compared to the GB Insurance industry average.
  • Loews is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Loews's expected growth come at a high price?
Raw Data
LSE:0JVI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 24.83x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
32.8%per year
United Kingdom of Great Britain and Northern Ireland Insurance Industry PEG Ratio Median Figure of 16 Publicly-Listed Insurance Companies 1.54x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Loews, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Loews's assets?
Raw Data
LSE:0JVI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $59.34
NYSE:L Share Price * NYSE (2019-04-04) in USD $49.49
United Kingdom of Great Britain and Northern Ireland Insurance Industry PB Ratio Median Figure of 24 Publicly-Listed Insurance Companies 2.11x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.52x
LSE:0JVI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:L Share Price ÷ Book Value per Share (both in USD)

= 49.49 ÷ 59.34

0.83x

* Primary Listing of Loews.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Loews is good value based on assets compared to the GB Insurance industry average.
X
Value checks
We assess Loews's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Loews has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

0JVI Future Performance

 How is Loews expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Loews, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
32.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Loews expected to grow at an attractive rate?
  • Loews's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Loews's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Unable to compare Loews's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
LSE:0JVI Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0JVI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 32.8%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Revenue Growth Rate Market Cap Weighted Average 18.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:0JVI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0JVI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
LSE:0JVI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 14,066 4,222 636
2018-09-30 14,334 4,175 1,282
2018-06-30 14,247 3,510 1,161
2018-03-31 14,016 3,104 1,162
2017-12-31 13,735 2,590 1,164
2017-09-30 13,518 2,347 973
2017-06-30 13,284 2,713 1,143
2017-03-31 13,232 2,103 847
2016-12-31 13,105 2,253 654
2016-09-30 13,100 3,068 163
2016-06-30 12,982 3,231 18
2016-03-31 13,110 3,654 253

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Loews's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Loews is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:0JVI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Loews Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0JVI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
LSE:0JVI Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 1.99
2018-09-30 3.95
2018-06-30 3.52
2018-03-31 3.48
2017-12-31 3.46
2017-09-30 2.89
2017-06-30 3.39
2017-03-31 2.51
2016-12-31 1.94
2016-09-30 0.48
2016-06-30 0.05
2016-03-31 0.71

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Loews will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Loews's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Loews has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

0JVI Past Performance

  How has Loews performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Loews's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Loews's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Loews's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Loews's 1-year earnings growth is negative, it can't be compared to the GB Insurance industry average.
Earnings and Revenue History
Loews's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Loews Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0JVI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 14,066.00 636.00 4,801.00
2018-09-30 14,334.00 1,282.00 782.00
2018-06-30 14,247.00 1,161.00 568.00
2018-03-31 14,016.00 1,162.00 350.00
2017-12-31 13,735.00 1,164.00 4,565.00
2017-09-30 13,518.00 973.00 3,504.00
2017-06-30 13,284.00 1,143.00 2,259.00
2017-03-31 13,232.00 847.00 1,050.00
2016-12-31 13,105.00 654.00 4,164.00
2016-09-30 13,100.00 163.00
2016-06-30 12,982.00 18.00
2016-03-31 13,110.00 253.00
2015-12-31 13,415.00 260.00
2015-09-30 13,594.00 676.00
2015-06-30 13,948.00 673.00
2015-03-31 14,106.00 805.00
2014-12-31 14,325.00 982.00
2014-09-30 14,586.00 1,014.00
2014-06-30 14,660.00 1,154.00
2014-03-31 14,683.00 1,112.00
2013-12-31 14,613.00 1,147.00
2013-09-30 14,460.00 868.00
2013-06-30 14,578.00 726.00
2013-03-31 14,350.00 522.00
2012-12-31 13,996.00 967.00
2012-09-30 14,328.00 871.00
2012-06-30 14,051.00 856.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Loews has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Loews used its assets more efficiently than the GB Insurance industry average last year based on Return on Assets.
  • Loews's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Loews's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Loews has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

0JVI Health

 How is Loews's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Loews's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Loews's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Loews's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Loews's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Loews Company Filings, last reported 3 months ago.

LSE:0JVI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 21,386.00 11,376.00 4,431.00
2018-09-30 21,886.00 11,460.00 4,557.00
2018-06-30 21,858.00 11,471.00 5,553.00
2018-03-31 23,848.00 11,468.00 5,681.00
2017-12-31 24,566.00 11,533.00 6,296.00
2017-09-30 24,361.00 11,433.00 6,309.00
2017-06-30 24,106.00 11,286.00 6,117.00
2017-03-31 23,734.00 10,690.00 6,388.00
2016-12-31 23,361.00 10,778.00 6,132.00
2016-09-30 23,406.00 10,922.00 6,282.00
2016-06-30 23,031.00 11,065.00 6,686.00
2016-03-31 23,125.00 10,587.00 6,391.00
2015-12-31 22,810.00 10,560.00 5,925.00
2015-09-30 24,153.00 10,770.00 6,172.00
2015-06-30 24,332.00 10,852.00 6,749.00
2015-03-31 24,630.00 10,550.00 7,174.00
2014-12-31 24,650.00 10,668.00 7,004.00
2014-09-30 25,116.00 10,901.00 8,030.00
2014-06-30 25,355.00 10,802.00 8,375.00
2014-03-31 25,117.00 11,317.00 8,630.00
2013-12-31 24,906.00 10,347.00 7,875.00
2013-09-30 24,821.00 9,982.00 7,224.00
2013-06-30 24,642.00 10,078.00 7,109.00
2013-03-31 24,718.00 9,445.00 6,746.00
2012-12-31 24,676.00 9,220.00 6,873.00
2012-09-30 24,862.00 8,875.00 7,176.00
2012-06-30 24,241.00 9,146.00 6,505.00
  • Loews's level of debt (53.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (41.6% vs 53.2% today).
  • Debt is well covered by operating cash flow (37.1%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Loews's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Loews has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

0JVI Dividends

 What is Loews's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.51%
Current annual income from Loews dividends. Estimated to be 0.51% next year.
If you bought $2,000 of Loews shares you are expected to receive $10 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Loews's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
  • Loews's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.14%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:0JVI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Insurance Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.1%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:0JVI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.25 1.00
2020-12-31 0.25 1.00
2019-12-31 0.25 1.00
LSE:0JVI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-12 0.250 0.521
2018-11-13 0.250 0.537
2018-08-07 0.250 0.508
2018-05-08 0.250 0.501
2018-02-13 0.250 0.495
2017-11-14 0.250 0.497
2017-08-08 0.250 0.520
2017-05-09 0.250 0.529
2017-02-14 0.250 0.533
2016-11-08 0.250 0.544
2016-08-09 0.250 0.606
2016-05-10 0.250 0.619
2016-02-09 0.250 0.655
2015-11-10 0.250 0.677
2015-08-11 0.250 0.683
2015-05-12 0.250 0.637
2015-02-10 0.250 0.606
2014-11-11 0.250 0.611
2014-08-05 0.250 0.590
2014-05-13 0.250 0.575
2014-02-11 0.250 0.569
2013-11-12 0.250 0.535
2013-08-13 0.250 0.531
2013-05-14 0.250 0.549
2013-02-12 0.250 0.568
2012-11-13 0.250 0.597
2012-08-14 0.250 0.604
2012-05-08 0.250 0.625
2012-02-14 0.250 0.633
2011-11-08 0.250 0.658
2011-08-09 0.250 0.683
2011-05-10 0.250 0.613
2011-02-08 0.250 0.585
2010-11-09 0.250 0.635
2010-08-10 0.250 0.661
2010-05-11 0.250 0.728
2010-02-09 0.250 0.674
2009-11-10 0.250 0.690
2009-08-11 0.250 0.735
2009-05-12 0.250 0.904

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Loews is not paying a notable dividend for United Kingdom of Great Britain and Northern Ireland, therefore no need to check if the payments are stable.
  • Loews is not paying a notable dividend for United Kingdom of Great Britain and Northern Ireland, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Loews's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Loews's dividends as it is not paying a notable one for United Kingdom of Great Britain and Northern Ireland.
Future Payout to shareholders
  • No need to calculate the sustainability of Loews's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess Loews's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Loews afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Loews has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

0JVI Management

 What is the CEO of Loews's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
James Tisch
COMPENSATION $5,714,569
AGE 65
TENURE AS CEO 21.3 years
CEO Bio

Mr. James S. Tisch, also known as Jim, has been President and Chief Executive Officer and member of the Officer of the President of Loews Corporation, the holding Company of CNA Financial Corporation since 1998. Mr. Tisch served as the Chief Executive Officer and President of Carolina Group and its Member of Office of the President since 1981. He served as the Chief Executive Officer of Diamond Offshore Drilling Inc. (a subsidiary of Loews Corporation) from March 1998 to May 28, 2008. He served as the President and Chief Operating Officer of Loews from October 18, 1994 to January 1999. He joined Loews in 1977. He has been the Chairman of Diamond Offshore Drilling, Inc. since November 1995. Mr. Tisch serves as the Chairman of WNET.ORG, parent company of WNET Channel 13 and WLIW Channel 21. He serves as the Chairman of the Board of Governors at Jewish Agency For Israel. He served as the Chairman of Educational Broadcasting Corporation since 2006. He served as the Chairman of the Conference of President of Major American Jewish Organizations. Mr. Tisch has been a Director of Diamond Offshore Drilling, Inc. since June 1989; Loews Corporation since 1986 and CNA Financial Corporation since 1985. He serves as a Director of The Partnership for New York City, Inc. He has been an Independent Director of General Electric Company since June 16, 2010. He served as a Director of Carolina Group since 1986. He served as a Director of BKF Asset Management, Inc. He served as an Independent Director of GE Capital Global Holdings, LLC since 2010. Mr. Tisch served as a Director of BKF Capital Group Inc., a Holding Company of BKF Asset Management, Inc., from 2000 to January 2006. He served as a Director of Educational Broadcasting Corporation. He served as a Director of The Federal Reserve Bank of New York from October 2009 to December 31, 2011. He served as a Director of Vail Resorts Inc. since January 1995. He was President of UJA-Federation of New York. He was the Chairman of the Board of Trustees of United Jewish Communities. He serves as a Director of Overseers of the Wharton School at the University of Pennsylvania. He serves as a Director of The New York Public Library. He serves as a Trustee of Mount Sinai NYU Health System (Mount Sinai Medical Center) and The Mount Sinai Hospital. He serves as a Member of the Council on Foreign Relations. Mr. Tisch holds a Bachelor's degree from Cornell University, where he majored in Economics. He holds an MBA with Distinction from the Wharton School of Business of the University of Pennsylvania.

CEO Compensation
  • James's compensation has been consistent with company performance over the past year.
  • James's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Loews management team in years:

8.8
Average Tenure
62.5
Average Age
  • The average tenure for the Loews management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jonathan Tisch

TITLE
Co-Chairman of the Board
COMPENSATION
$5M
AGE
64

James Tisch

TITLE
President
COMPENSATION
$6M
AGE
65
TENURE
21.3 yrs

David Edelson

TITLE
Senior VP & CFO
COMPENSATION
$6M
AGE
59
TENURE
4.9 yrs

Kenneth Siegel

TITLE
Senior Vice President
COMPENSATION
$5M
AGE
61

Rick Scott

TITLE
Senior VP & Chief Investment Officer
AGE
65
TENURE
10.3 yrs

Mark Schwartz

TITLE
VP & Chief Accounting Officer
AGE
64
TENURE
13.8 yrs

Mary Skafidas

TITLE
Vice President of IR & Corporate Communications
TENURE
7.3 yrs

Marc Alpert

TITLE
Senior VP
AGE
55

Jonathan Koplovitz

TITLE
Vice President of Corporate Development
AGE
49
TENURE
4.9 yrs

Laura Cushing

TITLE
Vice President of Human Resources
Board of Directors Tenure

Average tenure and age of the Loews board of directors in years:

14
Average Tenure
67.5
Average Age
  • The average tenure for the Loews board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Andrew Tisch

TITLE
Co-Chairman of the Board
COMPENSATION
$4M
AGE
69
TENURE
13.3 yrs

Jonathan Tisch

TITLE
Co-Chairman of the Board
COMPENSATION
$5M
AGE
64
TENURE
13.3 yrs

James Tisch

TITLE
President
COMPENSATION
$6M
AGE
65

Paul Fribourg

TITLE
Lead Director
COMPENSATION
$285K
AGE
64

Joseph Bower

TITLE
Director
COMPENSATION
$265K
AGE
79
TENURE
18.3 yrs

Walter Harris

TITLE
Director
COMPENSATION
$275K
AGE
66
TENURE
14.8 yrs

Phil Laskawy

TITLE
Director
COMPENSATION
$225K
AGE
77
TENURE
16.3 yrs

Mark Diker

TITLE
Director
COMPENSATION
$235K
AGE
83
TENURE
16.3 yrs

Ann Berman

TITLE
Director
COMPENSATION
$225K
AGE
66
TENURE
13.3 yrs

Jacob Frenkel

TITLE
Director
COMPENSATION
$210K
AGE
75
TENURE
9.4 yrs
Who owns this company?
Recent Insider Trading
  • Loews insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
05. Mar 19 Sell Mark Schwartz Individual 01. Mar 19 05. Mar 19 -11,416 $48.11 $-546,246
X
Management checks
We assess Loews's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Loews has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

0JVI News

Simply Wall St News

0JVI Company Info

Description

Loews Corporation, through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally. It operates through CNA Financial Corporation; Diamond Offshore Drilling, Inc.; Boardwalk Pipeline Partners, LP; and Loews Hotels Holding Corporation segments. The company offers specialty insurance products, such as management and professional liability insurance coverages and products; surety and fidelity bonds; and warranty and alternative risk services. It also provides commercial property insurance products include standard and excess property, marine, and boiler and machinery coverages; casualty insurance products comprise workers’ compensation, general and product liability, commercial auto, and umbrella coverages; and loss-sensitive insurance programs; and warranty, risk management, information, and claims administration services. The company markets its insurance products and services primarily through independent agents, brokers, and managing general underwriters. In addition, the company offers contract drilling services through a fleet of 17 offshore drilling rigs consisting of 4 drillships and 13 semisubmersible rigs. Further, it is involved in the transportation and storage of natural gas and natural gas liquids (NGLs). It owns and operates natural gas pipelines covering approximately 13,805 miles of interconnected pipelines; approximately 455 miles of NGL pipelines in Louisiana and Texas; and 14 underground storage fields with aggregate working gas capacity of approximately 205 billion cubic feet of natural gas. Additionally, it operates a chain of 24 hotels in the United States and Canada. The company was incorporated in 1969 and is headquartered in New York, New York.

Details
Name: Loews Corporation
0JVI
Exchange: LSE
Founded: 1969
$15,163,736,000
306,400,000
Website: http://www.loews.com
Address: Loews Corporation
667 Madison Avenue,
New York,
New York, 10065,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE L Common Stock New York Stock Exchange US USD 02. Jan 1968
DB LTR Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
LSE 0JVI Common Stock London Stock Exchange GB USD 02. Jan 1968
Number of employees
Current staff
Staff numbers
17,900
Loews employees.
Industry
Multi-line Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 23:32
End of day share price update: 2019/04/04 00:00
Last estimates confirmation: 2019/04/11
Last earnings filing: 2019/02/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.