Loews Corp (L)
Financials · Multi-line Insurance · US stock · S&P 500 component
$113.68
▲ +1.96 (1.75%)
Fair valueFair
$120 +5.6% to fair value
$60fair band $102–$146$180
Day's range
$111.70 – $113.80
52-week range
$97.38 – $121.01
About Loews Corp
Loews is a diversified holding company whose largest subsidiary is CNA Financial, a commercial property and casualty insurer. It also owns Boardwalk Pipelines, which transports natural gas, and Loews Hotels, along with other holdings. Revenue comes mainly from insurance premiums and investment income at CNA, pipeline transportation fees, and hotel operations, so results reflect a mix of unrelated businesses.
Loews Corp generated $18.7 billion of revenue in the last twelve months, with sales that expanded at 9.5% a year across three years. The operating margin is 14.7% and the return on invested capital is 10%. A dividend is paid, with a yield of 0.2%. Its X-Ray Score is 49 out of 100.
Price chart
52-wk range $97.38 – $121.01Volume 729,729Daily, split-adjusted
Vitals
Market cap$23.4B
52-week range$97.38 – $121.01
Volume (last day)729,729
P/E (TTM)14.0
EBIT / EV yield10.1%
Free-cash-flow yield7.6%
Dividend yield0.2%
Revenue (TTM)$18.7B
Net income (TTM)$1.7B
Operating margin14.7%
Return on capital9.7%
Debt incl. leases$8.9B
Cash & securities$6.1B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$120middle half of models $110 – $126
Fair
+5.6% to fair value
Average of the 3 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $114
Undervalued < $102Fair $102 – $146Overvalued > $146
P/E multiple
$113
P/B multiple
$108
P/S multiple
$140
Dividend discount, stable · not used
$15
Dividend discount, multi-stage · not used
$31
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Weak business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Financials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Fair
58/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield10.1%
Free-cash-flow yield7.6%
Fair value vs price1.1×
Growth
Fair
55/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)9.5%
EPS growth (3y)33.1%
Growth consistency100%
Profitability
Weak
41/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital9.7%
Operating margin14.7%
Financial health
Fair
51/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score8 / 9
Net debt / EBITDA1.0×
Interest cover6.2×
Dividends
Weak
27/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield0.2%
Dividends vs free cash flow3%
Dividend growth-5.2%
Quarterly results: last 6 quarters
+6.2%
Mar '25
+6.7%
Jun '25
+4.6%
Sep '25
+4.1%
Dec '25
+1.4%
Mar '26
+3.9%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $4.7B, diluted EPS $2.16.
Compare with peers
AIZ Assurant, Inc.66 AIG American International...34Other Multi-line Insurance companies by X-Ray Score.
SWOT analysis: Loews Corp
Strengthsinside the company
- Earnings per share have compounded at 33.1% a year over three years.
- Free cash flow equals 7.6% of the market value, which funds dividends, buybacks or debt paydown.
- Passes 8 of the 9 Piotroski tests, which points to improving profitability, funding and efficiency.
Weaknessesinside the company
- Operating margin of 14.7% is thin against 29.3% for sector peers.
Opportunitiesvaluation and setting
- Our Market Compass rates the backdrop for Financials as favourable.
- Price momentum is strong on the weekly and monthly signals (trends can reverse).
Threatsvaluation and setting
- No specific threat is flagged by our checks; general market and interest-rate risk still applies.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare L with peers and sector
Medians of 70 Financials peers and of 70 Financials stocks in our universe.
Largest peers (X-Ray Score): JPM 49, MA 57, BAC 48, MS 34, GS 49, WFC 38.
| Metric | L | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 49 | 50 | 50 |
| Valuation | 58 | 52 | 52 |
| Growth | 55 | 54 | 54 |
| Profitability | 41 | 49 | 49 |
| Financial health | 51 | 50 | 50 |
| Dividends | 27 | 54 | 54 |
Sector leaders: highest X-Ray Score in Financials
L ranks #42 of 71 in Financials by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for L
Each factor is rated by where L stands among the 71 Financials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 3 Good · 2 Average · 3 Bad of 8
Growth: 1 · 1 · 1
Profitability: 0 · 0 · 2
Valuation: 2 · 1 · 0
| Factor | L | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +9.5% | Average beats 56% | +8.3% | – | – |
| Revenue growth, last year | +5.4% | Bad beats 33% | +6.9% | +10.1% | ▼ Worse |
| EPS growth, 3 years a year | +33.1% | Good beats 85% | +12.7% | – | – |
| Profitability | |||||
| Net margin | 9.0% | Bad beats 16% | 21.8% | 9.0% | ≈ In line |
| Return on equity | 8.8% | Bad beats 19% | 15.7% | 8.8% | ≈ In line |
| Valuation | |||||
| P/E ratio | 13.9x | Average beats 49% | 13.8x | 13.2x | ≈ In line |
| Price / book | 1.2x | Good beats 81% | 2.2x | 1.0x | ≈ In line |
| Price / sales | 1.3x | Good beats 92% | 3.1x | 1.0x | ≈ In line |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings), and banks and insurers are rated only on the factors that apply to them. A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 4 Good · ● 5 Average · ● 4 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldGood
Risk models
Piotroski F-ScoreGood
Growth
EPS growth (3y)Good
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Average
Growth consistencyGood
Balance sheet
Net debt / EBITDAAverage
Interest coverBad
Valuation
Fair value vs priceAverage
EBIT / EV yieldAverage
Profitability
Return on invested capitalBad
Operating marginBad
Each check is graded against the company's sector, not a fixed number. Checklist score 48/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $14.7B | $14.0B | $15.9B | $17.5B | $18.5B |
| Operating income | $2.6B | $1.5B | $2.4B | $2.3B | $2.7B |
| Net income | $1.6B | $822M | $1.4B | $1.4B | $1.7B |
| Operating cash flow | $2.6B | $3.3B | $3.9B | $3.0B | $3.3B |
| Operating margin | 17.6% | 10.6% | 14.9% | 13.2% | 14.7% |
| Free cash flow | $2.1B | $2.7B | $3.2B | $2.4B | $2.7B |
| Diluted EPS | $6.00 | $3.38 | $6.29 | $6.41 | $7.97 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
12 bullish · 0 neutral · 4 bearish
Weekly
Strongly bullish
10 bullish · 1 neutral · 1 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 109.8 | Bullish |
| EMA 10 | 110.3 | Bullish |
| SMA 20 | 107.7 | Bullish |
| EMA 20 | 109.0 | Bullish |
| SMA 50 | 108.7 | Bullish |
| EMA 50 | 109.1 | Bullish |
| SMA 100 | 110.7 | Bullish |
| EMA 100 | 109.5 | Bullish |
| SMA 200 | 109.1 | Bullish |
| EMA 200 | 107.8 | Bullish |
Oscillators (daily)
| RSI (14) | 71.87 | Bearish |
| MACD (12, 26) | 1.03 | Bullish |
| Momentum (12) | 6.78 | Bullish |
| Stochastic %K (14) | 98.65 | Bearish |
| Williams %R (14) | -1.35 | Bearish |
| CCI (20) | 174.5 | Bearish |
Pivot points (classic, last session)
S3 110.2 | S2 111.0 | S1 112.3 | Pivot 113.1 | R1 114.4 | R2 115.2 | R3 116.5 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
0.25 USD
Yield on today's price
0.22%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.0630 | |
| 0.0630 | |
| 0.0630 | |
| 0.0630 | |
| 0.0630 | |
| 0.0630 | |
| 0.0630 | |
| 0.0630 | |
| 0.0630 | |
| 0.0630 | |
| 0.0630 | |
| 0.0630 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold L
| ETF | Share of the fund |
|---|---|
| KIE SPDR S&P Insurance | 1.88% |
| SPLV Invesco S&P 500 Low Volatility | 1.29% |
| RPV Invesco S&P 500 Pure Value | 0.81% |
| FMDE Fidelity Enhanced Mid Cap | 0.40% |
| ACWV iShares MSCI Global Min Vol Factor | 0.39% |
| USMV iShares MSCI USA Min Vol Factor | 0.37% |
| SCHM Schwab U.S. Mid-Cap | 0.32% |
| VOE Vanguard Mid-Cap Value | 0.32% |
The eight funds with the largest weight in L among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
L stock splits
L has split its stock 3 times since 1995. The latest was a 3-for-1 split on 9 May 2006.
Full L stock split history →L SEC filings
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Shareholder vote results
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
DEF 14ASEC EDGAR
Proxy statement
8-KSEC EDGAR
Other events
424B5SEC EDGAR
424B5
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.