LOEWS (L) Stocks
Loews Corporation is an American public diversified holding company. Through its subsidiaries the company is involved in various businesses which include offshore drilling, operation of natural gas pipeline systems, commercial property-casualty insurance, as well as operating resorts and hotels. Loews Corporation positions itself as a long-term focus value investor.
The company has allocated significant capital for buying shares back in recent years. It spent $1.3 billion on repurchasing shares in the three years ended December 31, 2012. Loews Corporation reduced its outstanding shares from 1.3 billion to 392 million shares between 1971 and 2012.
Its subsidiaries include CNA Financial, Lorillard Tobacco Company, Diamond Offshore Drilling, Boardwalk Pipeline Partners, Loews Hotels Holding Corp and Consolidated Container Company LLC. The company’s history dates back to 1946 and it is headquartered in New York City, New York. Today it has more than 18 000 employees.
HISTORY OF LOEWS
- The company’s history dates back to 1946 when Laurence Tisch’s parents invest $125 000 to purchase a resort hotel in New Jersey. Robert, Laurence’s brother, joins the business shortly after the purchase. The brothers start investing their profits in a growing hotel business and by 1956 they build their first hotel for $17 million in cash. The hotel is called the Americana and is located in Bal Harbour, Florida.
- The brothers buy a controlling interest in Loew’s Theatres, Inc. in 1959. It is a countrywide chain of 102 movie theaters forming the modern day Loews foundation. In 1985 Loews sells the theater business. In the 1960s and 1970s the Tisch brothers diversify the Loews Business and successfully venture into various areas. In 1968 Loews buys tobacco company Lorillard and in 1974 it buys CNA Financial. In 1979 it acquires the Bulova Watch Company. The company’s revenues grow from $100 million in 1970 to more than $3 billion ten years later.
- In 1989 Loews buys Diamond M Drilling and three years later it buys ODECO. In 1993 the combined businesses are renamed to Diamond Offshore, which provides contract drilling services to energy industry across the globe. In 2003 and 2004 Loews buys Texas Gas Transmission, LLC and Gulf South Pipeline Company respectively.
- They become Boardwalk Pipeline Partners, LP. In 2019 the company marks its 60th anniversary listed on the New York Stock Exchange.
VISION & VALUES OF LOEWS
- Loews Corporation commits itself to maintaining high standards of ethical and honest conducts in all business dealings.
- In 2017 CNA receives a 100% score in the Corporate Equality Index administered by the Human Rights Campaign Foundation for the second year in a row. It is therefore recognized as one of the “Best Places to Work for LGBT Equality” and is also recognized in the Human Rights Campaign Foundation’s “Buyer’s Guide” – indicating companies, services and products that support LGBT inclusion in the workplace.
MARKET PERFORMANCE OF LOEWS
- Loews Corporation trades on the New York Stock Exchange under the NYSE stock symbol “L”. It is an S&P 500 component.
- In August 2019 Loews Corporation announces the declaration of the company’s quarterly dividend of $0.0625 per share of common stock. It is payable September 10, 2019 to shareholder on record as of close of business on August 28, 2019.
- The company also reports net income of $249 million, or $0.82 per share, for the three months ended June 30, 2019 – compared to $230 million, or $0.72 per share, for the same period in 2018.
LATEST NEWS LOEWS
Buy LOEWS stocks / shares – ? A Step by Step Guide how to Buy / Purchase LOEWS Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy LOEWS Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN LOEWS STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a $5 stock, multiply 100 by $5 to get $500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE LOEWS STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of LOEWS stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy LOEWS stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?