New insider activity at Loews ( (L) ) has taken place on March 11, 2025.
Jonathan Tisch, who holds the title of Director Emeritus, has made a significant move by selling 200,000 shares of Loews stock. This transaction brought in a substantial amount of $17,016,935.
Recent Updates on L stock
In the last 24 hours, Loews Corporation announced a new compensation package for its President and CEO, Benjamin J. Tisch, effective from January 1, 2025, which includes a substantial base salary, target cash incentive, and performance-based restricted stock units. This move aims to incentivize shareholder value creation and retain key executives through special stock appreciation rights. Additionally, Loews released its Q4 earnings report, revealing a net income of $187 million for the quarter and $1,414 million for the full year. The report highlighted a decrease in CNA Financial’s income due to a pension settlement charge and increased expenses at Loews Hotels from a new hotel opening. However, Boardwalk Pipelines showed improved results due to higher revenues. The company’s book value per share increased significantly, driven by strong operational performance and share repurchases. Despite challenges, Loews remains focused on leveraging its diversified portfolio for sustained growth.
More about Loews
YTD Price Performance: 0.84%
Average Trading Volume: 766,144
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $18.17B