Are Loews hotels publicly traded?

Loews is traded on the New York Stock Exchange under the symbol L .

What is the history of Loews?

History. Loews Corporation traces its roots to 1946 when Laurence Tisch persuaded his parents to invest $125,000 to buy a resort hotel in Lakewood, New Jersey . Laurence's brother Robert joined the business shortly thereafter. The Tisch brothers began to invest their profits in expanding the hotel business.

Loews Santa Monica sold to China's Anbang as part of $6.5 billion deal - L.A. Business First.

How much are Loews hotels worth?

How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Loews net worth as of May 06, 2024 is $17.27B .

Is Loews owned by Marriott?

What hotel chain is Loews part of? Headquartered in New York City, Loews Hotels is a wholly-owned subsidiary of Loews Corporation .

On January 26, 2006, AMC merged with Loews Cineplex Entertainment to form AMC Entertainment; the deal brought into AMC's fold the entire Loews and American Cineplex chains, along with Magic Johnson Theatres (named after NBA player Magic Johnson) and Star Theatres, based in Metro Detroit.

How many hotels does Loews own?

Loews Hotels & Co owns and/or operates 26 hotels and resorts across the U.S. and Canada.

When did Loews go public?

Lowe's becomes a publicly-traded company on October 10, 1961 .

Who owns Loews Coral Gables?

The site occupies 7 1/2 acres and is the brainchild of Carlos Beckham's Agave Group, also the owners of the Jose Cuervo Tequila brand. The company teamed up with Jonathan Tisch, chairman and CEO of Loews, for the project and after two years of construction, the hotel is now ready to accept guests and convention goers.

Is Loews a holding company?

Loews is a diversified holding company operating in the insurance, energy, hospitality and packaging industries.

Loews Corp (L) Stock Price & News - Google Finance (2024)

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Dow Jones38,722.69-0.18%-68.66Dow Jones38,722.690.18%

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HomeL • NYSE

Loews Corp

$74.84

After Hours:

$74.84

(0.00%)0.00

Closed: Mar 8, 4:02:41 PM GMT-5 · USD · NYSE · Disclaimer

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Financials

Income Statement



Revenue

Net income

(USD)	Dec 2023info Fiscal Q4 2023 ended 12/31/23. Reported on 2/4/24.	Y/Y change
Revenue The total amount of income generated by the sale of goods or services related to the company's primary operations	4.26B	12.26%
Operating expense Represents the total incurred expenses through normal operations	932.00M	20.26%
Net income Company’s earnings for a period net of operating costs, taxes, and interest	446.00M	25.63%
Net profit margin Measures how much net income or profit is generated as a percentage of revenue.	10.47	11.86%
Earnings per share Represents the company's profit divided by the outstanding shares of its common stock.	—	—
EBITDA Earnings before interest, taxes, depreciation, and amortization, is a measure of a company's overall financial performance and is used as an alternative to net income in some circ*mstances	871.00M	20.30%
Effective tax rate The percent of their income that a corporation pays in taxes	22.19%	—

Balance Sheet



Total assets

Total liabilities

(USD)	Dec 2023info Fiscal Q4 2023 ended 12/31/23. Reported on 2/4/24.	Y/Y change
Cash and short-term investments Investments that are relatively liquid and have maturities between 3 months and one year	5.00B	-8.43%
Total assets The total amount of assets owned by a company	79.20B	4.80%
Total liabilities Sum of the combined debts a company owes	62.67B	3.82%
Total equity The value of subtracting the total liabilities from the total assets of a company	16.52B	—
Shares outstanding Total number of common shares outstanding as of the latest date disclosed in a financial filing	222.20M	—
Price to book A ratio used to determine if a company’s market value is in line with the value of its assets less liabilities and preferred stock	1.06	—
Return on assets A financial ratio that shows a company’s profitability compared to its assets	2.22%	—
Return on capital Company’s return above the average cost it pays for its debt and equity capital	6.86%	—

Cash Flow



Net change in cash

(USD)	Dec 2023info Fiscal Q4 2023 ended 12/31/23. Reported on 2/4/24.	Y/Y change
Net income Company’s earnings for a period net of operating costs, taxes, and interest	446.00M	25.63%
Cash from operations Net cash used or generated for core business activities	477.00M	-23.31%
Cash from investing Net cash used or generated in investing activities such as purchasing assets	-492.00M	13.38%
Cash from financing Net cash used or generated in financing activities such as dividend payments and loans	-353.00M	15.14%
Net change in cash The amount by which a company's cash balance increases or decreases in an accounting period	-363.00M	-2.54%
Free cash flow Amount of cash a business has after it has met its financial obligations such as debt and outstanding payments	150.25M	105.29%

Stock

Ownership of a fraction of a corporation and the right to claim a share of the corporation's assets and profits equal to the amount of stock owned

US listed security

Listed on NYSE

US headquartered

Headquartered in New York, New York, United States

Previous close

The last closing price

$75.10

Day range

The range between the high and low prices over the past day

$74.73 - $75.23

Year range

The range between the high and low prices over the past 52 weeks

$52.85 - $75.67

Market cap

A valuation method that multiplies the price of a company's stock by the total number of outstanding shares.

16.63B USD

Avg Volume

The average number of shares traded each day over the past 30 days

893.92K

P/E ratio

The ratio of current share price to trailing twelve month EPS that signals if the price is high or low compared to other stocks

11.89

Dividend yield

The ratio of annual dividend to current share price that estimates the dividend return of a stock

0.33%

Primary exchange

Listed exchange for this security

NYSE

About



Loews Corporation is an American conglomerate headquartered in New York City. The company's majority-stake holdings include CNA Financial Corporation, Boardwalk Pipeline Partners, Loews Hotels and Altium Packaging.The corporation positions itself as a value investor with a long-term focus. In recent years, Loews has also allocated significant capital for share buybacks. In the three years ended December 31, 2012, Loews spent $1.3 billion repurchasing shares. Between 1971 and 2020, the corporation reduced its shares outstanding from 1.3 billion shares to 291 million shares. Wikipedia

CEO

James Tisch

Founded

1969

Headquarters

New York, New YorkUnited States

Website

loews.com

Employees

12,280

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Loews Corp (L) Stock Price & News - Google Finance (2024)

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