Today, the VP & CAO of Loews Corp (L), Mark S. Schwartz, bought shares of L for $205.
In addition to Mark S. Schwartz, 4 other L executives reported Buy trades in the last month. This is Schwartz’s first Buy trade following 3 Sell transactions.
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Based on Loews Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $3.58 billion and quarterly net profit of $278 million. In comparison, last year the company earned revenue of $3.46 billion and had a net profit of $157 million. L’s market cap is $14.2B and the company has a P/E ratio of 11.50. Currently, Loews Corp has an average volume of 1.58M.
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Loews Corp. is a holding company, which engages in the oil and gas business. It operates through the following segments: CNA Financial, Diamond Offshore, Boardwalk Pipeline, Loews Hotels, Corporate and Other. The CNA Financial segment offers property, casualty, insurance, and underwriting services. The Diamond Offshore segment manages drilling rigs.
