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Valued at a market cap of $18 billion, New York-based Loews Corporation (L) is a diversified holding company with interests across multiple sectors, including insurance, energy, hospitality, and manufacturing. Its portfolio includes CNA Financial for insurance, Boardwalk Pipeline Partners for natural gas infrastructure, Diamond Offshore for drilling services, and Loews Hotels for hospitality operations.
Shares of this commercial property and casualty insurance company have outperformed the broader market over the past 52 weeks. L has gained 31.2% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 24.3%. In 2024, shares of L are up 17.4%, closely mirroring SPX’s 17.2% gain on a YTD basis.