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Valued at a market cap of $19.8 billion, Loews Corporation (L) is a diversified holding company with subsidiaries in commercial property and casualty insurance, natural gas transportation and storage, offshore drilling, and hospitality. Headquartered in New York, it operates globally across insurance, energy, and hotel markets.
Shares of the commercial property and casualty insurance company have outperformed the broader market over the past 52 weeks. L stock has risen 18.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 14.7%. On a YTD basis, shares of the company are up 12.6%, compared to SPX’s 9.5% gain.