Is Wall Street Bullish or Bearish on Loews Stock?

WIth a market cap of around $19 billion, New York-based Loews Corporation (L) is a diversified holding company with operations in insurance, energy, hospitality, and manufacturing. Its subsidiaries engage in commercial property and casualty insurance, offshore oil and gas drilling, natural gas transportation and storage, hotel management, and plastics manufacturing.

Shares of the commercial property and casualty insurance company have underperformed the broader market over the past 52 weeks. L has risen 25.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 31.8%. In 2024, shares of L are up 25.1%, slightly lagging behind SPX’s 25.8% gain on a YTD basis.