Upside case
Bull case
$180+70.8%
The bull case requires both strong earnings delivery and the market pricing L more generously than it does today.
Analysis OverviewBuyUpdated May 1, 2026
Loews Corporation (L) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
4
analysts
2 bullish · 0 bearish · 4 covering L
Strong Buy
0
Buy
2
Hold
2
Sell
0
Strong Sell
0
Consensus Target
—
— vs today
Scenario Range
— – $180
Model bear to bull value window
Coverage
4
Published analyst ratings
Valuation Context
—
Forward P/E · Market cap $21.7B
L price targets
Three scenarios for where L stock could go
Current
~$105
Confidence
46 / 100
Updated
May 1, 2026
Where we are now
Current · $105
Base
$139
Bull
$180
Market caseClosest to today
Base case
$139+32.2%
The base case reflects analyst consensus expectations — steady delivery without requiring a major catalyst or re-rating.
Stress case
Bear case
—
The bear case reflects a scenario where earnings shortfalls or multiple compression combine to materially reduce the stock from its current level.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Loews Corporation
L · NYSEFinancial ServicesInsurance - Property & CasualtyDecember year-end
Loews Corporation is a diversified holding company operating primarily in commercial property and casualty insurance through its CNA Financial subsidiary. It generates revenue from insurance premiums — with specialty lines like management liability and surety bonds — plus pipeline transportation fees from its Boardwalk Pipeline energy infrastructure business. The company's competitive advantage lies in its diversified portfolio approach, combining stable insurance cash flows with regulated energy infrastructure assets.
Market Cap
$21.7B
Revenue TTM
$18.3B
Net Income TTM
$1.9B
Net Margin
10.2%
L Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
—No data
12 quarters tracked
Revenue Beat Rate
—No data
vs consensus estimates
Avg EPS Surprise
—
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 0 of 4Q3 2025
EPS
$1.87/—
Revenue
$4.5B/—
Q4 2025
EPS
$2.43/—
Revenue
$4.6B/—
Q1 2026
EPS
$1.94/—
Revenue
$4.7B/—
Q2 2026
EPS
$1.63/—
Revenue
$4.6B/—
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $1.87/— | — | $4.5B/— | — |
| Q4 2025 | $2.43/— | — | $4.6B/— | — |
| Q1 2026 | $1.94/— | — | $4.7B/— | — |
| Q2 2026 | $1.63/— | — | $4.6B/— | — |
FY1–FY2 Estimates
Revenue Outlook
FY1
$19.5B
+6.6% YoY
FY2
$20.8B
+6.6% YoY
EPS Outlook
FY1
$9.72
+7.3% YoY
FY2
$10.54
+8.4% YoY
Trailing FCF (TTM)$2.2B
FCF Margin: 11.9%
Next Earnings
—
Expected EPS
—
Expected Revenue
—
L beat EPS estimates in 0 of 4 tracked quarters. Mixed delivery makes the upcoming report a key data point for re-rating.
L Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $25.8B
Product Mix
Latest annual revenue by segment or product family
CNA Financial Corporation
58.0%
+5.0% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
UNITED STATES
70.8%
YoY unavailable
Tap, hover, or focus a slice to inspect segment detail.
CNA Financial Corporation is the largest disclosed segment at 58.0% of FY 2025 revenue, up 5.0% YoY.
UNITED STATES is the largest reported region at 70.8%, with no year-over-year comparison yet.
L Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Slightly Overvalued
Fair value est. $96 — implies -13.7% from today's price.
Premium to Fair Value
13.7%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
L
13.2x
vs
S&P 500
25.2x
48% discount
vs Financial Services Trailing P/E
L
13.2x
vs
Financial Services
13.4x
In line with benchmark
vs L 5Y Avg P/E
Today
13.2x
vs
5Y Average
12.9x
In line with benchmark
Forward PE
—
S&P 500
19.1x
—
Financial Services
10.5x
—
5Y Avg
—
—
Trailing PE
13.2x
S&P 500
25.2x
-48%
Financial Services
13.4x
-1%
5Y Avg
12.9x
+3%
PEG Ratio
—
S&P 500
1.75x
—
Financial Services
1.03x
—
5Y Avg
—
—
EV/EBITDA
10.6x
S&P 500
15.3x
-31%
Financial Services
11.4x
-7%
5Y Avg
10.8x
-2%
Price/FCF
8.0x
S&P 500
21.3x
-62%
Financial Services
10.6x
-25%
5Y Avg
6.6x
+21%
Price/Sales
1.2x
S&P 500
3.1x
-62%
Financial Services
2.3x
-47%
5Y Avg
1.1x
+10%
Dividend Yield
0.24%
S&P 500
1.88%
-87%
Financial Services
2.68%
-91%
5Y Avg
0.35%
-33%
| Metric | L | S&P 500 | Financial Services | 5Y Avg L |
|---|---|---|---|---|
| Forward PE | — | 19.1x | 10.5x | — |
| Trailing PE | 13.2x | 25.2x-48% | 13.4x | 12.9x |
| PEG Ratio | — | 1.75x | 1.03x | — |
| EV/EBITDA | 10.6x | 15.3x-31% | 11.4x | 10.8x |
| Price/FCF | 8.0x | 21.3x-62% | 10.6x-25% | 6.6x+21% |
| Price/Sales | 1.2x | 3.1x-62% | 2.3x-47% | 1.1x+10% |
| Dividend Yield | 0.24% | 1.88% | 2.68% | 0.35% |
L trades above S&P 500 benchmarks on 0 of 4 measured multiples — appears modestly priced relative to the S&P 500 on most measures.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolL Financial Health
Verdict
Adequate
L posts 10.2% net margin with 9.7% ROE — the core signals of underwriting discipline and capital efficiency.
Underwriting & Earnings
Premium revenue, margins, and returns
Revenue (TTM)
Trailing-twelve-month sales base
$18.3B
Revenue Growth
TTM vs prior year
+4.5%
Operating Margin
Operating income divided by revenue
12.6%
Net Margin
Net income divided by revenue
10.2%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$9.06
ROE
Return on equity — measures underwriting and investment efficiency
9.7%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
6.2%
ROA
Return on assets, trailing twelve months
2.2%
Cash & Equivalents
Liquid assets on the balance sheet
$495M
Net Debt
Total debt minus cash
$9.0B
FCF Analysis
Traditional FCF and debt/FCF ratios are not meaningful for financial companies. Focus on ROE and ROA above.
ROE
Return on equity, trailing twelve months
9.7%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
4.0%
Dividend
0.2%
Buyback
3.7%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$806M
Dividend / Share
Annualized trailing dividend per share
$0.25
Payout Ratio
Share of earnings distributed as dividends
3.1%
Shares Outstanding
Declining as buybacks retire shares
206M
All figures from the trailing twelve months. For financial companies, ROE and ROA are the primary health signals — FCF-based metrics are not applicable.
Open full ratios pageL Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 29, 2026
High Risk
Holding Company Discount
Loews Corporation's stock often trades at a discount compared to the sum of its individual subsidiaries' valuations. This 'holding company discount' poses a risk if the market continues to undervalue the conglomerate's parts, potentially leading to a lower overall stock price.
High Risk
Subsidiary Performance
The financial health and performance of Loews' subsidiaries directly impact the overall stock value. Poor performance in one or more key subsidiaries could significantly affect the company's financial standing and stock price.
High Risk
Insider Selling
Recent significant insider selling has been noted, which can be interpreted negatively by investors. Such actions may signal a lack of confidence in the company's future prospects, potentially leading to a decline in stock value.
Medium
Market Volatility
L stock is subject to market fluctuations, which can be influenced by broader economic conditions, government regulations, and political events. Despite showing stable price volatility over the past year, these external factors can still impact stock prices.
Medium
Interest Rate Risk
Changes in interest rates can affect the value of fixed-income securities, which may indirectly influence Loews Corporation. As the company operates in sectors sensitive to interest rates, fluctuations could impact its financial performance.
Medium
Operational Efficiency
Inefficiencies in operational metrics such as EBIT/Total Assets and Sales/Total Assets can increase investment risk. If Loews fails to optimize its asset utilization, it may struggle to generate revenue and profits effectively.
Lower
Inflation Risk
Inflation can erode purchasing power and diminish returns on investments, particularly those with fixed rates of interest. This risk is relevant to Loews as it operates in various sectors that may be affected by rising inflation.
Lower
Industry-Specific Risks
Loews operates in multiple industries, each with unique risks such as regulatory changes and catastrophic events in the insurance sector. These industry-specific risks can affect the company's overall performance and stock value.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why L Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 29, 2026
Diversified Holdings
Loews operates as a holding company with diverse subsidiaries, including commercial property and casualty insurance (CNA Financial), offshore drilling (Diamond Offshore), and hotels (Loews Hotels). This diversification provides stable revenue streams and reduces reliance on any single industry.
Financial Strength and Valuation
The company often trades at a discount to the sum of its parts, which can be attractive to value investors. Its Price-to-Earnings (P/E) ratio is often below the broader U.S. market average, and Loews maintains a robust balance sheet with significant cash reserves relative to debt.
Shareholder Returns
Loews has a history of consistent dividend payouts and actively engages in share buyback programs, which can increase the intrinsic value per share over time.
Stable Performance
The stock has exhibited relatively low volatility compared to the broader market, with earnings showing consistent growth over the past five years.
Sector Tailwinds
The property and casualty insurance sector, a core part of Loews' business through CNA Financial, has shown positive signs with peers reporting premium gains and strong earnings.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
L Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$105.29
52W Range Position
67%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$85.70
+22.9% from the low
52-Week High
$114.90
-8.4% from the high
1 Month
-2.30%
3 Month
-5.37%
YTD
+0.6%
1 Year
+21.3%
3Y CAGR
+21.4%
5Y CAGR
+12.6%
10Y CAGR
+10.3%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
L vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
—
vs 10.8x median
Peer median unavailable
Revenue Growth
+6.6%
vs +2.4% median
+178% above peer median
Net Margin
10.2%
vs 11.8% median
-13% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
L L Loews Corporation | $21.7B | — | +6.6% | 10.2% | Buy | — |
MKL MKL Markel Corporation | $22.3B | 15.9x | +3.4% | 10.7% | Hold | +9.2% |
JEF JEF Jefferies Financial Group Inc. | $10.7B | 14.8x | -1.1% | — | Buy | +30.9% |
CNA CNA CNA Financial Corporation | $11.7B | 9.0x | +2.4% | 9.0% | Hold | +3.6% |
TRV TRV The Travelers Companies, Inc. | $65.2B | 10.8x | -1.4% | 12.9% | Hold | +3.8% |
HIG HIG The Hartford Financial Services Group, Inc. | $36.7B | 10.1x | +5.4% | 14.1% | Buy | +13.9% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
L Dividend and Capital Return
L returns capital mainly through $806M/year in buybacks (3.7% buyback yield), with a modest 0.24% dividend — combining for 4.0% total shareholder yield.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
4.0%
Dividend + buyback return per year
Buyback Yield
3.7%
Dividend Yield
0.24%
Payout Ratio
3.1%
How L Splits Its Return
Buyback 3.7%
Dividend 0.24%Buybacks 3.7%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.25
Growth Streak
Consecutive years of dividend increases
0Y
3Y Div CAGR
0.0%
5Y Div CAGR
0.0%
Ex-Dividend Date
—
Payment Cadence
Quarterly
4 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$806M
Estimated Shares Retired
8M
Approx. Share Reduction
3.7%
Shares Outstanding
Current diluted share count from the screening snapshot
206M
At 3.7%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.06 | — | — | — |
| 2025 | $0.25 | 0.0% | 3.7% | 3.9% |
| 2024 | $0.25 | 0.0% | 3.3% | 3.5% |
| 2023 | $0.25 | 0.0% | 5.4% | 5.7% |
| 2022 | $0.25 | 0.0% | 5.1% | 5.6% |
FAQ
6 questionsL Investor Questions
Common questions answered from live analyst data and company financials.
01Is Loews Corporation (L) stock a buy or sell in 2026?
Loews Corporation (L) is rated Buy by Wall Street analysts as of 2026. Of 4 analysts covering the stock, 2 rate it Buy or Strong Buy, 2 rate it Hold, and 0 rate it Sell or Strong Sell.
02Is Loews Corporation (L) stock overvalued in 2026?
Forward earnings data for L is not currently available. Review the valuation table above for trailing P/E, EV/EBITDA, and price-to-sales comparisons against market and sector benchmarks.
03What are the main risks for Loews Corporation (L) stock in 2026?
The primary risks for L in 2026 are: (1) Holding Company Discount — Loews Corporation's stock often trades at a discount compared to the sum of its individual subsidiaries' valuations. (2) Subsidiary Performance — The financial health and performance of Loews' subsidiaries directly impact the overall stock value. (3) Insider Selling — Recent significant insider selling has been noted, which can be interpreted negatively by investors. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
04What is Loews Corporation's revenue and earnings forecast?
Analyst consensus estimates L will report consensus revenue of $19.5B (+6.6% year-over-year) and EPS of $9.72 (+7.3% year-over-year) for the upcoming fiscal year. The following year, analysts project $20.8B in revenue.
05When does Loews Corporation (L) report its next earnings?
A confirmed upcoming earnings date for L is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
06How much free cash flow does Loews Corporation generate?
Loews Corporation (L) generated $2.2B in free cash flow over the trailing twelve months — a free cash flow margin of 11.9%. L returns capital to shareholders through dividends (0.2% yield) and share repurchases ($806M TTM).