Loblaw (TSX:L) and its parent company George Weston have agreed to pay $500 million to settle a class action lawsuit regarding the grocery chain's involvement in bread price-fixing. The plaintiffs alleged that between 2001 and 2015, a group of companies including Loblaws and the Weston companies, Metro, Walmart Canada, Giant Tiger and Sobeys and its owner Empire Company Limited engaged in a price-fixing conspiracy which artificially raised the prices of packaged bread.

NEW YORK, July 9, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) will report second quarter 2024 financial results on Monday, July 29, 2024. On that date the Company will also post earnings remarks on its website.

Jonathan Tisch, Loews Hotels executive chairman and New York Giants co-owner, joins 'Squawk on the Street' to discuss the executive chairman's thoughts on consumer spending, the company's hotel in Texas, and the trend for corporate travel.

Beacon Pointe Advisors LLC cut its holdings in shares of Loews Co. (NYSE:L – Free Report) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,145 shares of the insurance provider’s stock after selling 337 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Loews were worth $1,889,000 at the end of the most recent reporting period. Several other large investors also recently bought and sold shares of L. Northern Trust Corp raised its stake in Loews by 6.3% during the third quarter. Northern Trust Corp now owns 2,236,376 shares of the insurance provider’s stock worth $141,585,000 after purchasing an additional 131,736 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Loews by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,587,817 shares of the insurance provider’s stock worth $110,496,000 after acquiring an additional 21,323 shares during the last quarter. Royal Bank of Canada raised its position in Loews by 2.6% in the third quarter. Royal Bank of Canada now owns 935,189 shares of the insurance provider’s stock valued at $59,207,000 after purchasing an additional 23,756 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Loews by 316.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 580,107 shares of the insurance provider’s stock worth $36,727,000 after purchasing an additional 440,693 shares during the period. Finally, Barclays PLC lifted its position in Loews by 34.9% in the third quarter. Barclays PLC now owns 577,591 shares of the insurance provider’s stock valued at $36,568,000 after buying an additional 149,500 shares during the last quarter. Hedge funds and other institutional investors own 58.33% of the company’s stock. Loews Stock Up 0.7 % Shares of NYSE L opened at $77.74 on Monday. Loews Co. has a 1 year low of $55.94 and a 1 year high of $78.55. The company has a market capitalization of $17.21 billion, a price-to-earnings ratio of 11.53 and a beta of 0.82. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34. The business has a 50-day moving average of $76.41 and a two-hundred day moving average of $72.76. Loews (NYSE:L – Get Free Report) last posted its earnings results on Monday, May 6th. The insurance provider reported $2.05 EPS for the quarter. Loews had a net margin of 9.27% and a return on equity of 9.45%. The firm had revenue of $4.23 billion for the quarter. Loews Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Wednesday, May 29th will be paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Wednesday, May 29th. Loews’s dividend payout ratio is currently 3.71%. Insiders Place Their Bets In other Loews news, Director Paul J. Fribourg sold 951 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $75.02, for a total transaction of $71,344.02. Following the completion of the sale, the director now directly owns 21,200 shares of the company’s stock, valued at approximately $1,590,424. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Loews news, insider Jonathan M. Tisch sold 50,000 shares of Loews stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $77.39, for a total value of $3,869,500.00. Following the sale, the insider now owns 607,799 shares of the company’s stock, valued at approximately $47,037,564.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul J. Fribourg sold 951 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $75.02, for a total value of $71,344.02. Following the transaction, the director now owns 21,200 shares in the company, valued at approximately $1,590,424. The disclosure for this sale can be found here. In the last three months, insiders have sold 150,951 shares of company stock valued at $11,659,844. Insiders own 18.70% of the company’s stock. About Loews (Free Report) Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers specialty insurance products, such as management and professional liability, and other coverage products; surety and fidelity bonds; property insurance products that include standard and excess property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto, surplus, and umbrella coverages. See Also Five stocks we like better than Loews What is a Low P/E Ratio and What Does it Tell Investors? Canada Goose Flies Higher Driven By DTC Growth Stock Splits, Do They Really Impact Investors? CVS Health Stock Has a Silver Lining Called Value Profitably Trade Stocks at 52-Week Highs Magnificent 7 Still Magnificent as the Halfway Mark Approaches?

NEW YORK, May 14, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) announced today the declaration of the Company's quarterly dividend of $0.0625 per share of Common Stock, payable June 11, 2024 to shareholders of record as of the close of business on May 29, 2024. Loews Corporation is a diversified company with businesses in the insurance, energy, hospitality, and packaging industries.

NEW YORK, May 6, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) today released its first quarter 2024 financial results. First Quarter 2024 highlights: Loews Corporation reported net income of $457 million, or $2.05 per share, in the first quarter of 2024, which represents a 22% increase over $375 million, or $1.61 per share, in the first quarter of 2023.

NEW YORK , April 16, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) will report first quarter 2024 financial results on Monday, May 6, 2024. On that date the Company will also post earnings remarks on its website.

$550 Million Hotel Development is Loews' Second Loews Property in the Metroplex, adding 888 rooms and 266,000 square feet of function space to Arlington's Entertainment District ARLINGTON, Texas , Feb. 13, 2024 /PRNewswire/ -- Loews Hotels & Co, a wholly owned subsidiary of Loews Corporation (NYSE: L), today opens the Loews Arlington Hotel and Convention Center. The hotel is Loews' second and largest hotel in Arlington, Texas and the first-of-its-kind in the market, ushering a new era of hospitality to North Texas.

NEW YORK , Feb. 6, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) announced today the declaration of the Company's quarterly dividend of $0.0625 per share of Common Stock, payable March 5, 2024 to shareholders of record as of the close of business on February 21, 2024. Loews Corporation is a diversified company with businesses in the insurance, energy, hospitality, and packaging industries.

Loews Corporation (L) Q4 2023 Earnings Call Transcript

Loews Corp on Monday reported a near 26% jump in fourth-quarter profit, as higher premiums and a market rally at the end of last year helped the insurer earn more on its investments.

14.0 MILLION COMMON SHARES REPURCHASED IN 2023 FOR $852 MILLION NEW YORK, Feb. 5, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) today released its fourth quarter 2023 financial results.  Fourth Quarter highlights: Loews Corporation reported net income of $446 million, or $1.99 per share, in the fourth quarter of 2023, which represents a 26% increase over $355 million, or $1.49 per share, in the fourth quarter of 2022.