Loews (L) stock
Financials · Multi-line Insurance
Loews (L) is a Multi-line Insurance company in the Financials sector, headquartered in New York City, New York. As of October 23, 2026, L closed at $112.01, a market capitalization of $22.90 billion, the 379th largest company in the S&P 500. Over the last twelve months it generated $18.69 billion in revenue (+4% year over year) and $1.77 billion in free cash flow. The stock trades at 13.7x trailing earnings and 38.6x forward earnings.
- 1-year total return: +12.3% (dividends reinvested)
- 5-year return: +14.6% a year
- 52-week range: $97.38 – $121.01
- Gross margin 36.3%, operating margin 14.5%
- Dividend yield: 0.22%
- FI Handbook report card: C+ across 10 metrics
- 64th largest of 76 Financials stocks in the S&P 500
L price chart
1Y price change: +12.1% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| L | +6.6% | +6.5% | +12.3% | +21.9% | +14.6% | +11.1% | +12.4% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1980.
L key statistics
- Market cap
- $22.9B
- #379 in S&P 500
- P/E (TTM)
- 13.7x
- Forward P/E
- 38.6x
- EPS (TTM)
- $8.16
- Revenue (TTM)
- $18.7B
- +4%
- Free cash flow
- $1.8B
- Gross margin
- 36.3%
- Operating margin
- 14.5%
- Return on equity
- 9.3%
- Dividend yield
- 0.22%
- 52-week range
- $97.38 – $121.01
- Beta
- 0.50
- Price / sales
- 1.2x
- EV / EBITDA
- 8.1x
- Debt / equity
- 0.45x
- Employees
- 13,100
L report card
C+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth3.9%D
- Gross margin36.3%C
- Operating margin14.5%C
- FCF margin9.4%C
- Return on equity9.3%D
- Net debt / EBITDA0.8xB
- Forward P/E38.6xD
- PEG ratio1.3xB
- Shareholder yield3.7%B
- Share count change / yr-5.7%A
Loews financials
Revenue went from $3.6B in fiscal 2016 to $3.2B in fiscal 2025, shrinking 1.3% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.6B | $4.0B | $3.9B | $3.9B | $2.8B | $2.0B | $2.1B | $2.4B | $2.9B | $3.2B |
| Gross profit | $3.3B | $3.7B | $3.0B | $2.8B | — | — | — | — | — | — |
| Net income | $654.0M | $1.2B | $636.0M | $932.0M | -$931.0M | $1.6B | $822.0M | $1.4B | $1.4B | $1.7B |
| EPS (diluted) | $1.93 | $3.45 | $1.99 | $3.07 | $-3.32 | $6.00 | $3.38 | $6.29 | $6.41 | $7.97 |
| Free cash flow | $803.0M | $1.6B | $3.2B | $700.0M | $1.0B | $2.1B | $2.7B | $3.2B | $2.4B | $2.7B |
| Buybacks | $134.0M | $216.0M | $1.0B | $1.1B | $923.0M | $1.1B | $729.0M | $849.0M | $608.0M | $806.0M |
| Dividends paid | $84.0M | $84.0M | $80.0M | $76.0M | $70.0M | $65.0M | $61.0M | $57.0M | $55.0M | $52.0M |
| Diluted shares | 338.3M | 337.5M | 319.9M | 303.4M | 280.3M | 260.2M | 243.3M | 227.8M | 220.5M | 209.1M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into L?
A reverse DCF asks what growth the current price requires. With an enterprise value of $25.4B and $1.8B of trailing free cash flow, Loews needs to grow free cash flow about 2.5% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 21.1% a year over the last five years.
P/E ratio history
Current 14.1x vs. median 17.1x (10th–90th percentile 11.6x–31.9x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
L dividend
- Dividend yield
- 0.22%
- Annual dividend
- $0.25
- Years of increases
- —
- 5-yr dividend growth
- 0.0%
- per year
- Payout ratio
- 3%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
L earnings
Next report: November 2, 2026. Loews has beaten EPS estimates 1 quarters in a row.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Feb 10, 2020 | $0.73 | $1.11 | +52.5% |
| Oct 28, 2019 | $0.68 | $0.22 | -67.5% |
| Aug 5, 2019 | $0.75 | $0.91 | +22.4% |
| Apr 29, 2019 | $0.96 | $1.15 | +20.2% |
| Feb 11, 2019 | $0.33 | $-0.35 | -206.6% |
| Nov 5, 2018 | $1.01 | $0.84 | -16.2% |
| Jul 30, 2018 | $0.73 | $0.76 | +3.8% |
| Apr 30, 2018 | $0.78 | $0.89 | +13.8% |
Stocks like L
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|---|---|---|---|---|---|
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 V Visa | -1.55% | +19% | $765.8B | 34.7x | Compare |
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 MS Morgan Stanley | -2.44% | +15% | $280.9B | 14.2x | Compare |
L news
- Loews (L) Stock Looks Reasonable After A 92% Five Year Gain · Oct 16, 2026
- Is Loews Stock Underperforming the Nasdaq? · Sep 21, 2026
- Loews (L) Grows Profit And Book Value, But Underwriting Slips · Sep 7, 2026
- Loews Reports Higher Second-Quarter Profit as Revenue Continues to Grow · Aug 3, 2026
- Hotels and pipelines drive Loews profits higher as insurance underwriting softens · Aug 3, 2026
L stock FAQ
What is L's market cap?
Loews's market capitalization is $22.90 billion as of October 23, 2026, ranking 379th in the S&P 500.
What is L's P/E ratio?
L trades at a trailing price-to-earnings ratio of 13.7x and a forward P/E of 38.6x. Its median P/E over the period we track is 17.1x.
Does L pay a dividend?
Yes. Loews pays $0.25 per share a year, a 0.22% yield. Dividends grew 0.0% a year over the last five years.
How much has L stock returned?
Including reinvested dividends, L returned +12.3% over one year, +14.6% a year over five years, +11.1% a year over ten years through October 23, 2026.
Is L stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Loews must grow free cash flow about 2% a year for the next decade. Its free cash flow grew 21% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does L report earnings?
Loews is expected to report earnings on November 2, 2026. It has beaten EPS estimates 1 quarters in a row.
How many employees does Loews have?
Loews has about 13,100 full-time employees, or $1.4 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology