We are retaining our Neutral rating on Loews Corporation (NYSE:L) as the company’s performance was weighed upon by lower limited partnership investment results and elevated natural catastrophe losses at CNA and a weaker performance of equity-based investment in the Loews holding company portfolio.
Loews reported third-quarter adjusted net income of 44 cents per share, lagging the Zacks Consensus Estimate by 10 cents, though results were far ahead of 5 cents earned in the prior-year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards