CNA Financial parent Loews Corp slips on weak results

Loews

01/08/2022 13:50

** Diversified holding co Loews Corporation's shares  L.N 
slip 1.3% to $57.50 premarket
    ** Co posts earnings of 73 cents per share and net income of
$180 mln in Q2 of 2022, compared to net income of $754 mln or
$2.86 per share in Q2 of the previous year 
    ** Loews is a diversified holding company operating in the
insurance, energy, hospitality and packaging industries
    ** Its publicly traded co for property and casualty
insurance, CNA Financial  CNA.N , misses both revenue and profit
estimates for Q2
    ** One out of five brokerages rate CNA as "buy", three
"hold" and one "sell"; their median PT is $49 - Refinitiv data
    ** Up to last close, L had risen 0.9% so far this year,
while CNA had gained 0.4% YTD

 (Reporting by Bansari Mayur Kamdar in Bengaluru)
 ((BansariMayur.Kamdar@thomsonreuters.com;))