Stock Review: Loews (LTR)
Loews Corporation, through its subsidiaries, provides commercial property and casualty insurance primarily to businesses, associations, professionals, and groups and individuals. Its property insurance provides property coverage, marine coverage, and boiler and machinery to various businesses. It offers management and professional liability insurance; and risk management, information services, warranty, and claims administration services.
The company also engages in the production and sale of cigarettes. It involves in the interstate transportation and storage of natural gas through approximately 13,400 miles of natural gas transmission pipeline. In addition, the company operates 44 offshore oil and gas drilling rigs that are chartered on a contract basis for in the exploration and production of hydrocarbons. These rigs are located primarily in the Gulf of Mexico region, Brazil, and the North Sea. Further, Loews owns and operates hotels. It operates 18 hotels, including 16 in the United States and 2 in Canada. Additionally, Loews distributes and sells watches and clocks.
The company also engages in the production and sale of cigarettes. It involves in the interstate transportation and storage of natural gas through approximately 13,400 miles of natural gas transmission pipeline. In addition, the company operates 44 offshore oil and gas drilling rigs that are chartered on a contract basis for in the exploration and production of hydrocarbons. These rigs are located primarily in the Gulf of Mexico region, Brazil, and the North Sea. Further, Loews owns and operates hotels. It operates 18 hotels, including 16 in the United States and 2 in Canada. Additionally, Loews distributes and sells watches and clocks.
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