CNA Financial hits its 12th new 52-week low, concerning for Loews Corporation which owns 92% of CNA’s stock. Despite Loews’ stock outperforming, the decline in CNA stock raises red flags for the holding company. Loews has a rich history, including acquiring CNA in 1974.
Loews has seen growth in its stock, while CNA stock has declined nearly 10% over the past year. The holding company’s ownership of CNA has resulted in significant dividends received, totaling $1.89 billion over two years. Loews owns 248.41 million shares of CNA stock and has a diversified investment portfolio.
CNA is part of a larger holding company owning three private subsidiaries and has significant cash and investments. Loews emphasizes the importance of dividends received from CNA and other subsidiaries. Despite market fluctuations, Loews remains committed to its long-term investment strategy.
Market timing versus time in the market is a key consideration for investors. Loews’ acquisition of CNA has resulted in substantial dividends received over the years. The Tisch family’s strategic investments have proven successful, despite short-term market challenges.
The Tischs’ history of strategic investments, like acquiring CNA in 1974, has paid off in dividends and long-term growth. Loews’ focus on patient investing has generated significant returns over the years. Market fluctuations may impact short-term performance, but Loews remains a solid long-term investment.
Read more at Yahoo Finance: CNA Financial Hits Another 52-Week Low. Is This the Kiss of Death for Loews?