Loews stock forecast 2027–2029
MyStockButler's October 2026 analysis: The weighted scenario puts Loews at $136.72 in October 2029, a 21% total return. It hinges on profitable CNA underwriting, productive Boardwalk investment, and cash that reaches the parent.
Where could Loews’s shares be by 2029?
The weighted price is $116.55 in October 2027, a 3% total return including dividends. It reaches $126.14 in October 2028, an 11% return. By October 2029, it reaches $136.72, a 21% return.
The range is much wider than the weighted path. By October 2029, the bear case reaches $81.71, while the bull case reaches $195.28. The base case carries 55%. The bear and bull cases carry 25% and 20%, respectively.
| Case | Probability | October 2027 | October 2028 | October 2029 |
|---|---|---|---|---|
| Bear | 25 % | 93.72 (-17 %) | 88.10 (-22 %) | 81.71 (-27 %) |
| Base | 55 % | 119.22 (+5 %) | 129.50 (+14 %) | 140.44 (+24 %) |
| Bull | 20 % | 137.73 (+21 %) | 164.47 (+45 %) | 195.28 (+72 %) |
| Weighted | 100 % | 116.55 (+3 %) | 126.14 (+11 %) | 136.72 (+21 %) |
What this means. The weighted row is the average expected share value after giving more influence to the cases with higher probabilities.
What has to go right for Loews?
The base case assumes annual net income of $1,600 million. It subtracts $52 million of dividends. It also assumes $450 million of buybacks, leaving $1,098 million of annual retained equity. This is below the $2,000 million bull-case earnings assumption but above the $900 million bear-case assumption. The bear case adds a one-time $1,000 million catastrophe or investment loss, while the bull case assumes stronger CNA pricing, manageable reserves and successful Boardwalk and hotel investments. Loews earned $1,667 million in 2025, but provides no consolidated earnings guidance.
How much cash does Loews really make?
Boardwalk generated $1,042.6 million of operating cash flow in 2025 and spent $353.9 million on capital projects. Maintenance capital was $194.2 million, which preserves existing capacity rather than expanding it. Boardwalk expected $845 million of capital spending in 2026, including $620 million for growth.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Cash and short-term investments (calculated) | 6,539 | 5,147 | 4,795 | 5,386 | 5,481 |
| Total assets | 86,348 | 81,943 | 79,197 | 75,567 | 82,079 |
| Total debt (calculated) | 9,489 | 8,944 | 9,003 | 9,019 | 9,079 |
What this means. The debt amount includes the company's subsidiaries and finance leases, not just its regular loans.
What does an investor pay for Loews today?
Book value means recorded assets minus recorded liabilities. On October 22, 2026, the $113.68 share price was 1.22x book value, meaning investors paid more than the company’s recorded net assets. That premium can make sense if the businesses are worth more than their accounting values or earn attractive returns.
| Today (Oct 22, 2026) | |
|---|---|
| Share price | 113.68 |
| Market value (every class) (calculated) | 23,239.34 |
| Price to book (calculated) | 1.22x |
| Dividend yield (calculated) | 0.2% |
What this means. A price to book of 1.22 means investors pay 1.22 dollars for every 1 dollar of what the company owns after debts.