Loews Corp -excerpt from Barrons

Here is an excerpt:
“Loews shares are trading below the net asset value of its public holdings, meaning investors essentially get the company's $3.4 billion in cash and its other assets for free. A back-of-the envelope calculation of Loews' new asset-value yields a value of about $53 per share, well above the current share price of about $37. That's about a 29% discount.”