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CNA CNA Financial

CNA is one of the largest U.S. commercial property and casualty insurance companies. CNA provides a broad range of standard and specialized property and casualty insurance products and services for businesses and professionals in the U.S., Canada and Europe, backed by more than 120 years of experience and approximately $45 billion of invested assets.

Company profile

CNA stock data

(
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Investment data

Data from SEC filings
Top 50 of 190 long holdings
End of quarter 31 Dec 20
Value
 
#Shares
 
Prev Q
 
Change
%, QoQ
$9.67M 90.25K 80K +12.8
$8.2M 30K 25K +20.0
$8.19M 45K 35K +28.6
$7.66M 58K 65K -10.8
$7.44M 120K 125K -4.0
$7.24M 57K 80K -28.7
$6.92M 125K 170K -26.5
$6.92M 33.25K 30K +10.8
$6.91M 95K 115K -17.4
$6.73M 85.5K 70K +22.1
$6.49M 95K 100K -5.0
$6.21M 57K 60K -5.0
$6.04M 200K 200K 0
$5.73M 109.25K 120K -9.0
$5.69M 50K NEW
$5.59M 125K 155K -19.4
$5.55M 15K NEW
$5.02M 100K 100K 0
$4.7M 125K 350K -64.3
$4.65M 237.5K 500K -52.5
$4.45M 45K 60K -25.0
$4.44M 20K NEW
$4.36M 175K NEW
$4.25M 45K NEW
$3.53M 9K NEW
$3.3M 20.82K 20.71K +0.5
$3.04M 40K 60K -33.3
$2.98M 32.14K 32.13K 0
$2.8M 27.43K 24.49K +12.0
$2.73M 10K 20.5K -51.2
$2.51M 21.32K 23.46K -9.1
$2.34M 40K NEW
$2.25M 45K NEW
$2.21M 11.35K 11.13K +2.0
$2.18M 10K NEW
$2.11M 18.56K 17.64K +5.2
$2.09M 111.82K 111.82K 0
$2.07M 19.59K 19.81K -1.1
$1.97M 2.46K 2.83K -13.2
$1.96M 15.19K 15.19K 0
$1.93M 21.87K 20.8K +5.2
$1.92M 22.25K 24.02K -7.4
$1.87M 11.68K 11.68K 0
$1.67M 20K 20K 0
$1.63M 25.92K 26.2K -1.0
$1.63M 37.71K NEW
$1.61M 47.49K NEW
$1.51M 50.35K 50.35K 0
$1.48M 19.06K 19.52K -2.4
$1.45M 8.36K 8.36K 0
Holdings list only includes long positions. Only includes long positions.

Calendar

9 Feb 21
12 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 419M 419M 419M 419M 419M 419M
Cash burn (monthly) 7.67M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 26.2M n/a n/a n/a n/a n/a
Cash remaining 392.8M n/a n/a n/a n/a n/a
Runway (months of cash) 51.2 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
6 Apr 21 Daniel Paul Franzetti Common Stock Payment of exercise Dispose F No No 46.31 7,544 349.36K 46,937
15 Mar 21 Aguinaga Elizabeth Ann Common Stock Payment of exercise Dispose F No No 45.98 3,236 148.79K 43,117
15 Mar 21 Aguinaga Elizabeth Ann Common Stock Grant Aquire A No No 0 19,617 0 46,353
15 Mar 21 Daniel Paul Franzetti Common Stock Grant Aquire A No No 0 20,422 0 54,481
15 Mar 21 Michael Anthony Costonis Common Stock Payment of exercise Dispose F No No 45.98 2,235 102.77K 82,884
15 Mar 21 Michael Anthony Costonis Common Stock Grant Aquire A No No 0 39,086 0 85,119
15 Mar 21 Leidwinger Kevin James Common Stock Payment of exercise Dispose F No No 45.98 7,604 349.63K 111,476
15 Mar 21 Leidwinger Kevin James Common Stock Grant Aquire A No No 0 39,988 0 119,080

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

99.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 158 165 -4.2%
Opened positions 28 32 -12.5%
Closed positions 35 27 +29.6%
Increased positions 54 44 +22.7%
Reduced positions 56 61 -8.2%
13F shares
Current Prev Q Change
Total value 12.35B 8.06B +53.1%
Total shares 268.84M 268.69M +0.1%
Total puts 39.9K 59.6K -33.1%
Total calls 64.8K 54.6K +18.7%
Total put/call ratio 0.6 1.1 -43.6%
Largest owners
Shares Value Change
L Loews 243.21M $9.48B 0.0%
TROW T. Rowe Price 5.9M $229.81M +2.8%
JPM JPMorgan Chase & Co. 1.61M $62.77M +41.2%
Donald Smith & Co. 1.55M $60.24M -2.5%
LSV Asset Management 1.41M $54.94M +3.2%
First Trust Advisors 1.4M $54.41M -20.8%
River Road Asset Management 1.35M $52.56M +103.8%
BLK Blackrock 1.12M $43.83M +5.9%
BK Bank Of New York Mellon 1.04M $40.35M +22.9%
Private Management 962.45K $37.5M +1.5%
Largest transactions
Shares Bought/sold Change
River Road Asset Management 1.35M +687.01K +103.8%
Robeco Institutional Asset Management B.V. 0 -591.23K EXIT
JPM JPMorgan Chase & Co. 1.61M +470.24K +41.2%
Norges Bank 418.77K +418.77K NEW
First Trust Advisors 1.4M -367.02K -20.8%
Towle & Co 0 -285.98K EXIT
Renaissance Technologies 307.9K -234.6K -43.2%
BK Bank Of New York Mellon 1.04M +192.8K +22.9%
TROW T. Rowe Price 5.9M +163.23K +2.8%
Schroder Investment Management 114.67K +114.67K NEW

Financial report summary

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Risks
  • The COVID-19 pandemic and measures to mitigate the spread of the virus have resulted in significant risk across our enterprise, which have had, and may continue to have, material adverse impacts on our business, results of operations and financial condition, the extent of which cannot be determined with any certainty at this time.
  • If we determine that our recorded insurance reserves are insufficient to cover our estimated ultimate unpaid liability for claim and claim adjustment expenses, we may need to increase our insurance reserves which would result in a charge to our earnings.
  • Our actual experience could vary from the key assumptions used to determine active life reserves for long term care policies.
  • We are vulnerable to material losses from natural and man-made disasters.
  • We are exposed to, and may face adverse developments related to, mass tort claims that could arise from our insureds’ sale or use of potentially harmful products or substances, changes to the social and legal environment, issues related to altered interpretation of coverage and other new and emerging claim theories.
  • We may not be able to obtain sufficient reinsurance at a cost or on terms and conditions we deem acceptable, which could result in increased exposure to risk or a decrease in our underwriting commitments.
  • We face intense competition in our industry; we may be adversely affected by the cyclical nature of the property and casualty business and the evolving landscape of our distribution network.
  • We may be adversely affected by technological changes or disruptions in the insurance marketplace.
  • We face considerable competition within our industry for qualified, specialized talent and any significant inability to attract and retain talent may adversely affect the execution of our business strategies.
  • We are controlled by a single stockholder which could result in potential conflicts of interest.
  • We may incur significant realized and unrealized investment losses and volatility in net investment income arising from changes in the financial markets.
  • We use analytical models to assist our decision making in key areas such as pricing, reserving and capital modeling and may be adversely affected if actual results differ materially from the model outputs and related analyses.
  • Any significant breach in our data security infrastructure could disrupt business, cause financial losses and damage our reputation.
  • Inability to detect and prevent significant employee or third party service provider misconduct, inadvertent errors and omissions, or exposure relating to functions performed on our behalf could result in a materially adverse effect on our business, results of operations and financial condition.
  • Loss of key vendor relationships and issues relating to the transitioning of vendor relationships could compromise our ability to conduct business.
  • Our insurance subsidiaries, upon whom we depend for dividends in order to fund our corporate obligations, are limited by insurance regulators in their ability to pay dividends.
  • Rating agencies may downgrade their ratings of us, thereby adversely affecting our ability to write insurance at competitive rates or at all and increasing our cost of capital.
  • We are subject to extensive existing state, local, federal and foreign governmental regulations that restrict our ability to do business and generate revenues; additional regulation or significant modification to existing regulations or failure to comply with regulatory requirements may have a materially adverse effect on our business, results of operations and financial condition.
Management Discussion
  • Core income decreased $244 million in 2020 as compared with 2019. Core income for our Property & Casualty Operations decreased $356 million primarily due to higher net catastrophe losses and lower net investment income partially offset by improved non-catastrophe current accident year underwriting results. Core results for our Life & Group segment improved $118 million. Life & Group results for the year ended December 31, 2020 include a $59 million charge related to recognition of a premium deficiency as a result of the third quarter 2020 GPV compared to a $170 million charge in 2019 related to recognition of a premium deficiency as a result of the third quarter 2019 GPV. Core loss for our Corporate & Other segment increased $6 million.
Content analysis
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