CNA CNA Financial Corp.
CNA Financial Corp. operates as an insurance holding company. Its products primarily include commercial property and casualty coverages, including surety. The firm's services include risk management, information services and warranty and claims administration. The company operates through the following segments: property & casualty commercial insurance operations and outside property & casualty operations. The Property & Casualty Commercial Insurance Operations comprises of three segments namely Specialty, commercial and international. The Specialty segment provides professional, financial and specialty property and casualty products and services. The Commercial segment includes property and casualty coverages sold to small businesses and middle market entities and organizations primarily through an independent agency distribution system. The International segment underwrites property and casualty coverages. The Outside Property & Casualty Operations consists of two segments namely life & group and corporate & other. The Life & Group segment includes the results of the individual and group long term care businesses that are in run-off. The Corporate & Other segment involves in the corporate expenses, including interest on corporate debt, and the results of certain property and casualty business in run-off. The company was founded in 1897 and is headquartered in Chicago, IL.
Company profile
Ticker
CNA
Exchange
Website
CEO
Dino E. Robusto
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
SEC CIK
Corporate docs
IRS number
366169860
CNA stock data
()
Investment data
| Top 50 of 105 long holdings End of quarter 31 Mar 20 |
Value |
#Shares |
Prev Q |
Change %, QoQ |
|---|---|---|---|---|
| $12.47M | 50K | NEW | ||
| $11.39M | 260K | NEW | ||
| $11.15M | 200K | 110K | +81.8 | |
| $10.14M | 295K | 200K | +47.5 | |
| $10.01M | 700K | 250K | +180.0 | |
| $9.88M | 110K | 45K | +144.4 | |
| $9.83M | 250K | 210.5K | +18.8 | |
| $9.16M | 319.06K | 38.03K | +738.9 | |
| $9.04M | 51K | 40K | +27.5 | |
| $9.01M | 7.75K | 5.94K | +30.6 | |
| $8.79M | 119K | 55K | +116.4 | |
| $8.76M | 115K | NEW | ||
| $8.19M | 165K | NEW | ||
| $7.13M | 90K | 75K | +20.0 | |
| $6.98M | 69.77K | 9.77K | +613.9 | |
| $6.62M | 196.48K | 125K | +57.2 | |
| $6.31M | 40K | 118.78K | -66.3 | |
| $5.91M | 250K | 123.47K | +102.5 | |
| $5.29M | 70K | NEW | ||
| $5.24M | 112.67K | 27.67K | +307.2 | |
| $4.85M | 100K | 100K | 0 | |
| $4.51M | 324K | 200K | +62.0 | |
| $3.75M | 90K | 100K | -10.0 | |
| $2.03M | 15K | 15.69K | -4.4 | |
| $1.56M | 19.25K | 19.25K | 0 | |
| $1.33M | 31.55K | 142.91K | -77.9 | |
| $1.27M | 50.62K | 63.52K | -20.3 | |
| $1.22M | 24.15K | 24.15K | 0 | |
| $1.19M | 89.64K | 89.64K | 0 | |
| $1.17M | 48.27K | 43.35K | +11.4 | |
| $1.15M | 21K | 21K | 0 | |
| $1.1M | 35.84K | 35.84K | 0 | |
| $1.04M | 3.85K | NEW | ||
| $1.04M | 6.69K | NEW | ||
| $1.04M | 214.69K | 196.7K | +9.1 | |
| $1.02M | 29.92K | 29.92K | 0 | |
| $1M | 69.37K | NEW | ||
| $989K | 37.42K | 52.53K | -28.8 | |
| $987K | 100.43K | 100.43K | 0 | |
| $964K | 12.16K | NEW | ||
| $938K | 44.19K | 284.19K | -84.5 | |
| $931K | 19.35K | 19.35K | 0 | |
| $921K | 134.41K | 107.7K | +24.8 | |
| $826K | 5.34K | 5.34K | 0 | |
| $824K | 84.9K | 84.9K | 0 | |
| $824K | 20.32K | 20.32K | 0 | |
| $814K | 86.51K | 86.51K | 0 | |
| $809K | 8.99K | 116.49K | -92.3 | |
| $808K | 8.12K | NEW | ||
| $792K | 21.05K | 17.64K | +19.3 |
Holdings list only includes long positions.
Only includes long positions.
Calendar
4 May 20
2 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 2.29B | 2.78B | 2.69B | 2.61B | |
| Net income | -61M | 273M | 107M | 278M | |
| Diluted EPS | -0.23 | 1 | 0.39 | 1.02 | |
| Net profit margin | -2.66% | 9.83% | 3.99% | 10.65% | |
| Operating income* | -58M | 366M | 159M | 376M | |
| Net change in cash | 615M | -98M | 69M | 48M | |
| Cash on hand | 857M | 242M | 340M | 271M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 10.77B | 10.13B | 9.54B | 9.37B | |
| Net income | 1B | 813M | 899M | 859M | |
| Diluted EPS | 3.67 | 2.98 | 3.3 | 3.17 | |
| Net profit margin | 9.29% | 8.02% | 9.42% | 9.17% | |
| Operating income* | 1.35B | 1.1B | 1.47B | 1.3B | |
| Net change in cash | -68M | -45M | 84M | -116M | |
| Cash on hand | 242M | 310M | 355M | 271M |
Financial data from company earnings reports. *Asterisk values are approximate.
Recent insider trades
| Date | Owner | Security | Transaction | Code | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|
| 19 Jun 20 | Loews | Common Stock | Buy | Aquire P | 32.41 | 25,784 | 835.66K | 243,214,203 |
| 18 Jun 20 | Loews | Common Stock | Buy | Aquire P | 32.94 | 73,583 | 2.42M | 243,188,419 |
| 17 Jun 20 | Loews | Common Stock | Buy | Aquire P | 32.78 | 100,000 | 3.28M | 243,114,836 |
| 16 Jun 20 | Loews | Common Stock | Buy | Aquire P | 32.37 | 37,567 | 1.22M | 243,014,836 |
| 15 Jun 20 | Loews | Common Stock | Buy | Aquire P | 31.49 | 23,738 | 747.51K | 242,977,269 |
| 11 Jun 20 | Loews | Common Stock | Buy | Aquire P | 31.77 | 105,187 | 3.34M | 242,953,531 |
| 10 Jun 20 | Loews | Common Stock | Buy | Aquire P | 33.51 | 105,187 | 3.52M | 242,848,344 |
| 9 Jun 20 | Loews | Common Stock | Buy | Aquire P | 34.24 | 93,384 | 3.2M | 242,743,157 |
Institutional ownership Q1 2020
99.3% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 167 |
| Opened positions | 21 |
| Closed positions | 42 |
| Increased positions | 58 |
| Reduced positions | 62 |
13F shares |
Current |
|---|---|
| Total value | 9.95B |
| Total shares | 269.37M |
| Total puts | 9K |
| Total calls | 50.7K |
| Total put/call ratio | 0.2 |
Largest owners |
Shares | Value |
|---|---|---|
| L Loews | 242.65M | $7.53B |
| N Price T Rowe Associates | 5.54M | $171.96M |
| Donald Smith & Co. | 1.83M | $56.92M |
| LSV Asset Management | 1.75M | $54.45M |
| BLK BlackRock | 1.25M | $38.86M |
| First Trust Advisors | 1.23M | $38.33M |
| Renaissance Technologies | 1.11M | $34.54M |
| Private Management | 981.55K | $30.47M |
| Robeco Institutional Asset Management B.V. | 912.91K | $28.34M |
| BK Bank Of New York Mellon | 785.48K | $24.38M |
Financial report summary
?Competition
Hallmark Financial Services • XL • Arch Capital • Pma Capital • Specialty Underwriters Alliance • Darwin Professional Underwriters • ProSight GlobalRisks
- The COVID-19 pandemic and mitigating actions have resulted in significant risk across our enterprise, which may have a material adverse impact on our business, results of operations and financial condition, the extent of which cannot be determined with any certainty at this time.
Management Discussion
- Core income increased $134 million in 2019 as compared with 2018. Core income for our Property & Casualty Operations increased approximately $223 million primarily due to higher net investment income driven by limited partnership and common stock returns and favorable current accident year underwriting results partially offset by lower favorable net prior period loss reserve development in the current year. Core results for our Life & Group segment decreased $152 million driven by a $170 million charge related to recognition of a premium deficiency as a result of the third quarter 2019 GPV. Core loss for our Corporate & Other segment improved approximately $63 million driven by lower adverse prior year A&EP reserve development.
Content analysis
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| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. sophomore Avg
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New words:
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Removed:
absorbed, arrangement, assumed, calculate, calculating, classification, closing, commencement, consist, created, currency, deductible, delayed, emergence, enacted, environmental, exercise, expire, finance, formal, fourth, historically, identified, implicit, inception, indefinitely, independently, initial, landlord, lease, leased, lessee, limitation, minimum, mitigated, monetary, office, ownership, package, prevailing, processing, provision, reimbursement, released, remeasurement, rent, residual, ROU, scheduled, secured, selling, survive, Technology, terminate, termination, title, transportation, treated, undisclosed, unlimited, validation, write
Financial reports
10-Q
2020 Q1
Quarterly report
4 May 20
10-K
2019 FY
Annual report
11 Feb 20
10-Q
2019 Q3
Quarterly report
28 Oct 19
10-Q
2019 Q2
Quarterly report
5 Aug 19
10-Q
2019 Q1
Quarterly report
29 Apr 19
10-K
2018 FY
Annual report
13 Feb 19
10-Q
2018 Q3
Quarterly report
5 Nov 18
10-Q
2018 Q2
Quarterly report
30 Jul 18
10-Q
2018 Q1
Quarterly report
30 Apr 18
10-K
2017 FY
Annual report
14 Feb 18
Current reports
8-K
Cna Financial Announces First Quarter 2020 Results
4 May 20
8-K
Submission of Matters to a Vote of Security Holders
29 Apr 20
8-K
Departure of Directors or Certain Officers
12 Mar 20
8-K
CNA Announces Al Miralles as Executive Vice President & Chief Financial Officer
2 Mar 20
8-K
Cna Financial Announces Fourth Quarter 2019 Results
10 Feb 20
8-K
Entry into a Material Definitive Agreement
19 Dec 19
8-K
Cna Financial Announces Third Quarter 2019 Results
28 Oct 19
8-K
Cna Financial Announces Second Quarter 2019 Results
5 Aug 19
8-K
Entry into a Material Definitive Agreement
3 May 19
8-K
Cna Financial Announces First Quarter 2019 Results
29 Apr 19
Registration and prospectus
S-8
Registration of securities for employees
15 May 20
424B5
Prospectus supplement for primary offering
2 May 19
FWP
Free writing prospectus
1 May 19
424B3
Prospectus supplement
1 May 19
S-3ASR
Automatic shelf registration
29 Apr 19
424B5
Prospectus supplement for primary offering
9 Aug 17
424B3
Prospectus supplement
7 Aug 17
FWP
Free writing prospectus
7 Aug 17
S-8
Registration of securities for employees
5 May 16
S-3ASR
Automatic shelf registration
1 Apr 16
Proxies
DEFA14A
Additional proxy soliciting materials
15 Apr 20
DEF 14A
Definitive proxy
20 Mar 20
DEF 14A
Definitive proxy
15 Mar 19
DEF 14A
Definitive proxy
16 Mar 18
DEF 14A
Definitive proxy
17 Mar 17
DEF 14A
Definitive proxy
18 Mar 16
DEF 14A
Definitive proxy
20 Mar 15
DEF 14A
Definitive proxy
10 Mar 14
DEF 14A
Definitive proxy
12 Mar 13
DEF 14A
Definitive proxy
9 Mar 12
Other
UPLOAD
Letter from SEC
9 May 17
CORRESP
Correspondence with SEC
19 Apr 17
UPLOAD
Letter from SEC
5 Apr 17
UPLOAD
Letter from SEC
17 Jun 16
CORRESP
Correspondence with SEC
25 May 16
CORRESP
Correspondence with SEC
16 May 16
UPLOAD
Letter from SEC
4 May 16
CORRESP
Correspondence with SEC
7 Apr 16
UPLOAD
Letter from SEC
28 Mar 16
UPLOAD
Letter from SEC
13 Jul 15
Ownership
4
Change in insider ownership
19 Jun 20
4
Change in insider ownership
17 Jun 20
4
Change in insider ownership
11 Jun 20
13F-HR
Quarterly holdings report by institutional manager
12 May 20
3
CNA FINANCIAL / Daniel Paul Franzetti ownership change
8 May 20
3
CNA FINANCIAL / Robert Joseph Hopper ownership change
8 May 20
4
CNA FINANCIAL / Jose Ramon Gonzalez ownership change
17 Mar 20
4
CNA FINANCIAL / Kevin Gene Smith ownership change
17 Mar 20
4
CNA FINANCIAL / James Michael Anderson ownership change
17 Mar 20
4
CNA FINANCIAL / David John Brosnan ownership change
17 Mar 20