CNA CNA Financial Corporation Common Stock
$50.41
Price · Aug 19, 2026
Fundamentals as of Aug 3, 2026
52W Range
$42–$56
63% of range
Analyst Rating
SELL
11 analysts
Price Target
$49
P/E (TTM)
10.7
ROE
11.6%
Net Profit Margin
8.5%
About CNA Financial Corporation Common Stock Company overview from Wikipedia
CNA Financial Corporation is a financial corporation based in Chicago, Illinois, United States. Its principal subsidiary, Continental Casualty Company (CCC), was founded in 1897, and The Continental Insurance Company (CIC) was organized in 1853. CNA, the current parent company, was incorporated in 1967.
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CNA Financial Corporation is a financial corporation based in Chicago, Illinois, United States. Its principal subsidiary, Continental Casualty Company (CCC), was founded in 1897, and The Continental Insurance Company (CIC) was organized in 1853. CNA, the current parent company, was incorporated in 1967.
CNA is the seventh largest commercial insurer in the United States as of 2018. CNA provides property and casualty insurance products and services for businesses and professionals in the U.S., Canada, and Europe.
CNA itself is 90% owned by a holding company, Loews Corporation. This holding company also has interests in offshore oil and gas drilling rigs, natural gas transmission pipelines, oil and gas exploration, hotel operations and package manufacturing.
History
Continental Assurance Company of North America was founded in Detroit in 1897. The purpose of the company was to provide accident and health insurance to railroad industry employees. This company then merged with the Metropolitan Accident Company, changed its name to the Continental Casualty Company, and moved to Chicago. It acquired National Fire Insurance Company of Hartford in 1956, and the American Casualty Company in 1963. The first letters of each of the original companies were merged to form the acronym CNA. It was then referred to as the Continental National American Group, now it simply goes by CNA.
In 1915, CCC offered the first workers' compensation insurance. In the 1920s, CCC was the first to create a co-insurance clause on homeowners' policies. In the 1950s, CCC offered the industry's first comprehensive group dental insurance. In the 1960s, CNA introduced long-term care to the industry.
CNA has insured many historical events. Over the years, CNA covered the Indianapolis 500, the World Boxing Association, the Peking Opera, the Blue Angels, and various actors and movie projects.
In the 1960s, CNA covered the Beatles concert in the event of inclement weather at Shea Stadium. In the 1970s, CNA covered U.S. astronauts in their Apollo 16 and Apollo 17 voyages to the moon with a commercial special risks package.
In 1974, Loews Corporation purchased 56% of CNA stock.
In 1995, CNA completed a $1.1 billion merger with The Continental Corporation. The merger was the first significant merger of two property and casualty companies in more than 25 years.
In 1999, CNA sold its personal insurance division to Allstate. That personal insurance company is now Encompass Insurance Company, a subsidiary of Allstate.
In 2002, CNA exited the life, group and reinsurance business.
On January 1, 2004, CNA sold its Group Benefits division to The Hartford, based in Hartford, Connecticut. The Hartford merged its new purchase with its own Group Benefits Division. With the sale of this division came the end of CNA's long history as a multi-line insurer.
In 2010, the company enters into an agreement with National Indemnity Co. (NICO), a subsidiary of Berkshire Hathaway, under which all of CNA's legacy asbestos and environmental liabilities are transferred to NICO. (Source: Insurance Journal)
In 2011, CNA introduced the Customer Segment strategy, focusing on key customer segments — construction, financial institutions, healthcare, manufacturing, professional services, real estate (2014), technology and small business — and specialized monoline insurance products. CNA expands its digital presence in 2013 and its international footprint beginning in 2014.
In 2012, CNA entered the London market by buying "Hardys Underwriting" and re-branding it to CNA Hardy
From 1972 until 2018, CNA's headquarters was located at the CNA Center. In 2015, CNA made plans to move out of the CNA Center with plans to construct 151 North Franklin as its new headquarters. CNA relocated to 151 North Franklin in June 2018.
In February 2020, CNA announced the appointment of Al Miralles as the executive vice-president and chief financial officer. He succeeds James Anderson, who announced his resignation.
In March 2021, CNA was the target of a ransomware cyberattack. CNA paid more than $40 million in late March to regain control of its network after the ransomware attack. The Chicago-based company paid the hackers about two weeks after a trove of company data was stolen, and CNA officials were locked out of their network. In 2022, it was reported to be the largest disclosed ransomware payment at that time.
Corporate affairs
Head Office Locations
CNA Financial Corporation is headquartered in Chicago, Illinois, United States. Its main offices are located in the CNA Center, a high-rise office building in the Loop community area of downtown Chicago that has long served as the company’s corporate headquarters.
In addition to its headquarters, CNA maintains regional offices across the United States and international offices in Canada, Europe, and Asia to support its insurance and reinsurance operations.
Financial performance
The key financial trends for CNA Financial Corporation are based on fiscal years ending December 31:
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
CNA Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$50.41
Market Cap
$13.64B
P/E (TTM)
10.7
EPS (TTM)
$4.69
Revenue (TTM)
$14.99B
Div Yield
7.7%
ROE
11.6%
Debt/Equity
0.3
52W Range
$42 – $56
CNA Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Configure
10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$14.99B
2018-12-31
→
2025-12-31
EPS
$4.69
2018-12-31
→
2025-12-31
Free Cash Flow
$2.40B
2018-12-31
→
2025-12-31
Margins
8.5%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
CNA
Peer Median
P/E (TTM)
10.7
13.6
P/S (TTM)
0.9
1.3
P/B
1.2
1.9
EV / EBITDA
231.3
—
Price / FCF
5.7
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
CNA
Peer Median
Net Profit Margin
8.5%
10.9%
ROA
1.9%
2.8%
ROE
11.6%
17.1%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
CNA
Peer Median
Debt / Equity
0.3
0.0
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
CNA
Peer Median
Revenue YoY
5.0%
—
Revenue CAGR 3Y
8.1%
—
Revenue CAGR 5Y
6.8%
—
EPS YoY
33.2%
—
Net Income YoY
33.3%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
CNA
Peer Median
Payout Ratio
81.9%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
7.7%
Payout Ratio
81.9%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| Aug. 17, 2026 | $0.4800 |
| May 18, 2026 | $0.4800 |
| Feb. 23, 2026 | $2.4800 |
| Nov. 17, 2025 | $0.4600 |
| Aug. 18, 2025 | $0.4600 |
| May 19, 2025 | $0.4600 |
| Feb. 24, 2025 | $2.4600 |
| Nov. 18, 2024 | $0.4400 |
| Aug. 12, 2024 | $0.4400 |
| May 17, 2024 | $0.4400 |
| Feb. 16, 2024 | $2.4400 |
| Nov. 10, 2023 | $0.4200 |
| Aug. 11, 2023 | $0.4200 |
| May 12, 2023 | $0.4200 |
| Feb. 17, 2023 | $1.6200 |
| Nov. 14, 2022 | $0.4000 |
| Aug. 12, 2022 | $0.4000 |
| May 13, 2022 | $0.4000 |
| Feb. 18, 2022 | $2.4000 |
| Nov. 12, 2021 | $0.3800 |
CNA Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
SELL
11 analysts
- Strong Buy 0 0.0%
- Buy 1 9.1%
- Hold 4 36.4%
- Sell 5 45.5%
- Strong Sell 1 9.1%
12-Month Price Target
1 analysts · 2026-08-18
Low
$49.00
High
$49.00
Median target
$49.00
-2.8%
Mean target
$49.00
-2.8%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.04%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.19 | $1.09 | 0.10% |
| March 31, 2026 | $0.83 | $1.26 | -0.43% |
| Dec. 31, 2025 | $1.16 | $1.35 | -0.19% |
| Sept. 30, 2025 | $1.50 | $1.33 | 0.17% |
| June 30, 2025 | $1.23 | $0.97 | 0.26% |
| March 31, 2025 | $1.03 | $1.15 | -0.12% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| CNA | $12.92B | 10.2 | 5.0% | 8.5% | 11.6% | — |
| WRB | $26.45B | 15.8 | 7.8% | 12.1% | 19.7% | — |
| CINF | $25.38B | 10.8 | 11.4% | 18.9% | 16.0% | — |
| L | — | 13.2 | 5.4% | 9.0% | 9.3% | — |
| MKL | $27.06B | 12.7 | 4.7% | 13.6% | 11.9% | — |
| AIZ | — | — | — | — | — | — |
| FNF | $14.79B | 24.7 | 5.6% | 4.2% | 7.9% | — |
| ERIE | — | — | 7.2% | 13.8% | 25.0% | — |
| AFG | $11.40B | 13.6 | -1.8% | 10.3% | 18.1% | — |
| ORI | — | 12.3 | 11.0% | 10.2% | 16.2% | — |
| KNSL | $9.05B | 18.1 | 18.0% | 26.9% | 27.4% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.99B | $14.27B | $13.30B | $11.88B | $11.91B | $10.81B | $10.77B | $10.13B | $9.54B | $9.37B | $9.10B | $9.69B | |
| Interest Expense | $135M | $133M | $127M | $112M | $113M | $122M | $131M | $138M | $161M | $159M | $155M | $183M | |
| Pretax Income | $1.62B | $1.21B | $1.52B | $814M | $1.46B | $821M | $1.22B | $964M | $1.31B | $1.14B | $549M | $1.21B | |
| Income Tax | $342M | $252M | $313M | $132M | $278M | $131M | $223M | $151M | $411M | $278M | $70M | $319M | |
| Net Income | $1.28B | $959M | $1.21B | $682M | $1.18B | $690M | $1.00B | $813M | $899M | $859M | $479M | $691M | |
| EPS (Basic) | $4.71 | $3.53 | $4.44 | $2.51 | $4.36 | $2.54 | $3.68 | $2.99 | $3.32 | $3.18 | $1.77 | $2.56 | |
| EPS (Diluted) | $4.69 | $3.52 | $4.43 | $2.51 | $4.34 | $2.53 | $3.67 | $2.98 | $3.30 | $3.17 | $1.77 | $2.55 | |
| Shares (Basic) | 271,200,000 | 271,500,000 | 271,300,000 | 271,600,000 | 271,800,000 | 271,600,000 | 271,600,000 | 271,500,000 | 271,100,000 | 270,400,000 | 270,200,000 | 269,900,000 | |
| Shares (Diluted) | 272,400,000 | 272,700,000 | 272,200,000 | 272,500,000 | 272,800,000 | 272,400,000 | 272,500,000 | 272,500,000 | 272,100,000 | 271,100,000 | 270,700,000 | 270,600,000 | |
| EBITDA | $70M | $67M | $73M | $51M | $54M | $60M | $68M | $79M | $88M | $77M | $84M | $83M |
Balance Sheet 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $425M | $472M | $345M | $475M | $536M | $419M | $242M | $310M | $355M | $271M | $387M | $190M | |
| Short-term Investments | · | · | · | · | · | · | $1.86B | $1.29B | $1.44B | $1.41B | $1.66B | $1.71B | |
| PP&E (Net) | $282M | $295M | $253M | $226M | $226M | $252M | $282M | $324M | $326M | $310M | $343M | $295M | |
| Accum. Depreciation | $346M | $314M | $296M | $280M | $255M | $231M | $215M | $216M | $274M | $254M | $382M | $364M | |
| Goodwill | $148M | $145M | $146M | $144M | $148M | $148M | $147M | $146M | $148M | $145M | $150M | $152M | |
| Total Assets | $69.44B | $66.49B | $64.71B | $61.00B | $66.64B | $64.03B | $60.61B | $57.15B | $56.57B | $55.23B | $55.05B | $55.57B | |
| Short-term Debt | · | $0 | $550M | $243M | $0 | · | · | · | · | · | · | · | |
| Total Liabilities | $57.82B | $55.98B | $54.82B | $52.45B | $53.83B | $51.32B | $48.40B | $45.94B | $44.32B | $43.26B | $43.29B | $42.77B | |
| Long-term Debt | $2.97B | $2.97B | $3.03B | $2.78B | $2.78B | $2.78B | $2.68B | $2.68B | $2.86B | $2.71B | $2.56B | $2.56B | |
| Total Debt | $2.97B | $2.97B | $3.03B | $2.78B | $2.78B | $2.78B | $2.68B | $2.68B | $2.86B | $2.71B | $2.56B | $2.56B | |
| Common Stock | $683M | $683M | $683M | $683M | $683M | $683M | $683M | $683M | $683M | $683M | $683M | $683M | |
| Retained Earnings | $9.91B | $9.69B | $9.76B | $9.34B | $9.66B | $9.08B | $9.35B | $9.28B | $9.41B | $9.36B | $9.31B | $9.64B | |
| Treasury Stock | $108M | $94M | $94M | $93M | $72M | $71M | $70M | $57M | $60M | $73M | $78M | $84M | |
| AOCI | $-1.10B | $-1.99B | $-2.67B | $-3.60B | $320M | $803M | $51M | $-878M | $32M | $-173M | $-315M | $400M | |
| Stockholders' Equity | $11.62B | $10.51B | $9.89B | $8.55B | $11.11B | $12.71B | $12.21B | $11.22B | $12.24B | $11.97B | $11.76B | $12.79B | |
| Liabilities + Equity | $69.44B | $66.49B | $64.71B | $61.00B | $66.64B | $64.03B | $60.61B | $57.15B | $56.57B | $55.23B | $55.05B | $55.57B | |
| Shares Outstanding | 270,671,747 | 270,844,681 | 270,881,457 | 270,895,902 | 271,363,999 | 271,391,603 | 271,412,591 | 271,456,978 | 271,205,390 | 270,495,998 | 270,274,361 | 269,980,202 |
Cash Flow 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $70M | $67M | $73M | $51M | $54M | $60M | $68M | $79M | $88M | $77M | $84M | $83M | |
| Deferred Tax | $75M | $-45M | $2M | $-89M | $43M | $-49M | $-46M | $-20M | $168M | $136M | $-150M | $1M | |
| Other Non-cash | $1.07B | $1.59B | $1.00B | $1.59B | $694M | $1.07B | $118M | $355M | $99M | $344M | $974M | $665M | |
| Operating Cash Flow | $2.49B | $2.57B | $2.29B | $2.50B | $2.00B | $1.77B | $1.14B | $1.23B | $1.25B | $1.42B | $1.39B | $1.44B | |
| CapEx | $86M | $95M | $90M | $52M | $26M | $23M | $26M | $99M | $102M | $146M | $125M | $71M | |
| Investing Cash Flow | $-1.45B | $-1.32B | $-1.84B | $-1.51B | $-1.23B | $-705M | $-225M | $-177M | $-424M | $-846M | $-372M | $-918M | |
| Debt Issued | $495M | $490M | $491M | $0 | $0 | $495M | $496M | $0 | $496M | $498M | $0 | $546M | |
| Net Debt Issued | $-5M | $-60M | $248M | $0 | $0 | $76M | $-24M | $-180M | $105M | $140M | $0 | $-3M | |
| Stock Repurchased | $34M | $20M | $24M | $39M | $18M | $18M | $23M | $0 | $0 | · | · | · | |
| Net Stock Activity | $-34M | $-20M | $-24M | $-39M | $-18M | $-18M | $-23M | · | · | · | · | · | |
| Dividends Paid | $1.05B | $1.02B | $787M | $982M | $621M | $950M | $929M | $896M | $842M | $813M | $811M | $541M | |
| Financing Cash Flow | $-1.10B | $-1.12B | $-577M | $-1.03B | $-648M | $-902M | $-988M | $-1.08B | $-755M | $-673M | $-807M | $-519M | |
| Net Change in Cash | $-47M | $127M | $-130M | $-61M | $117M | $177M | $-68M | $-45M | $84M | $-116M | $197M | $-5M | |
| Taxes Paid | $263M | $281M | $282M | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $2.40B | $2.48B | $2.19B | $2.45B | $1.97B | $1.75B | $1.11B | $1.13B | $1.15B | $1.27B | $1.26B | $1.37B | |
| Levered FCF | $2.30B | $2.37B | $2.09B | $2.36B | $1.88B | $1.65B | $1.01B | $1.01B | $1.04B | $1.15B | $1.13B | $1.23B |
Profitability 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 8.5% | 6.7% | 9.1% | 7.5% | 10.1% | 6.4% | 9.3% | 8.0% | 9.4% | 9.2% | 5.3% | 7.1% | |
| Pretax Margin | 10.8% | 8.5% | 11.4% | 9.1% | 12.5% | 7.6% | 11.4% | 9.5% | 13.7% | 12.1% | 6.0% | 12.4% | |
| EBITDA Margin | 0.47% | 0.47% | 0.55% | 0.43% | 0.45% | 0.56% | 0.63% | 0.78% | 0.92% | 0.82% | 0.92% | 0.86% | |
| ROA | 1.9% | 1.5% | 1.9% | 1.4% | 1.8% | 1.1% | 1.7% | 1.4% | 1.6% | 1.6% | 0.87% | 1.2% | |
| ROE | 11.6% | 9.0% | 13.1% | 10.6% | 9.4% | 5.6% | 8.2% | 7.1% | 7.4% | 7.1% | 4.0% | 5.3% |
Liquidity & Solvency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | |
| LT Debt / Equity | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 5.0% | 7.3% | 11.9% | -0.24% | 10.2% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 8.1% | 6.2% | 7.2% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 6.8% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 33.2% | -20.5% | 76.5% | -42.2% | 71.5% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 23.2% | -6.7% | 20.5% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 13.1% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 33.3% | -20.4% | 76.7% | -42.4% | 71.6% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 23.3% | -6.8% | 20.4% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 13.1% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 2.0% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $14.99B | $14.27B | $13.30B | $11.88B | $11.91B | $10.81B | $10.77B | $10.13B | $9.54B | $9.37B | $9.10B | $9.69B | |
| Net Income TTM | $1.28B | $959M | $1.21B | $682M | $1.18B | $690M | $1.00B | $813M | $899M | $859M | $479M | $691M | |
| Market Cap | $12.92B | $13.10B | $11.46B | $11.45B | $11.96B | $10.57B | $12.16B | $11.98B | $14.39B | $11.23B | $9.50B | $10.45B | |
| Enterprise Value | $15.47B | $15.60B | $14.15B | $13.76B | $14.20B | $12.93B | $12.74B | $13.07B | $15.45B | $12.26B | $10.02B | $11.11B | |
| P/E | 10.2 | 13.7 | 9.6 | 16.8 | 10.2 | 15.4 | 12.2 | 14.8 | 16.1 | 13.1 | 19.9 | 15.2 | |
| P/S | 0.9 | 0.9 | 0.9 | 1.0 | 1.0 | 1.0 | 1.1 | 1.2 | 1.5 | 1.2 | 1.0 | 1.1 | |
| P/B | 1.1 | 1.2 | 1.2 | 1.3 | 0.9 | 0.8 | 1.0 | 1.1 | 1.2 | 0.9 | 0.8 | 0.8 | |
| P / Tangible Book | 1.1 | 1.3 | 1.2 | 1.4 | 1.1 | 0.8 | · | · | · | · | · | · | |
| P / Cash Flow | 5.2 | 5.1 | 5.0 | 4.6 | 6.0 | 6.0 | 10.7 | 9.8 | 11.5 | 7.9 | 6.8 | 7.3 | |
| P / FCF | 5.4 | 5.3 | 5.2 | 4.7 | 6.1 | 6.0 | 10.9 | 10.6 | 12.5 | 8.8 | 7.5 | 7.6 | |
| EV / EBITDA | 221.0 | 232.9 | 193.8 | 269.8 | 263.1 | 215.5 | 187.3 | 165.4 | 175.6 | 159.2 | 119.2 | 133.9 | |
| EV / FCF | 6.4 | 6.3 | 6.4 | 5.6 | 7.2 | 7.4 | 11.4 | 11.6 | 13.4 | 9.7 | 7.9 | 8.1 | |
| EV / Revenue | 1.0 | 1.1 | 1.1 | 1.2 | 1.2 | 1.2 | 1.2 | 1.3 | 1.6 | 1.3 | 1.1 | 1.1 | |
| Dividend Yield | 8.1% | 7.8% | 6.9% | 8.6% | 5.2% | 9.0% | 7.6% | 7.5% | 5.9% | 7.2% | 8.5% | 5.2% | |
| Earnings Yield | 9.8% | 7.3% | 10.5% | 5.9% | 9.8% | 6.5% | 8.2% | 6.8% | 6.2% | 7.6% | 5.0% | 6.6% | |
| Payout Ratio | 81.9% | 106.9% | 65.3% | 109.8% | 51.7% | 137.7% | 92.9% | 110.2% | 93.7% | 94.6% | 169.3% | 78.3% | |
| Annual Payout | $1.05B | $1.02B | $787M | $982M | $621M | $950M | $929M | $896M | $842M | $813M | $811M | $541M |
Income Statement 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.83B | $3.68B | $3.83B | $3.82B | $3.69B | $3.62B | $3.52B | $3.44B | $3.51B | $3.34B | $3.30B | $3.15B | $3.11B | $2.96B | |
| Interest Expense | $33M | $33M | $36M | $36M | $32M | $32M | $34M | $35M | $34M | $34M | $31M | $28M | $28M | $28M | |
| Pretax Income | $405M | $267M | $378M | $513M | $21M | $361M | $402M | $427M | $460M | $326M | $361M | $371M | $283M | $-51M | |
| Income Tax | $84M | $56M | $76M | $110M | $0 | $78M | $85M | $89M | $93M | $68M | $78M | $74M | $44M | $-9M | |
| Net Income | $321M | $211M | $302M | $403M | $21M | $283M | $317M | $338M | $367M | $258M | $283M | $297M | $239M | $-42M | |
| EPS (Basic) | $1.18 | $0.78 | $1.11 | $1.49 | $0.08 | $1.04 | $1.17 | $1.24 | $1.35 | $0.95 | $1.04 | $1.10 | $0.88 | $-0.15 | |
| EPS (Diluted) | $1.18 | $0.78 | $1.11 | $1.48 | $0.07 | $1.04 | $1.17 | $1.24 | $1.35 | $0.95 | $1.04 | $1.09 | $0.89 | $-0.15 | |
| Shares (Basic) | 270,900,000 | 271,100,000 | 0 | 271,100,000 | -543,000,000 | 271,300,000 | 271,600,000 | 271,600,000 | -542,400,000 | 271,200,000 | 271,200,000 | 271,300,000 | -543,300,000 | 271,400,000 | |
| Shares (Diluted) | 271,700,000 | 272,300,000 | 0 | 272,300,000 | -545,300,000 | 272,700,000 | 272,600,000 | 272,700,000 | -544,400,000 | 272,300,000 | 272,000,000 | 272,300,000 | -545,300,000 | 272,300,000 | |
| EBITDA | · | $20M | · | · | · | · | · | $16M | · | · | · | $12M | · | · |
Balance Sheet 16
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $339M | $522M | $425M | $483M | $472M | $456M | $375M | $409M | · | $485M | · | · | · | $503M | |
| PP&E (Net) | $291M | $287M | $282M | $283M | $295M | $258M | $259M | $256M | · | $257M | · | · | · | $229M | |
| Accum. Depreciation | $339M | $354M | $346M | $342M | $314M | $315M | $308M | $303M | · | $287M | · | · | · | $272M | |
| Goodwill | $147M | $147M | $148M | $148M | $145M | $147M | $146M | $146M | $146M | $145M | · | · | $144M | $142M | |
| Total Assets | $69.87B | $68.56B | $69.44B | $69.76B | $66.49B | $67.36B | $65.19B | $65.08B | · | $61.95B | · | · | · | $60.22B | |
| Short-term Debt | · | · | · | $500M | · | $0 | $0 | $550M | · | $793M | · | · | · | · | |
| Total Liabilities | $58.69B | $57.70B | $57.82B | $58.43B | $55.98B | $56.60B | $55.32B | $55.41B | · | $53.39B | · | · | · | $52.12B | |
| Long-term Debt | · | · | $2.97B | · | · | · | · | · | · | · | · | · | · | · | |
| Total Debt | $2.97B | $2.97B | · | $3.47B | · | $2.97B | $2.97B | $3.52B | · | $3.27B | · | · | · | $2.78B | |
| Common Stock | $683M | $683M | $683M | $683M | $683M | $683M | $683M | $683M | · | $683M | · | · | · | $683M | |
| Retained Earnings | $9.64B | $9.45B | $9.91B | $9.74B | $9.69B | $9.79B | $9.62B | $9.43B | · | $9.50B | · | · | · | $9.43B | |
| Treasury Stock | $117M | $120M | $108M | $109M | $94M | $94M | $95M | $75M | · | $95M | · | · | · | $94M | |
| AOCI | $-1.22B | $-1.35B | $-1.10B | $-1.21B | $-1.99B | $-1.84B | $-2.55B | $-2.57B | · | $-3.74B | · | · | · | $-4.14B | |
| Stockholders' Equity | $11.19B | $10.86B | $11.62B | $11.32B | $10.51B | $10.76B | $9.87B | $9.66B | $9.89B | $8.56B | · | · | $8.55B | $8.09B | |
| Liabilities + Equity | $69.87B | $68.56B | $69.44B | $69.76B | $66.49B | $67.36B | $65.19B | $65.08B | · | $61.95B | · | · | · | $60.22B | |
| Shares Outstanding | 270,598,685 | 270,528,685 | 270,671,747 | 270,666,584 | 270,844,681 | 270,842,416 | 270,835,170 | 271,279,498 | · | 270,865,467 | · | · | · | 270,887,022 |
Cash Flow 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $20M | $20M | $17M | $18M | $16M | $17M | $18M | $16M | $29M | $16M | $16M | $12M | $13M | $13M | |
| Deferred Tax | $-15M | $32M | $-16M | $63M | $-87M | $11M | $-8M | $39M | $-10M | $-9M | $0 | $21M | $-18M | $-61M | |
| Other Non-cash | · | $130M | · | · | · | · | · | $111M | · | · | · | $106M | · | · | |
| Operating Cash Flow | $649M | $393M | $570M | $720M | $703M | $748M | $616M | $504M | $520M | $828M | $501M | $436M | $512M | $737M | |
| CapEx | $20M | $13M | $28M | $16M | $38M | $18M | $19M | $20M | $23M | $24M | $23M | $20M | $11M | $16M | |
| Investing Cash Flow | $-699M | $444M | $-3M | $-975M | $-555M | $-553M | $40M | $-249M | $-306M | $-679M | $-909M | $51M | $-440M | $-641M | |
| Debt Issued | · | · | $0 | $495M | $0 | $0 | $0 | $490M | $0 | $96M | $395M | $0 | $0 | $0 | |
| Net Debt Issued | · | · | · | · | · | · | · | $490M | · | · | · | · | · | · | |
| Stock Repurchased | $0 | $36M | $0 | $0 | $0 | $0 | $20M | $0 | $0 | $0 | $0 | $24M | $0 | $18M | |
| Net Stock Activity | · | $-36M | · | · | · | · | · | $0 | · | · | · | $-24M | · | · | |
| Dividends Paid | $130M | $682M | $125M | $124M | $119M | $120M | $119M | $667M | $114M | $114M | $114M | $445M | $108M | $109M | |
| Financing Cash Flow | $-131M | $-736M | $-626M | $369M | $-119M | $-120M | $-689M | $-189M | $-359M | $-18M | $280M | $-480M | $-108M | $-138M | |
| Net Change in Cash | $-183M | $97M | $-58M | $110M | $16M | $81M | $-34M | $64M | $-140M | $127M | $-125M | $8M | $-28M | $-57M | |
| Free Cash Flow | · | $380M | · | · | · | · | · | $484M | · | · | · | $416M | · | · | |
| Levered FCF | · | $354M | · | · | · | · | · | $456M | · | · | · | $394M | · | · |
Profitability 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 8.4% | 5.7% | · | 10.6% | · | 7.8% | 9.0% | 9.8% | · | 7.7% | 8.6% | 9.4% | · | 4.3% | |
| Pretax Margin | 10.6% | 7.3% | · | 13.4% | · | 10.0% | 11.4% | 12.4% | · | 9.8% | 10.9% | 11.8% | · | 5.5% | |
| EBITDA Margin | · | 0.54% | · | · | · | · | · | 0.46% | · | · | · | 0.38% | · | · | |
| ROA | 0.46% | 0.31% | · | 0.59% | · | 0.44% | 0.50% | 0.52% | · | 0.42% | · | · | · | 0.20% | |
| ROE | 2.9% | 2.0% | · | 3.6% | · | 2.9% | 3.3% | 3.3% | · | 3.1% | · | · | · | 1.2% |
Liquidity & Solvency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.3 | 0.3 | · | 0.3 | · | 0.3 | 0.3 | 0.4 | · | 0.4 | · | · | · | 0.3 | |
| LT Debt / Equity | 0.3 | 0.3 | · | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | · | · | · | 0.3 |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | · | · | · | 0.0 |
Valuation (TTM) 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $15.04B | $14.84B | · | $14.78B | · | · | · | $13.53B | · | $12.75B | $12.34B | $11.92B | · | $11.73B | |
| Net Income TTM | $1.23B | $1.19B | · | $1.26B | · | · | · | $1.22B | · | $1.08B | $777M | $684M | · | $699M | |
| Market Cap | $13.15B | $12.42B | · | $12.58B | · | $13.26B | $12.48B | $12.32B | · | $10.66B | · | · | · | $10.00B | |
| Enterprise Value | $15.79B | $14.87B | · | $15.56B | · | $15.77B | $15.07B | $15.43B | · | $13.45B | · | · | · | $12.27B | |
| P/E | 10.7 | 10.5 | · | 10.1 | · | · | · | 10.2 | · | 10.0 | 13.6 | 15.6 | · | 14.4 | |
| P/S | 0.9 | 0.8 | · | 0.9 | · | · | · | 0.9 | · | 0.8 | · | · | · | 0.9 | |
| P/B | 1.2 | 1.1 | · | 1.1 | · | 1.2 | 1.3 | 1.3 | · | 1.2 | · | · | · | 1.2 | |
| P / Tangible Book | 1.2 | 1.2 | · | 1.1 | · | 1.2 | 1.3 | 1.3 | · | 1.3 | · | · | · | 1.3 | |
| P / Cash Flow | · | 31.6 | · | · | · | · | · | 24.4 | · | · | · | · | · | · | |
| P / FCF | · | 32.7 | · | · | · | · | · | 25.5 | · | · | · | · | · | · | |
| EV / EBITDA | · | 743.6 | · | · | · | · | · | 964.5 | · | · | · | · | · | · | |
| EV / FCF | · | 39.1 | · | · | · | · | · | 31.9 | · | · | · | · | · | · | |
| EV / Revenue | 1.0 | 1.0 | · | 1.1 | · | · | · | 1.1 | · | 1.1 | · | · | · | 1.0 | |
| Earnings Yield | 9.3% | 9.5% | · | 9.9% | · | · | · | 9.8% | · | 10.0% | 7.4% | 6.4% | · | 6.9% | |
| Payout Ratio | · | 323.2% | · | · | · | · | · | 197.3% | · | · | · | 149.8% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-06-30 | 2023-03-31 | |
|---|---|---|---|---|---|
| Revenue | $14.99B | $14.27B | $13.30B | — | — |
| Net Income | $1.28B | $959M | $1.21B | — | — |
| Diluted EPS | $4.69 | $3.52 | $4.43 | — | — |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-06-30 | 2023-03-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.3 | 0.3 | 0.3 | — | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-06-30 | 2023-03-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $2.40B | $2.48B | $2.19B | — | — |
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Institutional owners (13F) 335 filers · $12.9B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 63 (+8 vs prior Q) | 34 (-5 vs prior Q) | 99 (-12 vs prior Q) | 102 (+18 vs prior Q) | +1.5M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Loews Corp | $12,075,440,414 | 248,414,738 | 93.84% | Shares |
| FIRST TRUST ADVISORS LP | $50,781,290 | 1,044,668 | 0.39% | Shares |
| Quantinno Capital Management LP | $42,157,045 | 867,250 | 0.33% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $39,883,922 | 820,488 | 0.31% | Shares |
| TWO SIGMA INVESTMENTS, LP | $39,453,043 | 811,624 | 0.31% | Shares |
| River Road Asset Management, LLC | $39,002,720 | 802,360 | 0.30% | Shares |
| CORDA Investment Management, LLC. | $36,637,676 | 753,707 | 0.28% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $27,990,902 | 575,826 | 0.22% | Shares |
| Torray Investment Partners LLC | $25,386,135 | 522,241 | 0.20% | Shares |
| MILLENNIUM MANAGEMENT LLC | $24,334,603 | 500,609 | 0.19% | Shares |
| Gotham Asset Management, LLC | $23,310,537 | 479,542 | 0.18% | Shares |
| STATE STREET CORP | $22,928,122 | 471,675 | 0.18% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $20,852,134 | 428,968 | 0.16% | Shares |
| TWO SIGMA ADVISERS, LP | $19,482,694 | 408,100 | 0.15% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $18,612,380 | 382,892 | 0.14% | Shares |
| NORGES BANK | $16,777,790 | 345,151 | 0.13% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $13,756,659 | 282,863 | 0.11% | Shares |
| Squarepoint Ops LLC | $13,627,182 | 280,337 | 0.11% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $12,737,483 | 254,868 | 0.10% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $12,716,473 | 261,602 | 0.10% | Shares |
| ExodusPoint Capital Management, LP | $10,761,865 | 221,392 | 0.08% | Shares |
| Cubist Systematic Strategies, LLC | $10,210,394 | 219,767 | 0.08% | Shares |
| BARCLAYS PLC | $9,900,302 | 203,668 | 0.08% | Shares |
| Jump Financial, LLC | $9,276,003 | 190,825 | 0.07% | Shares |
| Patrick Mauro Investment Advisor, INC. | $7,935,135 | 163,241 | 0.06% | Shares |
| HSBC HOLDINGS PLC | $7,621,695 | 155,228 | 0.06% | Shares |
| Private Advisory Group LLC | $7,621,076 | 156,780 | 0.06% | Shares |
| BlackRock, Inc. | $7,177,023 | 147,645 | 0.06% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $6,966,639 | 143,317 | 0.05% | Shares |
| Point72 Asset Management, L.P. | $6,854,788 | 141,016 | 0.05% | Shares |
| GOLDMAN SACHS GROUP INC | $6,529,004 | 134,314 | 0.05% | Shares |
| Baird Financial Group, Inc. | $6,381,181 | 131,273 | 0.05% | Shares |
| Schonfeld Strategic Advisors LLC | $6,253,820 | 128,653 | 0.05% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $5,787,993 | 119,070 | 0.04% | Shares |
| BANK OF AMERICA CORP /DE/ | $5,698,162 | 117,222 | 0.04% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $5,613,240 | 115,475 | 0.04% | Shares |
| VANGUARD GROUP INC | $5,548,056 | 116,214 | 0.04% | Shares |
| Edgestream Partners, L.P. | $5,455,354 | 112,227 | 0.04% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $5,181,389 | 106,591 | 0.04% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $5,138,466 | 105,708 | 0.04% | Shares |
| SummitTX Capital, L.P. | $4,542,459 | 93,447 | 0.04% | Shares |
| MARSHALL WACE, LLP | $4,411,066 | 90,744 | 0.03% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $4,277,874 | 88,004 | 0.03% | Shares |
| AlphaQuest LLC | $4,108,122 | 86,052 | 0.03% | Shares |
| Ilex Capital Partners (UK) LLP | $3,753,664 | 77,220 | 0.03% | Shares |
| OCCUDO QUANTITATIVE STRATEGIES LP | $3,670,833 | 75,516 | 0.03% | Shares |
| JANE STREET GROUP, LLC | $3,665,194 | 75,400 | 0.03% | Call option |
| Trexquant Investment LP | $3,562,919 | 73,296 | 0.03% | Shares |
| RAYMOND JAMES FINANCIAL INC | $3,323,450 | 68,370 | 0.03% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $3,255,080 | 66,963 | 0.03% | Shares |
| Corient Private Wealth LP | $2,537,641 | 52,204 | 0.02% | Shares |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $2,401,285 | 49,399 | 0.02% | Shares |
| Graham Capital Management, L.P. | $2,346,648 | 48,275 | 0.02% | Shares |
| Focus Partners Wealth | $2,324,475 | 47,813 | 0.02% | Shares |
| Rodgers Brothers Inc. | $2,304,114 | 47,400 | 0.02% | Shares |
| XTX Topco Ltd | $2,298,135 | 47,277 | 0.02% | Shares |
| Atom Investors LP | $2,239,949 | 46,080 | 0.02% | Shares |
| Pathstone Holdings, LLC | $2,126,950 | 43,755 | 0.02% | Shares |
| Aquatic Capital Management LLC | $1,957,816 | 40,276 | 0.02% | Shares |
| Hudson Portfolio Management LLC | $1,940,997 | 39,930 | 0.02% | Shares |
| HB Wealth Management, LLC | $1,920,448 | 39,507 | 0.01% | Shares |
| Quantbot Technologies LP | $1,873,721 | 38,546 | 0.01% | Shares |
| Brevan Howard Capital Management LP | $1,864,582 | 38,358 | 0.01% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,784,716 | 36,715 | 0.01% | Shares |
| CITADEL ADVISORS LLC | $1,759,682 | 36,200 | 0.01% | Call option |
| RHUMBLINE ADVISERS | $1,707,056 | 35,118 | 0.01% | Shares |
| Summit Trail Advisors, LLC | $1,615,116 | 33,226 | 0.01% | Shares |
| CAXTON ASSOCIATES LLP | $1,585,853 | 32,624 | 0.01% | Shares |
| CAXTON ASSOCIATES LP | $1,565,785 | 32,371 | 0.01% | Shares |
| CITADEL ADVISORS LLC | $1,526,354 | 31,400 | 0.01% | Put option |
| Uncommon Cents Investing LLC | $1,449,307 | 29,815 | 0.01% | Shares |
| FRANKLIN RESOURCES INC | $1,448,092 | 29,790 | 0.01% | Shares |
| TUDOR INVESTMENT CORP ET AL | $1,429,620 | 29,410 | 0.01% | Shares |
| Perigon Wealth Management, LLC | $1,418,245 | 29,176 | 0.01% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $1,408,037 | 28,966 | 0.01% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $1,375,663 | 28,300 | 0.01% | Shares |
| KORNITZER CAPITAL MANAGEMENT INC /KS | $1,346,983 | 27,710 | 0.01% | Shares |
| Convergence Financial, LLC | $1,325,202 | 27,262 | 0.01% | Shares |
| INCEPTIONR LLC | $1,288,700 | 26,511 | 0.01% | Shares |
| GUGGENHEIM CAPITAL LLC | $1,280,485 | 26,342 | 0.01% | Shares |
| CITADEL ADVISORS LLC | $1,277,179 | 26,274 | 0.01% | Shares |
| Regal Investment Advisors LLC | $1,276,013 | 26,250 | 0.01% | Shares |
| BURNEY CO/ | $1,254,089 | 25,799 | 0.01% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $1,181,907 | 24,314 | 0.01% | Shares |
| Pacifica Capital Investments, LLC | $1,172,425 | 24,119 | 0.01% | Shares |
| Mork Capital Management, LLC | $1,142,821 | 23,510 | 0.01% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $1,089,512 | 22,413 | 0.01% | Shares |
| PDT Partners, LLC | $1,060,427 | 21,815 | 0.01% | Shares |
| AXQ CAPITAL, LP | $1,058,629 | 21,778 | 0.01% | Shares |
| AGF MANAGEMENT LTD | $1,012,303 | 20,825 | 0.01% | Shares |
| Odyssean, LLC | $1,007,005 | 20,716 | 0.01% | Shares |
| KESTRA PRIVATE WEALTH SERVICES, LLC | $995,994 | 20,489 | 0.01% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $986,248 | 20,289 | 0.01% | Shares |
| ALLIANCEBERNSTEIN L.P. | $969,693 | 21,117 | 0.01% | Shares |
| Mariner, LLC | $942,294 | 19,384 | 0.01% | Shares |
| NISA INVESTMENT ADVISORS, LLC | $942,256 | 19,384 | 0.01% | Shares |
| Private Advisor Group, LLC | $934,527 | 19,225 | 0.01% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $919,215 | 18,910 | 0.01% | Shares |
| EVERGREEN CAPITAL MANAGEMENT LLC | $916,931 | 18,863 | 0.01% | Shares |
| Mirae Asset Global Investments Co., Ltd. | $879,112 | 18,085 | 0.01% | Shares |
Company insiders 41 insiders · 32 officers · 6 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Douglas Worman | President & CEO | March 15, 2025 F | 170,736 | 0 | 0 | $0 |
| Thomas F Motamed | Former Chairman and CEO | March 1, 2017 F | 636,247 | 0 | 0 | $0 |
| James Lewis | President & CEO, P&C Operation | Feb. 6, 2008 A | 7,744 | 0 | 0 | $0 |
| Stephen W Lilienthal | Chairman and CEO | April 23, 2007 G | 19,135 | 0 | 0 | $0 |
| Scott R Lindquist | EVP & CFO | March 15, 2026 F | 100,116 | 0 | 2 | $-898,552 |
| Albert Joseph Miralles JR | EVP & Chief Financial Officer | March 15, 2021 F | 83,336 | 0 | 0 | $0 |
| Robert V Deutsch | EVP and CFO | July 28, 2004 A | — | 0 | 0 | $0 |
| Kevin Gene Smith | President & COO, Specialty | March 15, 2022 F | 111,817 | 0 | 0 | $0 |
| Kevin James Leidwinger | President & COO, Commerical | March 15, 2022 F | 132,837 | 0 | 0 | $0 |
| David John Brosnan | President, International | March 15, 2020 F | 54,403 | 0 | 0 | $0 |
| Timothy J Szerlong | President, Worldwide Field Ops | March 15, 2018 F | 75,724 | 0 | 0 | $0 |
| HERMAN MARK | President & COO, Specialty | March 15, 2017 F | 60,593 | 0 | 0 | $0 |
| Peter W Wilson | President & COO, CNA Specialty | May 31, 2012 S | 0 | 0 | 0 | $0 |
| Gary Haase | EVP & COO | March 15, 2023 A | 48,996 | 0 | 0 | $0 |
| Robert Anthony Lindemann | Pres. & COO, CNA Commercial | March 15, 2013 F | 9,339 | 0 | 0 | $0 |
| Susan Ann Stone | EVP & General Counsel | July 31, 2025 F | 44,331 | 0 | 0 | $0 |
| Jane Elizabeth Possell | EVP & CIO | March 15, 2025 F | 44,934 | 0 | 0 | $0 |
| Amy Marie Smith | SVP & Chief Accounting Officer | March 15, 2025 F | 22,271 | 0 | 0 | $0 |
| Robert Joseph Hopper | EVP & Chief Actuary | March 15, 2025 F | 78,678 | 0 | 0 | $0 |
| Elizabeth Ann Aguinaga | EVP, Chief HR Officer | March 15, 2025 F | 59,805 | 0 | 0 | $0 |
| Michael Anthony Costonis | EVP, Head of Marketing | March 15, 2023 F | 124,664 | 0 | 0 | $0 |
| Jose Ramon Gonzalez | EVP & General Counsel | July 29, 2020 F | 9,531 | 0 | 0 | $0 |
| James Michael Anderson | EVP | March 15, 2020 F | 39,518 | 0 | 0 | $0 |
| Larry A. Haefner | EVP & Chief Actuary | March 15, 2020 F | 57,328 | 0 | 0 | $0 |
| Andrew J Pinkes | EVP, Worldwide P&C Claim | April 30, 2019 S | 62,137 | 0 | 0 | $0 |
| Scott L Weber | EVP & General Counsel | March 15, 2019 A | 19,274 | 0 | 0 | $0 |
| Joseph Gerard Merten | EVP, Technology & Operations | Jan. 30, 2019 F | 32,924 | 0 | 0 | $0 |
| Craig D Mense | EVP | Dec. 31, 2018 F | 106,291 | 0 | 0 | $0 |
| Jonathan D Kantor | EVP | July 7, 2017 F | 41,181 | 0 | 0 | $0 |
| Thomas Pontarelli | Former EVP & Chief Admin Off | March 15, 2017 F | 80,077 | 0 | 0 | $0 |
| George R. Fay | EVP, Worldwide P&C Claim | March 13, 2015 F | 26,858 | 0 | 0 | $0 |
| Michael Fusco | EVP & Chief Actuary | Feb. 7, 2007 A | — | 0 | 0 | $0 |
| Michael A Bless | Director | May 10, 2022 P | 2,500 | 0 | 0 | $0 |
| Andrew H Tisch | Director | Nov. 19, 2009 P | 106,100 | 0 | 0 | $0 |
| James S Tisch | Director | Nov. 17, 2009 P | 106,100 | 0 | 0 | $0 |
| Marvin Zonis | Director | Feb. 13, 2008 P | 683 | 0 | 0 | $0 |
| LOEWS CORP | 10% owner | Aug. 2, 2023 P | 248,414,738 | 0 | 0 | $0 |
| Mark Steven James | — | Aug. 4, 2026 S | 26,446 | 0 | 1 | $-439,710 |
| Franzetti Daniel Paul | — | Aug. 4, 2026 S | 68,032 | 0 | 1 | $-1,202,807 |
| Dino Robusto | — | Jan. 2, 2026 S | 661,838 | 0 | 5 | $-1,469,187 |
| Joseph Rosenberg | — | May 3, 2017 S | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 7 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Loews Corporation ×5 filings | Aug. 2, 2023 | — | Initial filing | — | SEC |
| Continental Casualty Company, The Continental Corporation, CNA Financial Corporation, Loews Corporation ×3 filings | June 14, 2011 | — | Initial filing | M&A / sale | SEC |
| 1 Loews Corporation | Aug. 9, 2006 | — | Initial filing | — | SEC |
| Undisclosed reporting person | Nov. 26, 2003 | — | Initial filing | — | SEC |
| Undisclosed reporting person | June 14, 2002 | — | Initial filing | — | SEC |
| Undisclosed reporting person | Sept. 26, 2001 | — | Initial filing | — | SEC |
| Undisclosed reporting person | Aug. 27, 2001 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 86 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| OASC · Unified Series Trust | 1.64% | 32,707 NS | May 31, 2026 | N-PORT |
| FXO · First Trust Exchange-Traded AlphaDE… | 1.25% | 277,644 NS | April 30, 2026 | N-PORT |
| TMFX · RBB Fund, Inc. | 0.56% | 4,276 NS | May 31, 2026 | N-PORT |
| AUSF · Global X Funds | 0.43% | 87,698 NS | May 31, 2026 | N-PORT |
| SDVD · First Trust Exchange-Traded Fund IV | 0.42% | 73,248 NS | April 30, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.04% | 85,544 NS | May 31, 2026 | N-PORT |
| XMAG · Tidal Trust II | 0.03% | 899 NS | May 31, 2026 | N-PORT |
| BKMC · BNY Mellon ETF Trust | 0.02% | 3,110 NS | April 30, 2026 | N-PORT |
| SCHD · SCHWAB STRATEGIC TRUST | 0.02% | 513,630 NS | May 31, 2026 | N-PORT |
| AVMV · AMERICAN CENTURY ETF TRUST | 0.02% | 3,332 NS | May 31, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.02% | 59,318 NS | May 31, 2026 | N-PORT |
| REVS · Columbia ETF Trust I | 0.01% | 780 NS | April 30, 2026 | N-PORT |
| AVIE · AMERICAN CENTURY ETF TRUST | 0.01% | 32 NS | May 31, 2026 | N-PORT |
| SFGV · EA Series Trust | 0.01% | 3,907 NS | May 29, 2026 | N-PORT |
| AVMC · AMERICAN CENTURY ETF TRUST | 0.01% | 931 NS | May 31, 2026 | N-PORT |
| DEUS · DBX ETF Trust | 0.01% | 570 NS | May 29, 2026 | N-PORT |
| RECS · Columbia ETF Trust I | 0.01% | 7,519 NS | April 30, 2026 | N-PORT |
| AVSU · AMERICAN CENTURY ETF TRUST | 0.00% | 476 NS | May 31, 2026 | N-PORT |
| GVUS · Goldman Sachs ETF Trust | 0.00% | 318 NS | May 31, 2026 | N-PORT |
| SCHV · SCHWAB STRATEGIC TRUST | 0.00% | 11,254 NS | May 31, 2026 | N-PORT |
| FNDB · SCHWAB STRATEGIC TRUST | 0.00% | 905 NS | May 31, 2026 | N-PORT |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.00% | 265 NS | April 30, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 5,092 NS | May 31, 2026 | N-PORT |
| GUSA · Goldman Sachs ETF Trust II | 0.00% | 757 NS | May 31, 2026 | N-PORT |
| SCHX · SCHWAB STRATEGIC TRUST | 0.00% | 20,000 NS | May 31, 2026 | N-PORT |
| AVLC · AMERICAN CENTURY ETF TRUST | 0.00% | 333 NS | May 31, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 11,814 NS | May 31, 2026 | N-PORT |
| SCHK · SCHWAB STRATEGIC TRUST | 0.00% | 1,515 NS | May 31, 2026 | N-PORT |
| MSLC · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 963 NS | May 31, 2026 | N-PORT |
| AVLV · AMERICAN CENTURY ETF TRUST | 0.00% | 230 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VXUS · VANGUARD STAR FUNDS | — | — | July 15, 2026 | Daily |
| BIV · VANGUARD BOND INDEX FUNDS | — | — | July 15, 2026 | Daily |
| BSV · VANGUARD BOND INDEX FUNDS | — | — | July 15, 2026 | Daily |
| BND · VANGUARD BOND INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VGK · VANGUARD INTERNATIONAL EQUITY INDEX… | — | — | July 15, 2026 | Daily |
| VEU · VANGUARD INTERNATIONAL EQUITY INDEX… | — | — | July 15, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | — | — | July 15, 2026 | Daily |
| VEA · VANGUARD TAX-MANAGED FUNDS | — | — | July 15, 2026 | Daily |
| VYM · VANGUARD WHITEHALL FUNDS | — | — | July 15, 2026 | Daily |
| VYMI · VANGUARD WHITEHALL FUNDS | — | — | July 15, 2026 | Daily |
| VCSH · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VCIT · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTC · VANGUARD SCOTTSDALE FUNDS | — | — | July 30, 2026 | Daily |
| BNDW · VANGUARD SCOTTSDALE FUNDS | — | — | July 30, 2026 | Daily |
| IEV · iShares Trust | — | — | July 13, 2026 | Daily |
| ITOT · iShares Trust | — | — | July 22, 2026 | Daily |