Vident Investment Advisory LLC boosted its position in shares of CNA Financial (NYSE:CNA) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,268 shares of the insurance provider’s stock after buying an additional 2,882 shares during the period. Vident Investment Advisory LLC’s holdings in CNA Financial were worth $2,508,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of CNA Financial by 6.7% in the 2nd quarter. State Street Corp now owns 346,400 shares of the insurance provider’s stock valued at $16,889,000 after purchasing an additional 21,744 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of CNA Financial by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,230 shares of the insurance provider’s stock valued at $401,000 after purchasing an additional 565 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of CNA Financial by 19.5% in the 3rd quarter. Prudential Financial Inc. now owns 173,911 shares of the insurance provider’s stock valued at $8,739,000 after purchasing an additional 28,400 shares during the last quarter. Sei Investments Co. grew its stake in shares of CNA Financial by 41.8% in the 3rd quarter. Sei Investments Co. now owns 10,592 shares of the insurance provider’s stock valued at $533,000 after purchasing an additional 3,121 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of CNA Financial by 9.5% in the 3rd quarter. New York State Common Retirement Fund now owns 159,800 shares of the insurance provider’s stock valued at $8,030,000 after purchasing an additional 13,800 shares during the last quarter. 99.63% of the stock is currently owned by institutional investors.
CNA Financial (CNA) opened at $51.91 on Tuesday. CNA Financial has a 12 month low of $42.34 and a 12 month high of $55.62. The firm has a market capitalization of $14,089.75, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 2.57 and a beta of 1.19. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.22.
CNA Financial (NYSE:CNA) last posted its quarterly earnings results on Monday, February 12th. The insurance provider reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.23. CNA Financial had a return on equity of 7.64% and a net margin of 9.42%. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the business earned $0.82 earnings per share. equities research analysts predict that CNA Financial will post 4.04 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 14th. Investors of record on Monday, February 26th were paid a $0.30 dividend. The ex-dividend date was Friday, February 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.31%. CNA Financial’s dividend payout ratio (DPR) is presently 36.25%.
In related news, EVP Scott L. Weber sold 1,486 shares of CNA Financial stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $49.83, for a total value of $74,047.38. Following the sale, the executive vice president now directly owns 2,382 shares in the company, valued at $118,695.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Larry A. Haefner sold 7,457 shares of CNA Financial stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $53.25, for a total value of $397,085.25. Following the completion of the sale, the executive vice president now owns 42,460 shares in the company, valued at $2,260,995. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.
Several research analysts have weighed in on the company. ValuEngine downgraded CNA Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research downgraded CNA Financial from a “buy” rating to a “hold” rating in a research note on Monday, November 20th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $53.33.
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CNA Financial Company Profile
CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company's property insurance products include property, marine, boiler, and machinery coverages; and casualty insurance products comprise workers compensation, general and product liability, commercial auto, and umbrella coverages.
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