Quantbot Technologies LP Grows Position in CNA Financial Corporation $CNA

Quantbot Technologies LP grew its stake in shares of CNA Financial Corporation (NYSE:CNA) by 970.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,681 shares of the insurance provider’s stock after acquiring an additional 11,496 shares during the quarter. Quantbot Technologies LP’s holdings in CNA Financial were worth $589,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Alpine Bank Wealth Management boosted its position in CNA Financial by 70.0% in the third quarter. Alpine Bank Wealth Management now owns 556 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 229 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in CNA Financial by 6.8% in the 2nd quarter. Lazard Asset Management LLC now owns 3,957 shares of the insurance provider’s stock worth $184,000 after buying an additional 253 shares during the period. Ballentine Partners LLC grew its position in shares of CNA Financial by 1.5% during the third quarter. Ballentine Partners LLC now owns 19,268 shares of the insurance provider’s stock worth $895,000 after purchasing an additional 279 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in CNA Financial by 28.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,435 shares of the insurance provider’s stock valued at $67,000 after buying an additional 318 shares in the last quarter. Finally, Amundi grew its stake in CNA Financial by 5.3% during the first quarter. Amundi now owns 7,787 shares of the insurance provider’s stock valued at $395,000 after acquiring an additional 389 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

CNA Financial Stock Performance

Shares of NYSE:CNA opened at $48.17 on Monday. The company has a market capitalization of $13.04 billion, a price-to-earnings ratio of 10.27, a price-to-earnings-growth ratio of 9.08 and a beta of 0.34. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.26. CNA Financial Corporation has a 52 week low of $43.29 and a 52 week high of $51.34. The firm has a 50 day moving average of $47.83 and a 200 day moving average of $46.99.

CNA Financial (NYSE:CNA) last issued its quarterly earnings data on Monday, February 9th. The insurance provider reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04). The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $2.88 billion. CNA Financial had a return on equity of 12.23% and a net margin of 8.53%.During the same quarter last year, the company earned $1.25 earnings per share. On average, sell-side analysts predict that CNA Financial Corporation will post 4.64 earnings per share for the current fiscal year.

CNA Financial Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Thursday, March 12th. Stockholders of record on Monday, February 23rd will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, February 23rd. This represents a dividend yield of 409.0%. CNA Financial’s dividend payout ratio is presently 40.94%.

Insider Transactions at CNA Financial

In other CNA Financial news, Chairman Dino Robusto sold 6,250 shares of the stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $47.62, for a total value of $297,625.00. Following the completion of the sale, the chairman directly owned 661,838 shares in the company, valued at approximately $31,516,725.56. This trade represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.36% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on CNA. Weiss Ratings raised CNA Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. Zacks Research downgraded shares of CNA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Finally, Wall Street Zen lowered CNA Financial from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, CNA Financial has a consensus rating of “Moderate Buy”.

CNA Financial Profile

CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.

Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.