Quantbot Technologies LP Makes New $1.87 Million Investment in CNA Financial Corporation $CNA

Quantbot Technologies LP acquired a new position in shares of CNA Financial Corporation (NYSE:CNA) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 38,546 shares of the insurance provider’s stock, valued at approximately $1,874,000.

Other hedge funds have also modified their holdings of the company. Lloyd Advisory Services LLC. acquired a new position in CNA Financial during the 4th quarter worth $25,000. State of Wyoming purchased a new position in shares of CNA Financial in the 2nd quarter valued at about $53,000. CIBC Private Wealth Group LLC boosted its stake in shares of CNA Financial by 142.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,223 shares of the insurance provider’s stock valued at $57,000 after buying an additional 719 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of CNA Financial by 28.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,435 shares of the insurance provider’s stock worth $67,000 after buying an additional 318 shares in the last quarter. Finally, Allworth Financial LP purchased a new stake in shares of CNA Financial during the second quarter worth approximately $69,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CNA has been the topic of several analyst reports. Weiss Ratings raised shares of CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 17th. Zacks Research upgraded shares of CNA Financial from a “strong sell” rating to a “hold” rating in a report on Thursday, July 16th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Insider Activity at CNA Financial

In other news, CAO Daniel Paul Franzetti sold 22,656 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $53.09, for a total transaction of $1,202,807.04. Following the completion of the sale, the chief accounting officer owned 68,032 shares in the company, valued at approximately $3,611,818.88. The trade was a 24.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark Steven James sold 8,273 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $53.15, for a total transaction of $439,709.95. Following the completion of the transaction, the executive vice president owned 26,446 shares of the company’s stock, valued at approximately $1,405,604.90. The trade was a 23.83% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is currently owned by insiders.

CNA Financial Trading Up 1.4%

CNA opened at $49.67 on Tuesday. CNA Financial Corporation has a one year low of $41.53 and a one year high of $55.71. The company has a market cap of $13.44 billion, a P/E ratio of 10.92, a PEG ratio of 6.54 and a beta of 0.28. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 0.27. The business’s 50-day simple moving average is $50.57 and its 200-day simple moving average is $47.80.

CNA Financial (NYSE:CNA) last issued its earnings results on Monday, August 3rd. The insurance provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.11. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $2.97 billion. CNA Financial had a return on equity of 11.34% and a net margin of 8.16%.During the same quarter last year, the company earned $1.23 EPS. As a group, equities research analysts expect that CNA Financial Corporation will post 4.19 EPS for the current fiscal year.

CNA Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Monday, August 17th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.92 dividend on an annualized basis and a yield of 3.9%. CNA Financial’s dividend payout ratio (DPR) is presently 42.20%.

CNA Financial Company 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.