American International Group Inc. increased its stake in CNA Financial Corporation (NYSE:CNA) by 7,467.7% during the first quarter, Holdings Channel reports. The institutional investor owned 60,693 shares of the insurance provider’s stock after buying an additional 59,891 shares during the period. American International Group Inc.’s holdings in CNA Financial Corporation were worth $2,681,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CNA. AMG Funds LLC increased its position in shares of CNA Financial Corporation by 1.3% in the first quarter. AMG Funds LLC now owns 14,334 shares of the insurance provider’s stock valued at $633,000 after buying an additional 190 shares during the period. Blair William & Co. IL increased its position in shares of CNA Financial Corporation by 3.2% in the first quarter. Blair William & Co. IL now owns 6,395 shares of the insurance provider’s stock valued at $282,000 after buying an additional 196 shares during the period. SG Americas Securities LLC increased its position in shares of CNA Financial Corporation by 6.1% in the first quarter. SG Americas Securities LLC now owns 3,914 shares of the insurance provider’s stock valued at $173,000 after buying an additional 224 shares during the period. Heartland Advisors Inc. increased its position in shares of CNA Financial Corporation by 6.4% in the first quarter. Heartland Advisors Inc. now owns 10,642 shares of the insurance provider’s stock valued at $470,000 after buying an additional 638 shares during the period. Finally, Allianz Asset Management AG increased its position in shares of CNA Financial Corporation by 0.9% in the fourth quarter. Allianz Asset Management AG now owns 71,485 shares of the insurance provider’s stock valued at $2,967,000 after buying an additional 662 shares during the period. Hedge funds and other institutional investors own 99.50% of the company’s stock.

Institutional Ownership by Quarter for CNA Financial Corporation (NYSE:CNA)

CNA Financial Corporation (NYSE:CNA) opened at 48.61 on Friday. CNA Financial Corporation has a one year low of $29.38 and a one year high of $48.61. The firm has a 50-day moving average price of $45.78 and a 200 day moving average price of $43.29. The firm has a market capitalization of $13.17 billion, a P/E ratio of 12.50 and a beta of 1.17.

CNA Financial Corporation (NYSE:CNA) last issued its quarterly earnings results on Monday, May 1st. The insurance provider reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.08. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $2.02 billion. CNA Financial Corporation had a net margin of 11.08% and a return on equity of 8.11%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.64 EPS. Equities research analysts anticipate that CNA Financial Corporation will post $3.33 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Monday, May 15th were given a $0.25 dividend. The ex-dividend date was Thursday, May 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.06%. CNA Financial Corporation’s dividend payout ratio (DPR) is presently 25.77%.

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Several research analysts have weighed in on CNA shares. Zacks Investment Research upgraded CNA Financial Corporation from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Tuesday, April 18th. Deutsche Bank AG downgraded CNA Financial Corporation from a “buy” rating to a “hold” rating and boosted their price target for the company from $45.00 to $46.00 in a report on Tuesday, May 2nd.

In related news, Director Joseph Rosenberg sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $45.02, for a total value of $675,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is currently owned by corporate insiders.

About CNA Financial Corporation

CNA Financial Corporation is an insurance holding company. The Company’s segments include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. Its Specialty segment provides a range of professional, financial, and specialty property, and casualty products and services.

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