CNA Financial Corporation $CNA Shares Acquired by Strs Ohio

Strs Ohio grew its position in CNA Financial Corporation (NYSE:CNA) by 10.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 67,766 shares of the insurance provider’s stock after purchasing an additional 6,379 shares during the period. Strs Ohio’s holdings in CNA Financial were worth $3,153,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CNA. GAMMA Investing LLC increased its holdings in shares of CNA Financial by 10.3% in the first quarter. GAMMA Investing LLC now owns 2,262 shares of the insurance provider’s stock valued at $115,000 after purchasing an additional 211 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of CNA Financial by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 1,190,237 shares of the insurance provider’s stock valued at $60,452,000 after purchasing an additional 13,127 shares during the period. Hexagon Capital Partners LLC increased its holdings in shares of CNA Financial by 56.4% in the first quarter. Hexagon Capital Partners LLC now owns 624 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 225 shares during the period. CORDA Investment Management LLC. increased its holdings in shares of CNA Financial by 0.7% in the first quarter. CORDA Investment Management LLC. now owns 665,982 shares of the insurance provider’s stock valued at $33,825,000 after purchasing an additional 4,450 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in shares of CNA Financial by 57.4% in the first quarter. Nisa Investment Advisors LLC now owns 38,120 shares of the insurance provider’s stock valued at $1,936,000 after purchasing an additional 13,900 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CNA shares. Zacks Research raised CNA Financial from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Weiss Ratings raised CNA Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $53.00.

Insider Buying and Selling

In other CNA Financial news, Chairman Dino Robusto sold 6,250 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $45.28, for a total transaction of $283,000.00. Following the transaction, the chairman owned 674,338 shares in the company, valued at approximately $30,534,024.64. This represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Scott R. Lindquist sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $48.81, for a total value of $488,100.00. Following the transaction, the chief financial officer owned 89,867 shares in the company, valued at $4,386,408.27. This represents a 10.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 37,130 shares of company stock worth $1,776,865 in the last quarter. 0.30% of the stock is currently owned by company insiders.

CNA Financial Stock Down 1.1%

CNA Financial stock opened at $44.07 on Tuesday. The firm has a market cap of $11.93 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 3.86 and a beta of 0.50. The business’s 50-day moving average price is $46.58 and its 200 day moving average price is $46.59. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.23. CNA Financial Corporation has a 52 week low of $43.29 and a 52 week high of $51.42.

CNA Financial (NYSE:CNA) last issued its quarterly earnings results on Monday, November 3rd. The insurance provider reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.25. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $2.84 billion. CNA Financial had a return on equity of 11.85% and a net margin of 5.99%.During the same quarter in the prior year, the business posted $1.08 earnings per share. As a group, sell-side analysts anticipate that CNA Financial Corporation will post 4.64 earnings per share for the current year.

CNA Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Monday, November 17th will be given a dividend of $0.46 per share. The ex-dividend date is Monday, November 17th. This represents a $1.84 dividend on an annualized basis and a yield of 4.2%. CNA Financial’s dividend payout ratio is currently 57.32%.

About CNA Financial

CNA Financial Corporation provides commercial property and casualty insurance products in the United States and internationally. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company offers professional liability coverages and risk management services to various professional firms, including architects, real estate agents, and accounting and law firms; directors and officers, employment practices, fiduciary, and fidelity and cyber coverages to small and mid-size firms, public and privately held firms, and not-for-profit organizations; professional and general liability, as well as associated casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.