CORDA Investment Management LLC. Increases Holdings in CNA Financial Corporation $CNA

CORDA Investment Management LLC. grew its holdings in CNA Financial Corporation (NYSE:CNA) by 1.4% during the first quarter, HoldingsChannel reports. The fund owned 730,219 shares of the insurance provider’s stock after purchasing an additional 10,054 shares during the period. CNA Financial accounts for about 2.3% of CORDA Investment Management LLC.’s investment portfolio, making the stock its 21st biggest holding. CORDA Investment Management LLC.’s holdings in CNA Financial were worth $33,532,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its position in shares of CNA Financial by 14.6% during the 4th quarter. AQR Capital Management LLC now owns 2,784,682 shares of the insurance provider’s stock worth $132,941,000 after buying an additional 354,076 shares during the last quarter. First Trust Advisors LP boosted its position in shares of CNA Financial by 31.8% in the 4th quarter. First Trust Advisors LP now owns 1,560,644 shares of the insurance provider’s stock valued at $74,505,000 after purchasing an additional 376,752 shares during the period. Charles Schwab Investment Management Inc. increased its position in CNA Financial by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 890,953 shares of the insurance provider’s stock worth $42,534,000 after buying an additional 2,348 shares during the period. UBS Group AG lifted its stake in CNA Financial by 25.9% in the fourth quarter. UBS Group AG now owns 867,787 shares of the insurance provider’s stock valued at $41,428,000 after buying an additional 178,314 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of CNA Financial by 69.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 656,067 shares of the insurance provider’s stock worth $30,481,000 after acquiring an additional 268,917 shares during the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

CNA Financial Price Performance

CNA Financial stock opened at $51.38 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.26 and a quick ratio of 0.26. The business has a 50 day simple moving average of $45.54 and a 200-day simple moving average of $46.77. CNA Financial Corporation has a 12 month low of $41.53 and a 12 month high of $52.86. The stock has a market capitalization of $13.90 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 7.07 and a beta of 0.28.

CNA Financial (NYSE:CNA) last posted its quarterly earnings data on Monday, May 4th. The insurance provider reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.47). The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $2.93 billion. CNA Financial had a net margin of 8.08% and a return on equity of 11.57%. During the same quarter last year, the business earned $1.03 earnings per share. Equities analysts predict that CNA Financial Corporation will post 4.05 earnings per share for the current year.

CNA Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were issued a $0.48 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.92 annualized dividend and a dividend yield of 3.7%. CNA Financial’s payout ratio is presently 42.95%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Weiss Ratings upgraded shares of CNA Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, June 30th. Zacks Research cut shares of CNA Financial from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

About CNA Financial

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.