Cyndeo Wealth Partners LLC Purchases 10,209 Shares of CNA Financial Corporation $CNA

Cyndeo Wealth Partners LLC boosted its position in CNA Financial Corporation (NYSE:CNA) by 7.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 155,909 shares of the insurance provider’s stock after acquiring an additional 10,209 shares during the period. Cyndeo Wealth Partners LLC’s holdings in CNA Financial were worth $7,254,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of CNA Financial by 10.3% during the first quarter. GAMMA Investing LLC now owns 2,262 shares of the insurance provider’s stock valued at $115,000 after buying an additional 211 shares during the period. Hexagon Capital Partners LLC increased its position in shares of CNA Financial by 56.4% during the first quarter. Hexagon Capital Partners LLC now owns 624 shares of the insurance provider’s stock valued at $32,000 after buying an additional 225 shares during the period. Applied Finance Capital Management LLC increased its position in shares of CNA Financial by 3.4% during the first quarter. Applied Finance Capital Management LLC now owns 6,829 shares of the insurance provider’s stock valued at $347,000 after buying an additional 227 shares during the period. Signaturefd LLC increased its position in shares of CNA Financial by 7.7% during the second quarter. Signaturefd LLC now owns 3,680 shares of the insurance provider’s stock valued at $171,000 after buying an additional 264 shares during the period. Finally, Amundi increased its position in shares of 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 buying an additional 389 shares during the period. 98.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of CNA Financial in a research report on Wednesday. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $53.00.

CNA Financial Stock Down 1.3%

Shares of NYSE CNA opened at $46.11 on Friday. CNA Financial Corporation has a 12 month low of $43.29 and a 12 month high of $51.42. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $12.48 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 4.16 and a beta of 0.50. The business has a 50-day moving average of $47.31 and a 200-day moving average of $47.01.

CNA Financial (NYSE:CNA) last issued its quarterly earnings data on Monday, August 4th. The insurance provider reported $1.23 EPS for the quarter, topping the consensus estimate of $0.94 by $0.29. CNA Financial had a return on equity of 11.85% and a net margin of 5.99%.The company had revenue of $3.37 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the previous year, the firm earned $1.19 earnings per share. Sell-side analysts expect that CNA Financial Corporation will post 4.64 earnings per share for the current fiscal year.

CNA Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.84 annualized dividend and a dividend yield of 4.0%. CNA Financial’s payout ratio is presently 57.32%.

Insider Activity

In other news, CFO Scott R. Lindquist sold 10,000 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $48.81, for a total transaction of $488,100.00. Following the completion of the transaction, the chief financial officer owned 89,867 shares of the company’s stock, valued at approximately $4,386,408.27. The trade was a 10.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Dino Robusto sold 6,250 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $46.25, for a total value of $289,062.50. Following the transaction, the chairman directly owned 680,588 shares of the company’s stock, valued at $31,477,195. The trade was a 0.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,880 shares of company stock valued at $1,493,865 in the last three months. 0.30% of the stock is owned by insiders.

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.