First Trust Advisors LP Has $29.78 Million Stake in CNA Financial Corporation (CNA)
First Trust Advisors LP raised its position in CNA Financial Corporation (NYSE:CNA) by 5.1% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 610,905 shares of the insurance provider’s stock after buying an additional 29,481 shares during the period. First Trust Advisors LP’s holdings in CNA Financial Corporation were worth $29,782,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Capital One National Association acquired a new position in CNA Financial Corporation during the first quarter worth $4,929,000. LSV Asset Management boosted its position in CNA Financial Corporation by 17.3% in the first quarter. LSV Asset Management now owns 1,352,502 shares of the insurance provider’s stock worth $59,740,000 after buying an additional 199,443 shares during the last quarter. Heartland Advisors Inc. boosted its position in CNA Financial Corporation by 6.4% in the first quarter. Heartland Advisors Inc. now owns 10,642 shares of the insurance provider’s stock worth $470,000 after buying an additional 638 shares during the last quarter. KAMES CAPITAL plc acquired a new position in CNA Financial Corporation during the first quarter worth $650,000. Finally, Breton Hill Capital Ltd. acquired a new position in CNA Financial Corporation during the first quarter worth $1,087,000. 99.78% of the stock is owned by institutional investors.
CNA Financial Corporation (CNA) opened at 52.45 on Wednesday. The firm has a market cap of $14.21 billion, a PE ratio of 12.76 and a beta of 1.23. The firm’s 50 day moving average price is $50.34 and its 200-day moving average price is $45.99. CNA Financial Corporation has a one year low of $32.03 and a one year high of $53.67.
CNA Financial Corporation (NYSE:CNA) last announced its quarterly earnings data on Monday, July 31st. The insurance provider reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.13. CNA Financial Corporation had a return on equity of 8.40% and a net margin of 11.72%. The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the company earned $0.77 EPS. Equities analysts predict that CNA Financial Corporation will post $3.41 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th will be paid a dividend of $0.30 per share. This is a positive change from CNA Financial Corporation’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.20 annualized dividend and a dividend yield of 2.29%. CNA Financial Corporation’s payout ratio is 29.20%.
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A number of equities analysts recently weighed in on the company. BidaskClub raised CNA Financial Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $50.00 price target on shares of CNA Financial Corporation in a report on Thursday, August 3rd. Zacks Investment Research cut CNA Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Deutsche Bank AG cut CNA Financial Corporation from a “buy” rating to a “hold” rating and increased their target price for the company from $45.00 to $46.00 in a report on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $47.00.
In other news, CFO D Craig Mense sold 23,450 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $52.66, for a total transaction of $1,234,877.00. Following the sale, the chief financial officer now owns 130,548 shares of the company’s stock, valued at approximately $6,874,657.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.53% of the stock is owned by insiders.
CNA Financial Corporation Company Profile
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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