GSA Capital Partners LLP Takes Position in CNA Financial Corporation $CNA

GSA Capital Partners LLP acquired a new position in shares of CNA Financial Corporation (NYSE:CNA) during the 2nd quarter, Holdings Channel reports. The fund acquired 29,173 shares of the insurance provider’s stock, valued at approximately $1,418,000.

Other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC raised its position in CNA Financial by 12.3% in the 1st quarter. Parallel Advisors LLC now owns 7,080 shares of the insurance provider’s stock worth $325,000 after purchasing an additional 774 shares during the period. Bank of America Corp DE boosted its position in shares of CNA Financial by 41.9% during the first quarter. Bank of America Corp DE now owns 135,873 shares of the insurance provider’s stock valued at $6,239,000 after buying an additional 40,130 shares during the period. Edgestream Partners L.P. grew its stake in shares of CNA Financial by 1.2% during the first quarter. Edgestream Partners L.P. now owns 119,038 shares of the insurance provider’s stock valued at $5,466,000 after buying an additional 1,428 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of CNA Financial by 18.0% in the first quarter. Royal Bank of Canada now owns 7,222 shares of the insurance provider’s stock worth $331,000 after buying an additional 1,103 shares during the period. Finally, Quantinno Capital Management LP raised its holdings in shares of CNA Financial by 48.9% in the first quarter. Quantinno Capital Management LP now owns 685,247 shares of the insurance provider’s stock worth $31,467,000 after buying an additional 225,030 shares during the period. Institutional investors own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CNA. Weiss Ratings raised CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 17th. Zacks Research upgraded shares of CNA Financial from a “strong sell” rating to a “hold” rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, CNA Financial has a consensus rating of “Moderate Buy”.

CNA Financial Stock Down 0.0%

Shares of NYSE CNA opened at $50.99 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market capitalization of $13.80 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 6.89 and a beta of 0.28. The stock has a 50 day moving average price of $49.94 and a 200 day moving average price of $47.72. CNA Financial Corporation has a 52-week low of $41.53 and a 52-week high of $55.71.

CNA Financial (NYSE:CNA) last released its quarterly earnings data on Monday, August 3rd. The insurance provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.08 by $0.11. CNA Financial had a return on equity of 11.34% and a net margin of 8.16%.The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same period last year, the business posted $1.23 EPS. Sell-side analysts expect that CNA Financial Corporation will post 4.14 earnings per share for the current year.

CNA Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Monday, August 17th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Monday, August 17th. CNA Financial’s payout ratio is presently 42.20%.

Insider Activity

In other news, EVP Mark Steven James sold 8,273 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $53.15, for a total value of $439,709.95. Following the completion of the sale, the executive vice president owned 26,446 shares in the company, valued at approximately $1,405,604.90. The trade was a 23.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Daniel Paul Franzetti sold 22,656 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $53.09, for a total transaction of $1,202,807.04. Following the completion of the sale, the chief accounting officer owned 68,032 shares of the company’s stock, valued at approximately $3,611,818.88. This represents a 24.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.29% of the company’s stock.

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.