Blue Sky Asset Management LLC bought a new position in CNA Financial Corporation (NYSE:CNA) during the second quarter, according to its most recent disclosure with the SEC. The fund bought 23,400 shares of the insurance provider’s stock, valued at approximately $1,141,000.
Several other large investors have also added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in CNA Financial Corporation by 0.5% in the first quarter. Bank of America Corp DE now owns 693,798 shares of the insurance provider’s stock valued at $30,645,000 after buying an additional 3,408 shares during the period. Schwab Charles Investment Management Inc. increased its position in CNA Financial Corporation by 77.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 264,193 shares of the insurance provider’s stock valued at $11,670,000 after buying an additional 115,550 shares during the period. Prudential Financial Inc. bought a new position in CNA Financial Corporation during the first quarter valued at approximately $3,661,000. Oxford Asset Management acquired a new stake in shares of CNA Financial Corporation during the first quarter valued at about $1,340,000. Finally, Neuburgh Advisers LLC acquired a new stake in shares of CNA Financial Corporation during the first quarter valued at about $144,000. 99.78% of the stock is currently owned by institutional investors.
Shares of CNA Financial Corporation (CNA) traded down 0.62% during trading on Friday, hitting $51.68. The stock had a trading volume of 181,556 shares. The firm has a market cap of $14.01 billion, a price-to-earnings ratio of 12.58 and a beta of 1.23. The firm’s 50-day moving average is $50.66 and its 200 day moving average is $46.16. CNA Financial Corporation has a 52-week low of $32.03 and a 52-week high of $53.67.
CNA Financial Corporation (NYSE:CNA) last announced its quarterly earnings results on Monday, July 31st. The insurance provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13. CNA Financial Corporation had a net margin of 11.72% and a return on equity of 8.40%. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the prior year, the company earned $0.77 EPS. On average, analysts expect that CNA Financial Corporation will post $3.41 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Monday, August 14th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.32%. This is a boost from CNA Financial Corporation’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, August 10th. CNA Financial Corporation’s dividend payout ratio is 29.20%.
Several analysts recently issued reports on the company. BidaskClub raised CNA Financial Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Keefe, Bruyette & Woods restated a “hold” rating and set 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 raised their price target 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 given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $47.00.
In related news, CFO D Craig Mense sold 23,450 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $52.66, for a total transaction of $1,234,877.00. Following the completion of the sale, the chief financial officer now directly 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 SEC, which can be accessed through the SEC website. 0.53% of the stock is currently owned by corporate 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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