CNA Financial Co. (NYSE:CNA) Holdings Decreased by Bfsg LLC

Bfsg LLC cut its position in shares of CNA Financial Co. (NYSE:CNA) by 46.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,275 shares of the insurance provider’s stock after selling 2,880 shares during the quarter. Bfsg LLC’s holdings in CNA Financial were worth $160,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC increased its stake in shares of CNA Financial by 335.4% in the first quarter. Tidal Investments LLC now owns 30,046 shares of the insurance provider’s stock valued at $1,365,000 after purchasing an additional 23,146 shares during the period. Entropy Technologies LP acquired a new position in CNA Financial during the 1st quarter worth $520,000. Symmetry Partners LLC grew its stake in shares of CNA Financial by 318.3% in the second quarter. Symmetry Partners LLC now owns 20,361 shares of the insurance provider’s stock worth $938,000 after purchasing an additional 15,493 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of CNA Financial by 97.9% in the second quarter. AQR Capital Management LLC now owns 1,152,528 shares of the insurance provider’s stock worth $51,760,000 after purchasing an additional 570,172 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of CNA Financial during the second quarter valued at $273,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CNA. Keefe, Bruyette & Woods increased their target price on shares of CNA Financial from $48.00 to $53.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Bank of America increased their price objective on shares of CNA Financial from $45.00 to $48.00 and gave the company an “underperform” rating in a report on Thursday, October 10th.

CNA Financial Trading Up 1.1 %

Shares of CNA stock opened at $50.72 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.30. The stock has a 50-day simple moving average of $49.74 and a 200 day simple moving average of $46.84. CNA Financial Co. has a fifty-two week low of $38.32 and a fifty-two week high of $52.36. The stock has a market capitalization of $13.76 billion, a P/E ratio of 11.07, a P/E/G ratio of 3.31 and a beta of 0.64.

CNA Financial (NYSE:CNA) last released its earnings results on Monday, July 29th. The insurance provider reported $1.19 EPS for the quarter, hitting analysts’ consensus estimates of $1.19. The business had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.08 billion. CNA Financial had a net margin of 9.27% and a return on equity of 14.02%. During the same period in the previous year, the firm earned $1.13 EPS. On average, sell-side analysts expect that CNA Financial Co. will post 4.85 earnings per share for the current fiscal year.

CNA Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Monday, August 12th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend was Monday, August 12th. CNA Financial’s payout ratio is 38.43%.

Insider Transactions at CNA Financial

In related news, EVP Jane Elizabeth Possell sold 4,444 shares of CNA Financial stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $48.08, for a total value of $213,667.52. Following the transaction, the executive vice president now owns 30,009 shares of the company’s stock, valued at approximately $1,442,832.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Jane Elizabeth Possell sold 4,444 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $48.08, for a total value of $213,667.52. Following the completion of the sale, the executive vice president now owns 30,009 shares of the company’s stock, valued at $1,442,832.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mark Steven James sold 18,547 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $50.58, for a total value of $938,107.26. Following the transaction, the executive vice president now directly owns 22,917 shares in the company, valued at $1,159,141.86. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,151 shares of company stock valued at $2,449,311 over the last three months. Company insiders own 0.30% of the company’s stock.

CNA Financial Profile

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.