5,300 Shares in CNA Financial Co. (NYSE:CNA) Purchased by IMS Capital Management

IMS Capital Management purchased a new position in shares of CNA Financial Co. (NYSE:CNA) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,300 shares of the insurance provider’s stock, valued at approximately $241,000.

A number of other hedge funds have also bought and sold shares of the business. CENTRAL TRUST Co acquired a new stake in shares of CNA Financial in the 4th quarter valued at approximately $25,000. Blue Trust Inc. acquired a new stake in CNA Financial during the 4th quarter worth approximately $27,000. GAMMA Investing LLC acquired a new stake in CNA Financial during the 4th quarter worth approximately $39,000. Allspring Global Investments Holdings LLC acquired a new stake in CNA Financial during the 4th quarter worth approximately $48,000. Finally, Covestor Ltd boosted its position in CNA Financial by 82.0% during the 1st quarter. Covestor Ltd now owns 1,971 shares of the insurance provider’s stock worth $90,000 after buying an additional 888 shares during the period. 98.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CNA shares. Keefe, Bruyette & Woods raised their price target on shares of CNA Financial from $48.00 to $53.00 and gave the stock a “market perform” rating in a report on Thursday. StockNews.com upgraded shares of CNA Financial from a “hold” rating to a “buy” rating in a research note on Thursday, May 16th.

Insiders Place Their Bets

In other CNA Financial news, insider Susan Ann Stone 6,674 shares of the firm’s stock in a transaction on Tuesday, July 30th. The was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other CNA Financial news, CAO Daniel Paul Franzetti sold 23,301 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $44.78, for a total value of $1,043,418.78. Following the completion of the sale, the chief accounting officer now owns 63,996 shares of the company’s stock, valued at $2,865,740.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Susan Ann Stone 6,674 shares of CNA Financial stock in a transaction that occurred on Tuesday, July 30th. The disclosure for this trade can be found here. Insiders own 0.30% of the company’s stock.

CNA Financial Stock Down 0.5 %

CNA stock traded down $0.25 during midday trading on Friday, reaching $48.89. 315,487 shares of the company’s stock traded hands, compared to its average volume of 272,823. The company has a market cap of $13.24 billion, a price-to-earnings ratio of 10.67, a P/E/G ratio of 3.34 and a beta of 0.64. The firm’s fifty day moving average price is $45.95 and its 200-day moving average price is $44.90. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.30. CNA Financial Co. has a 52 week low of $37.95 and a 52 week high of $50.79.

CNA Financial (NYSE:CNA) last announced its quarterly earnings results on Monday, July 29th. The insurance provider reported $1.19 EPS for the quarter, meeting analysts’ consensus estimates of $1.19. The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.08 billion. CNA Financial had a net margin of 9.27% and a return on equity of 14.02%. During the same quarter in the previous year, the business posted $1.13 EPS. As a group, sell-side analysts forecast that CNA Financial Co. will post 4.87 earnings per share for the current fiscal year.

CNA Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Monday, August 12th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Monday, August 12th. CNA Financial’s dividend payout ratio is 38.43%.

CNA Financial Company 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.