Mraz Amerine & Associates Inc. Reduces Position in CNA Financial Co. (NYSE:CNA)

Mraz Amerine & Associates Inc. cut its position in CNA Financial Co. (NYSE:CNA) by 21.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,650 shares of the insurance provider’s stock after selling 3,217 shares during the period. Mraz Amerine & Associates Inc.’s holdings in CNA Financial were worth $570,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Fairscale Capital LLC purchased a new stake in shares of CNA Financial in the 2nd quarter valued at approximately $55,000. GAMMA Investing LLC boosted its holdings in shares of CNA Financial by 36.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,566 shares of the insurance provider’s stock valued at $72,000 after buying an additional 422 shares in the last quarter. Abich Financial Wealth Management LLC boosted its holdings in shares of CNA Financial by 39.1% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,756 shares of the insurance provider’s stock valued at $80,000 after buying an additional 494 shares in the last quarter. Covestor Ltd boosted its holdings in shares of CNA Financial by 82.0% in the 1st quarter. Covestor Ltd now owns 1,971 shares of the insurance provider’s stock valued at $90,000 after buying an additional 888 shares in the last quarter. Finally, Whittier Trust Co. acquired a new position in shares of CNA Financial in the 2nd quarter valued at $92,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

CNA Financial Stock Down 0.2 %

Shares of NYSE:CNA opened at $49.54 on Friday. The stock has a market cap of $13.44 billion, a P/E ratio of 10.82, a P/E/G ratio of 3.31 and a beta of 0.64. The firm has a fifty day moving average price of $49.87 and a 200 day moving average price of $47.04. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.27 and a quick ratio of 0.27. CNA Financial Co. has a 1-year low of $38.32 and a 1-year high of $52.36.

CNA Financial (NYSE:CNA) last announced its quarterly earnings data on Monday, July 29th. The insurance provider reported $1.19 EPS for the quarter, hitting analysts’ consensus estimates of $1.19. The company had revenue of $3.52 billion during 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 quarter in the prior year, the firm earned $1.13 EPS. Sell-side analysts predict that CNA Financial Co. will post 4.85 EPS for the current year.

CNA Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Monday, August 12th were given a dividend of $0.44 per share. The ex-dividend date was Monday, August 12th. This represents a $1.76 dividend on an annualized basis and a yield of 3.55%. CNA Financial’s payout ratio is currently 38.43%.

Insiders Place Their Bets

In other CNA Financial news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $49.60, for a total transaction of $1,297,536.00. Following the completion of the transaction, the executive vice president now owns 47,744 shares in the company, valued at approximately $2,368,102.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $49.60, for a total value of $1,297,536.00. Following the completion of the transaction, the executive vice president now owns 47,744 shares in the company, valued at $2,368,102.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark Steven James sold 18,547 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $50.58, for a total transaction of $938,107.26. Following the completion of the transaction, the executive vice president now owns 22,917 shares of the company’s stock, valued at $1,159,141.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,151 shares of company stock worth $2,449,311. 0.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CNA has been the subject of a number of recent research reports. Bank of America increased their price target on shares of CNA Financial from $45.00 to $48.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods increased their price target on shares of CNA Financial from $48.00 to $53.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st.

About CNA Financial

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.