Entropy Technologies LP Makes New $840,000 Investment in CNA Financial Co. (NYSE:CNA)

Entropy Technologies LP bought a new stake in CNA Financial Co. (NYSE:CNA) in the 3rd quarter, Holdings Channel.com reports. The firm bought 17,165 shares of the insurance provider’s stock, valued at approximately $840,000.

Several other hedge funds have also added to or reduced their stakes in the business. River Road Asset Management LLC boosted its holdings in CNA Financial by 0.6% in the 3rd quarter. River Road Asset Management LLC now owns 1,012,492 shares of the insurance provider’s stock valued at $49,551,000 after purchasing an additional 5,539 shares during the period. New York State Common Retirement Fund raised its position in CNA Financial by 366.7% during the 3rd quarter. New York State Common Retirement Fund now owns 1,401,539 shares of the insurance provider’s stock worth $68,591,000 after purchasing an additional 1,101,217 shares during the last quarter. US Bancorp DE raised its holdings in CNA Financial by 26.6% during the 3rd quarter. US Bancorp DE now owns 3,449 shares of the insurance provider’s stock worth $169,000 after purchasing an additional 725 shares during the last quarter. Measured Wealth Private Client Group LLC grew its holdings in CNA Financial by 4.4% during the 3rd quarter. Measured Wealth Private Client Group LLC now owns 13,605 shares of the insurance provider’s stock worth $666,000 after acquiring an additional 578 shares during the period. Finally, Pallas Capital Advisors LLC acquired a new stake in CNA Financial during the third quarter worth approximately $369,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

CNA Financial Price Performance

CNA Financial stock opened at $48.30 on Thursday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.28. The business’s 50 day simple moving average is $49.15 and its 200 day simple moving average is $47.51. CNA Financial Co. has a 12 month low of $38.87 and a 12 month high of $52.36. The company has a market cap of $13.08 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 6.22 and a beta of 0.65.

CNA Financial (NYSE:CNA) last posted its earnings results on Monday, November 4th. The insurance provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.01. The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.15 billion. CNA Financial had a net margin of 9.26% and a return on equity of 13.30%. During the same quarter last year, the company earned $1.06 earnings per share. Sell-side analysts forecast that CNA Financial Co. will post 4.65 EPS for the current year.

CNA Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Monday, November 18th. CNA Financial’s dividend payout ratio is presently 36.67%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. StockNews.com raised shares of CNA Financial from a “hold” rating to a “buy” rating in a research note on Wednesday. Keefe, Bruyette & Woods raised their price objective on CNA Financial from $54.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, November 8th. Finally, Bank of America boosted their target price on CNA Financial from $45.00 to $48.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th.

Insiders Place Their Bets

In other news, EVP Douglas Worman sold 22,973 shares of CNA Financial stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $48.75, for a total transaction of $1,119,933.75. Following the completion of the sale, the executive vice president now owns 133,777 shares in the company, valued at approximately $6,521,628.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related 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 value of $1,297,536.00. Following the completion of the transaction, the executive vice president now directly owns 47,744 shares in the company, valued at approximately $2,368,102.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Douglas Worman sold 22,973 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $48.75, for a total value of $1,119,933.75. Following the sale, the executive vice president now owns 133,777 shares in the company, valued at $6,521,628.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 67,680 shares of company stock worth $3,355,577 in the last three months. 0.30% of the stock is currently owned by corporate insiders.

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.