Wealth Enhancement Advisory Services LLC Invests $273,000 in CNA Financial Co. (NYSE:CNA)

Wealth Enhancement Advisory Services LLC purchased a new stake in shares of CNA Financial Co. (NYSE:CNA) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,937 shares of the insurance provider’s stock, valued at approximately $273,000.

Several other large investors have also recently modified their holdings of the stock. GAMMA Investing LLC purchased a new stake in CNA Financial during the 4th quarter valued at about $39,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of CNA Financial during the fourth quarter valued at approximately $48,000. Abich Financial Wealth Management LLC increased its position in shares of CNA Financial by 39.1% during the first quarter. Abich Financial Wealth Management LLC now owns 1,756 shares of the insurance provider’s stock valued at $80,000 after acquiring an additional 494 shares in the last quarter. Covestor Ltd increased its position in shares of CNA Financial by 82.0% during the first quarter. Covestor Ltd now owns 1,971 shares of the insurance provider’s stock valued at $90,000 after acquiring an additional 888 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new position in CNA Financial in the 1st quarter worth approximately $101,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insider Activity

In related news, EVP Jane Elizabeth Possell sold 4,444 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were 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 $1,442,832.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other CNA Financial news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $49.60, for a total transaction of $1,297,536.00. Following the completion of the sale, the executive vice president now owns 47,744 shares of the company’s stock, valued at $2,368,102.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jane Elizabeth Possell sold 4,444 shares of the firm’s 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 completion of the transaction, the executive vice president now directly owns 30,009 shares in the company, valued at approximately $1,442,832.72. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CNA. StockNews.com raised CNA Financial from a “hold” rating to a “buy” rating in a report on Thursday, May 16th. Keefe, Bruyette & Woods lifted their price objective on CNA Financial from $48.00 to $53.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st.

CNA Financial Stock Up 1.5 %

Shares of CNA Financial stock opened at $50.74 on Monday. CNA Financial Co. has a twelve month low of $37.95 and a twelve month high of $50.96. 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 company’s 50 day moving average is $47.27 and its 200 day moving average is $45.40. The company has a market cap of $13.77 billion, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of 3.34 and a beta of 0.64.

CNA Financial (NYSE:CNA) last released its quarterly earnings results on Monday, July 29th. The insurance provider reported $1.19 earnings per share for the quarter, meeting the consensus estimate of $1.19. CNA Financial had a return on equity of 14.02% and a net margin of 9.27%. The firm had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same period in the prior year, the firm earned $1.13 EPS. Research analysts anticipate that CNA Financial Co. will post 4.87 EPS for the current year.

CNA Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Monday, August 12th will be given a $0.44 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $1.76 annualized dividend and a yield of 3.47%. CNA Financial’s 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.