CNA Financial Co. (NYSE:CNA) Stock Holdings Decreased by Covestor Ltd

Covestor Ltd decreased its stake in shares of CNA Financial Co. (NYSE:CNA) by 21.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,558 shares of the insurance provider’s stock after selling 428 shares during the period. Covestor Ltd’s holdings in CNA Financial were worth $77,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of CNA. Tidal Investments LLC lifted its holdings in CNA Financial by 335.4% during the 1st quarter. Tidal Investments LLC now owns 30,046 shares of the insurance provider’s stock worth $1,365,000 after buying an additional 23,146 shares during the last quarter. Entropy Technologies LP acquired a new position in CNA Financial in the first quarter worth $520,000. Symmetry Partners LLC raised its holdings in shares of CNA Financial by 318.3% during 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 during the period. AQR Capital Management LLC boosted its stake in 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 valued at $51,760,000 after acquiring an additional 570,172 shares during the period. Finally, Creative Planning boosted its stake in CNA Financial by 16.5% during the 3rd quarter. Creative Planning now owns 16,067 shares of the insurance provider’s stock valued at $786,000 after purchasing an additional 2,272 shares during the period. Institutional investors own 98.45% of the company’s stock.

Insider Transactions at CNA Financial

In other news, EVP Mark Steven James sold 18,547 shares of the business’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 sale, the executive vice president now owns 22,917 shares in the company, valued at approximately $1,159,141.86. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Douglas Worman sold 22,973 shares of the stock in a transaction on Thursday, November 7th. The stock was 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 approximately $6,521,628.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark Steven James sold 18,547 shares of CNA Financial stock in a transaction on Monday, September 16th. The stock was sold at an average price of $50.58, for a total value of $938,107.26. Following the sale, the executive vice president now directly 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 have sold 67,680 shares of company stock valued at $3,355,577. 0.30% of the stock is owned by corporate insiders.

CNA Financial Trading Down 0.1 %

Shares of CNA opened at $48.30 on Thursday. The business’s 50-day moving average price is $49.15 and its 200 day moving average price is $47.51. The stock has a market capitalization of $13.08 billion, a P/E ratio of 10.06, a P/E/G ratio of 6.22 and a beta of 0.65. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.28. CNA Financial Co. has a 1-year low of $38.87 and a 1-year high of $52.36.

CNA Financial (NYSE:CNA) last issued 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 company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.15 billion. CNA Financial had a return on equity of 13.30% and a net margin of 9.26%. During the same period in the prior year, the firm posted $1.06 EPS. Analysts expect that CNA Financial Co. will post 4.65 earnings per share for the current year.

CNA Financial Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.