NN Investment Partners Holdings N.V. Acquires Shares of 14,711 CNA Financial Corporation (CNA)
NN Investment Partners Holdings N.V. acquired a new position in CNA Financial Corporation (NYSE:CNA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,711 shares of the insurance provider’s stock, valued at approximately $717,000.
Several other large investors have also recently modified their holdings of CNA. Russell Investments Group Ltd. purchased a new stake in shares of CNA Financial Corporation during the fourth quarter worth about $1,565,000. State Street Corp boosted its stake in shares of CNA Financial Corporation by 5.3% in the fourth quarter. State Street Corp now owns 313,844 shares of the insurance provider’s stock worth $13,029,000 after buying an additional 15,814 shares in the last quarter. Norges Bank purchased a new stake in shares of CNA Financial Corporation during the fourth quarter worth about $29,667,000. USA Financial Portformulas Corp purchased a new stake in shares of CNA Financial Corporation during the fourth quarter worth about $424,000. Finally, Denali Advisors LLC boosted its stake in shares of CNA Financial Corporation by 12.9% in the first quarter. Denali Advisors LLC now owns 181,500 shares of the insurance provider’s stock worth $8,017,000 after buying an additional 20,700 shares in the last quarter. Institutional investors own 99.78% of the company’s stock.
Shares of CNA Financial Corporation (NYSE CNA) traded down 0.62% on Friday, reaching $51.68. 181,556 shares of the company’s stock traded hands. The firm has a market cap of $14.01 billion, a P/E ratio of 12.58 and a beta of 1.23. The company’s 50-day moving average price is $50.66 and its 200 day moving average price is $46.16. CNA Financial Corporation has a one year low of $32.03 and a one year high of $53.67.
CNA Financial Corporation (NYSE:CNA) last released its quarterly earnings data on Monday, July 31st. The insurance provider reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.13. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.35 billion. CNA Financial Corporation had a net margin of 11.72% and a return on equity of 8.40%. During the same period last year, the firm earned $0.77 EPS. On average, equities analysts forecast that CNA Financial Corporation will post $3.41 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This is a boost from CNA Financial Corporation’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 2.32%. CNA Financial Corporation’s dividend payout ratio is currently 29.20%.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of CNA Financial Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. BidaskClub downgraded shares of CNA Financial Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $50.00 price target on shares of CNA Financial Corporation in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $47.00.
In other CNA Financial Corporation news, CFO D Craig Mense sold 23,450 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $52.66, for a total value of $1,234,877.00. Following the sale, the chief financial officer now directly owns 130,548 shares in the company, valued at approximately $6,874,657.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.53% of the company’s stock.
CNA Financial Corporation Company Profile
CNA Financial Corporation is an insurance holding company. The Company’s segments include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. Its Specialty segment provides a range of professional, financial, and specialty property, and casualty products and services.
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