Utah Retirement Systems lifted its position in CNA Financial Corporation (NYSE:CNA) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,010 shares of the insurance provider’s stock after acquiring an additional 100 shares during the period. Utah Retirement Systems’ holdings in CNA Financial Corporation were worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in shares of CNA Financial Corporation by 0.5% in the 1st quarter. Bank of America Corp DE now owns 693,798 shares of the insurance provider’s stock valued at $30,645,000 after acquiring an additional 3,408 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of CNA Financial Corporation by 77.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 264,193 shares of the insurance provider’s stock valued at $11,670,000 after acquiring an additional 115,550 shares during the period. Vanguard Group Inc. increased its position in shares of CNA Financial Corporation by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 550,006 shares of the insurance provider’s stock valued at $24,294,000 after acquiring an additional 20,462 shares during the period. Prudential Financial Inc. acquired a new position in shares of CNA Financial Corporation in the 1st quarter valued at $3,661,000. Finally, Oxford Asset Management acquired a new position in shares of CNA Financial Corporation in the 1st quarter valued at $1,340,000. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CNA Financial Corporation (NYSE:CNA) opened at 48.38 on Friday. The firm has a market capitalization of $13.11 billion, a P/E ratio of 11.77 and a beta of 1.24. CNA Financial Corporation has a 12 month low of $32.50 and a 12 month high of $53.67. The firm’s 50-day moving average price is $50.60 and its 200 day moving average price is $47.05.

CNA Financial Corporation (NYSE:CNA) last announced its earnings results on Monday, July 31st. The insurance provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.13. CNA Financial Corporation had a net margin of 11.72% and a return on equity of 8.40%. The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the prior year, the company earned $0.77 earnings per share. Analysts anticipate that CNA Financial Corporation will post $3.36 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.48%. This is a boost from CNA Financial Corporation’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, August 10th. CNA Financial Corporation’s dividend payout ratio is presently 29.20%.

Several equities analysts recently issued reports on CNA shares. Zacks Investment Research downgraded CNA Financial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $50.00 target price on shares of CNA Financial Corporation in a research report on Thursday, August 3rd. BidaskClub downgraded CNA Financial Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, ValuEngine raised CNA Financial Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the stock. CNA Financial Corporation currently has an average rating of “Hold” and an average target price of $47.00.

In other news, CFO D Craig Mense sold 23,450 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 130,548 shares of the company’s stock, valued at $6,874,657.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.53% of the stock is currently owned by corporate insiders.

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About CNA Financial Corporation

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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Institutional Ownership by Quarter for CNA Financial Corporation (NYSE:CNA)

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