Gibbs Wealth Management Purchases Shares of 23,036 CNA Financial Corporation $CNA

Gibbs Wealth Management purchased a new stake in shares of CNA Financial Corporation (NYSE:CNA) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 23,036 shares of the insurance provider’s stock, valued at approximately $1,058,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Lloyd Advisory Services LLC. purchased a new stake in CNA Financial in the fourth quarter valued at approximately $25,000. State of Wyoming bought a new stake in CNA Financial during the second quarter valued at approximately $53,000. Quantbot Technologies LP purchased a new position in CNA Financial in the 2nd quarter worth approximately $55,000. CIBC Private Wealth Group LLC grew its stake in CNA Financial by 142.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,223 shares of the insurance provider’s stock worth $57,000 after buying an additional 719 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of CNA Financial by 28.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,435 shares of the insurance provider’s stock worth $67,000 after buying an additional 318 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

CNA Financial Stock Up 2.7%

Shares of CNA opened at $53.62 on Friday. The firm has a market cap of $14.51 billion, a P/E ratio of 12.00, a P/E/G ratio of 7.14 and a beta of 0.28. The stock has a 50 day simple moving average of $47.14 and a two-hundred day simple moving average of $47.07. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.26 and a quick ratio of 0.26. CNA Financial Corporation has a 1 year low of $41.53 and a 1 year high of $53.77.

CNA Financial (NYSE:CNA) last posted its quarterly earnings results on Monday, May 4th. The insurance provider reported $0.83 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.47). The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $2.93 billion. CNA Financial had a return on equity of 11.57% and a net margin of 8.08%.During the same period last year, the business posted $1.03 earnings per share. On average, analysts forecast that CNA Financial Corporation will post 4.09 earnings per share for the current fiscal year.

CNA Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.92 annualized dividend and a dividend yield of 3.6%. CNA Financial’s dividend payout ratio (DPR) is currently 42.95%.

Analyst Ratings Changes

Several analysts have recently weighed in on CNA shares. Zacks Research upgraded shares of CNA Financial from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 16th. Weiss Ratings upgraded shares of CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

CNA Financial Company Profile

CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.

Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.