Connor Clark & Lunn Investment Management Ltd. Makes New Investment in CNA Financial Corporation $CNA

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in CNA Financial Corporation (NYSE:CNA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 190,632 shares of the insurance provider’s stock, valued at approximately $9,267,000. Connor Clark & Lunn Investment Management Ltd. owned 0.07% of CNA Financial as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Lloyd Advisory Services LLC. acquired a new position in shares of CNA Financial during the 4th quarter valued at $25,000. Compass Financial Management LLC acquired a new stake in CNA Financial in the second quarter worth $36,000. State of Wyoming acquired a new stake in CNA Financial in the second quarter worth $53,000. Quantbot Technologies LP acquired a new stake in CNA Financial in the second quarter worth $55,000. Finally, CIBC Private Wealth Group LLC increased its stake in CNA Financial by 142.7% in the third quarter. CIBC Private Wealth Group LLC now owns 1,223 shares of the insurance provider’s stock valued at $57,000 after purchasing an additional 719 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on CNA. Weiss Ratings upgraded shares of CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 17th. Zacks Research upgraded CNA Financial from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, CNA Financial has an average rating of “Moderate Buy”.

CNA Financial Price Performance

Shares of CNA opened at $49.42 on Thursday. CNA Financial Corporation has a 12-month low of $41.53 and a 12-month high of $55.71. The business’s fifty day moving average is $50.73 and its 200 day moving average is $47.79. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.27. The stock has a market cap of $13.37 billion, a P/E ratio of 10.86, a P/E/G ratio of 6.56 and a beta of 0.28.

CNA Financial (NYSE:CNA) last announced its quarterly earnings results on Monday, August 3rd. The insurance provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.11. CNA Financial had a net margin of 8.16% and a return on equity of 11.34%. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the previous year, the business posted $1.23 EPS. Sell-side analysts anticipate that CNA Financial Corporation will post 4.19 earnings per share for the current fiscal year.

CNA Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Monday, August 17th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.92 annualized dividend and a dividend yield of 3.9%. CNA Financial’s payout ratio is presently 42.20%.

Insider Transactions at CNA Financial

In other CNA Financial news, EVP Mark Steven James sold 8,273 shares of CNA Financial stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $53.15, for a total transaction of $439,709.95. Following the completion of the transaction, the executive vice president owned 26,446 shares in the company, valued at approximately $1,405,604.90. The trade was a 23.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Daniel Paul Franzetti sold 22,656 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $53.09, for a total value of $1,202,807.04. Following the sale, the chief accounting officer directly owned 68,032 shares of the company’s stock, valued at $3,611,818.88. This represents a 24.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.29% of the company’s stock.

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.