CNA Financial Corporation $CNA Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP boosted its holdings in shares of CNA Financial Corporation (NYSE:CNA) by 970.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,681 shares of the insurance provider’s stock after buying an additional 11,496 shares during the quarter. Quantbot Technologies LP’s holdings in CNA Financial were worth $589,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Alpine Bank Wealth Management raised its position in CNA Financial by 70.0% during the third quarter. Alpine Bank Wealth Management now owns 556 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 229 shares in the last quarter. Covestor Ltd raised its position in CNA Financial by 129.7% during the third quarter. Covestor Ltd now owns 712 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 402 shares during the period. Allworth Financial LP raised its position in shares of CNA Financial by 102.3% during the 2nd quarter. Allworth Financial LP now owns 785 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 397 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of CNA Financial during the third quarter valued at approximately $48,000. Finally, State of Wyoming acquired a new position in CNA Financial in the 2nd quarter valued at $53,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insider Buying and Selling at CNA Financial

In other news, Chairman Dino Robusto sold 6,250 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $47.62, for a total value of $297,625.00. Following the completion of the sale, the chairman directly owned 661,838 shares of the company’s stock, valued at approximately $31,516,725.56. The trade was a 0.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.36% of the company’s stock.

CNA Financial Trading Down 0.4%

Shares of NYSE:CNA opened at $48.17 on Monday. CNA Financial Corporation has a 52 week low of $43.29 and a 52 week high of $51.34. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.26. The company has a market cap of $13.04 billion, a PE ratio of 10.27, a P/E/G ratio of 9.08 and a beta of 0.34. The company’s 50 day moving average is $47.83 and its two-hundred day moving average is $46.99.

CNA Financial (NYSE:CNA) last announced its quarterly earnings results on Monday, February 9th. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04). The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $2.88 billion. CNA Financial had a return on equity of 12.23% and a net margin of 8.53%.During the same period last year, the firm earned $1.25 earnings per share. Equities analysts predict that CNA Financial Corporation will post 4.64 earnings per share for the current fiscal year.

CNA Financial Announces Dividend

The business also recently declared an annual dividend, which will be paid on Thursday, March 12th. Investors of record on Monday, February 23rd will be paid a dividend of $2.00 per share. This represents a yield of 409.0%. The ex-dividend date is Monday, February 23rd. CNA Financial’s dividend payout ratio (DPR) is currently 40.94%.

Analysts Set New Price Targets

CNA has been the topic of a number of research reports. Wall Street Zen lowered shares of CNA Financial from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Weiss Ratings raised shares of CNA Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. Finally, Zacks Research cut CNA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

About CNA Financial

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.