38,546 Shares in CNA Financial Corporation $CNA Acquired by Quantbot Technologies LP

Quantbot Technologies LP purchased a new position in shares of CNA Financial Corporation (NYSE:CNA) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 38,546 shares of the insurance provider’s stock, valued at approximately $1,874,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNA. Daiwa Securities Group Inc. boosted its holdings in shares of CNA Financial by 5.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,972 shares of the insurance provider’s stock valued at $190,000 after acquiring an additional 211 shares during the period. Lazard Asset Management LLC raised its position in CNA Financial by 6.8% in the 2nd quarter. Lazard Asset Management LLC now owns 3,957 shares of the insurance provider’s stock valued at $184,000 after purchasing an additional 253 shares during the last quarter. Focus Partners Wealth raised its position in CNA Financial by 2.9% in the 3rd quarter. Focus Partners Wealth now owns 9,305 shares of the insurance provider’s stock valued at $432,000 after purchasing an additional 258 shares during the last quarter. Whittier Trust Co. boosted its stake in CNA Financial by 13.8% during the 1st quarter. Whittier Trust Co. now owns 2,275 shares of the insurance provider’s stock worth $105,000 after purchasing an additional 275 shares during the period. Finally, Hudson Portfolio Management LLC boosted its stake in CNA Financial by 0.8% during the 4th quarter. Hudson Portfolio Management LLC now owns 39,980 shares of the insurance provider’s stock worth $1,909,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

CNA Financial Price Performance

CNA Financial stock opened at $49.67 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.27 and a quick ratio of 0.27. The business has a 50 day simple moving average of $50.57 and a 200-day simple moving average of $47.80. CNA Financial Corporation has a 12 month low of $41.53 and a 12 month high of $55.71. The stock has a market capitalization of $13.44 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 6.54 and a beta of 0.28.

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

CNA Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Monday, August 17th will be issued a $0.48 dividend. 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 news, CAO Daniel Paul Franzetti sold 22,656 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $53.09, for a total transaction of $1,202,807.04. Following the transaction, the chief accounting officer directly owned 68,032 shares in the company, valued at $3,611,818.88. The trade was a 24.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark Steven James sold 8,273 shares of the 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 transaction, the executive vice president directly owned 26,446 shares of the company’s stock, valued at $1,405,604.90. This represents a 23.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

CNA has been the topic of several research reports. Zacks Research raised 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 note on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently 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.