WINTON GROUP Ltd Makes New Investment in CNA Financial Corporation $CNA

WINTON GROUP Ltd acquired a new position in shares of CNA Financial Corporation (NYSE:CNA) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 11,028 shares of the insurance provider’s stock, valued at approximately $536,000.

Several other large investors have also modified their holdings of CNA. Lloyd Advisory Services LLC. purchased a new position in shares of CNA Financial in the 4th quarter valued at $25,000. Compass Financial Management LLC purchased a new stake in CNA Financial in the second quarter valued at $36,000. Allworth Financial LP purchased a new stake in CNA Financial in the second quarter valued at $69,000. Covestor Ltd boosted its stake in CNA Financial by 126.0% in the fourth quarter. Covestor Ltd now owns 1,609 shares of the insurance provider’s stock valued at $77,000 after acquiring an additional 897 shares in the last quarter. Finally, Whittier Trust Co. boosted its stake in CNA Financial by 13.8% in the first quarter. Whittier Trust Co. now owns 2,275 shares of the insurance provider’s stock valued at $105,000 after acquiring an additional 275 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Transactions at CNA Financial

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on CNA. Weiss Ratings raised CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 17th. Zacks Research raised CNA Financial from a “strong sell” rating to a “hold” rating in a report on Thursday, July 16th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, CNA Financial currently has a consensus rating of “Moderate Buy”.

CNA Financial Stock Performance

Shares of CNA opened at $48.47 on Wednesday. The company’s 50 day simple moving average is $50.72 and its 200-day simple moving average is $47.75. The firm has a market cap of $13.12 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 6.42 and a beta of 0.27. CNA Financial Corporation has a 12-month low of $41.53 and a 12-month high of $55.71. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27.

CNA Financial (NYSE:CNA) last released its quarterly earnings results on Monday, August 3rd. The insurance provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.08 by $0.11. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $2.97 billion. CNA Financial had a net margin of 8.16% and a return on equity of 11.34%. During the same quarter in the prior year, the firm earned $1.23 EPS. As a group, equities analysts predict that CNA Financial Corporation will post 4.19 EPS for the current year.

CNA Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Monday, August 17th were paid a $0.48 dividend. The ex-dividend date was Monday, August 17th. This represents a $1.92 dividend on an annualized basis and a yield of 4.0%. CNA Financial’s payout ratio is currently 42.20%.

CNA Financial Profile

CNA Financial Corporation (NYSE: CNA) is a commercial property and casualty insurance company serving businesses, organizations and professionals. Its insurance offerings include commercial property, casualty, workers’ compensation, professional liability, management liability, marine, surety and specialty coverage.

The company serves a broad range of industries, including construction, manufacturing, healthcare, financial services, technology, professional services and nonprofit organizations.