Los Angeles Capital Management LLC Purchases New Shares in CNA Financial Co. (NYSE:CNA)

Los Angeles Capital Management LLC acquired a new position in shares of CNA Financial Co. (NYSE:CNA – Get Rating) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,937 shares of the insurance provider’s stock, valued at approximately $532,000.

A number of other large investors also recently modified their holdings of CNA. Allworth Financial LP bought a new stake in shares of CNA Financial during the 1st quarter worth about $27,000. Signaturefd LLC raised its position in shares of CNA Financial by 103.5% during the 1st quarter. Signaturefd LLC now owns 578 shares of the insurance provider’s stock worth $28,000 after buying an additional 294 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of CNA Financial in the 4th quarter worth approximately $39,000. CENTRAL TRUST Co acquired a new position in shares of CNA Financial in the 1st quarter worth approximately $45,000. Finally, Covestor Ltd acquired a new position in shares of CNA Financial in the 4th quarter worth approximately $99,000. 99.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of CNA Financial from a “buy” rating to a “hold” rating in a report on Sunday, July 31st.

CNA Financial Trading Up 0.7 %

Shares of CNA stock opened at $41.70 on Monday. CNA Financial Co. has a 1 year low of $39.57 and a 1 year high of $50.33. The firm’s fifty day simple moving average is $43.03 and its 200 day simple moving average is $45.42. The firm has a market capitalization of $11.31 billion, a P/E ratio of 10.92, a price-to-earnings-growth ratio of 2.25 and a beta of 0.66. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.29.

CNA Financial (NYSE:CNA – Get Rating) last announced its earnings results on Monday, August 1st. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.13). CNA Financial had a return on equity of 9.28% and a net margin of 8.80%. During the same quarter in the prior year, the business posted $1.25 EPS. As a group, sell-side analysts predict that CNA Financial Co. will post 3.7 EPS for the current year.

CNA Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 15th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Friday, August 12th. CNA Financial’s dividend payout ratio (DPR) is currently 41.88%.

Insider Buying and Selling at CNA Financial

In other CNA Financial news, EVP Daniel Paul Franzetti sold 9,486 shares of the business’s stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $44.79, for a total value of $424,877.94. Following the sale, the executive vice president now owns 41,830 shares of the company’s stock, valued at approximately $1,873,565.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.24% of the company’s stock.

CNA Financial Company Profile

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CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company offers professional liability coverages and risk management services to various professional firms, including architects, real estate agents, and accounting and law firms; directors and officers, employment practices, fiduciary, and fidelity coverages to small and mid-size firms, public and privately held firms, and not-for-profit organizations; professional and general liability, as well as associated standard property and casualty coverages for the healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.

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Institutional Ownership by Quarter for CNA Financial (NYSE:CNA)

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