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Insurance

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

(Get Rating)

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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