APG Asset Management N.V. Acquires Shares of 11,800 CNA Financial Co. (NYSE:CNA)

APG Asset Management N.V. bought a new position in shares of CNA Financial Co. (NYSE:CNA) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,800 shares of the insurance provider’s stock, valued at approximately $507,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC raised its holdings in CNA Financial by 28.5% in the 1st quarter. GAMMA Investing LLC now owns 1,144 shares of the insurance provider’s stock valued at $52,000 after acquiring an additional 254 shares during the period. Fairscale Capital LLC bought a new position in shares of CNA Financial during the second quarter worth approximately $55,000. Abich Financial Wealth Management LLC lifted its holdings in CNA Financial by 39.1% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,756 shares of the insurance provider’s stock worth $80,000 after purchasing an additional 494 shares during the last quarter. Covestor Ltd boosted its stake in CNA Financial by 82.0% in the 1st quarter. Covestor Ltd now owns 1,971 shares of the insurance provider’s stock valued at $90,000 after purchasing an additional 888 shares during the period. Finally, Whittier Trust Co. acquired a new position in CNA Financial in the 2nd quarter valued at $92,000. Institutional investors own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted their target price on CNA Financial from $48.00 to $53.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st.

CNA Financial Stock Performance

Shares of NYSE:CNA opened at $49.11 on Wednesday. CNA Financial Co. has a 12-month low of $37.95 and a 12-month high of $52.36. The company’s 50 day moving average price is $49.71 and its two-hundred day moving average price is $46.52. The firm has a market cap of $13.32 billion, a PE ratio of 10.72, a PEG ratio of 3.39 and a beta of 0.65. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.30.

CNA Financial (NYSE:CNA) last issued its quarterly earnings results on Monday, July 29th. The insurance provider reported $1.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.19. The business had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.08 billion. CNA Financial had a return on equity of 14.02% and a net margin of 9.27%. During the same quarter in the prior year, the business posted $1.13 earnings per share. Equities research analysts predict that CNA Financial Co. will post 4.87 earnings per share for the current year.

CNA Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Monday, August 12th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend was Monday, August 12th. CNA Financial’s dividend payout ratio (DPR) is presently 38.43%.

Insider Buying and Selling

In other CNA Financial news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $49.60, for a total value of $1,297,536.00. Following the transaction, the executive vice president now directly owns 47,744 shares of the company’s stock, valued at approximately $2,368,102.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other CNA Financial news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $49.60, for a total transaction of $1,297,536.00. Following the completion of the sale, the executive vice president now directly owns 47,744 shares in the company, valued at $2,368,102.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark Steven James sold 18,547 shares of CNA Financial stock in a transaction on Monday, September 16th. The shares were sold at an average price of $50.58, for a total value of $938,107.26. Following the completion of the transaction, the executive vice president now owns 22,917 shares in the company, valued at approximately $1,159,141.86. The disclosure for this sale can be found here. Insiders sold 49,151 shares of company stock valued at $2,449,311 over the last quarter. 0.30% of the stock is owned by company insiders.

CNA Financial Profile

CNA Financial Corporation provides commercial property and casualty insurance products in the United States and internationally. 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 and cyber 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 casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.