Bank of Montreal Can Purchases 1,816 Shares of CNA Financial Co. (NYSE:CNA)

Bank of Montreal Can boosted its stake in CNA Financial Co. (NYSE:CNA) by 17.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,019 shares of the insurance provider’s stock after buying an additional 1,816 shares during the quarter. Bank of Montreal Can’s holdings in CNA Financial were worth $557,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CNA. GAMMA Investing LLC raised its position in shares of CNA Financial by 28.5% during the first quarter. GAMMA Investing LLC now owns 1,144 shares of the insurance provider’s stock worth $52,000 after acquiring an additional 254 shares during the last quarter. Fairscale Capital LLC bought a new stake in shares of CNA Financial during the second quarter worth $55,000. Abich Financial Wealth Management LLC raised its position in shares of CNA Financial by 39.1% during the first quarter. Abich Financial Wealth Management LLC now owns 1,756 shares of the insurance provider’s stock worth $80,000 after acquiring an additional 494 shares during the last quarter. Covestor Ltd raised its position in shares of CNA Financial by 82.0% during the first quarter. Covestor Ltd now owns 1,971 shares of the insurance provider’s stock worth $90,000 after acquiring an additional 888 shares during the last quarter. Finally, Whittier Trust Co. bought a new stake in shares of CNA Financial during the second quarter worth $92,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods increased their price target 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

CNA opened at $47.17 on Wednesday. The stock has a market cap of $12.80 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 3.39 and a beta of 0.64. 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 Co. has a 12-month low of $38.32 and a 12-month high of $52.36. The business has a 50 day moving average of $49.64 and a 200-day moving average of $46.64.

CNA Financial (NYSE:CNA) last posted its quarterly earnings data on Monday, July 29th. The insurance provider reported $1.19 EPS for the quarter, hitting analysts’ consensus estimates of $1.19. CNA Financial had a return on equity of 14.02% and a net margin of 9.27%. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter last year, the company earned $1.13 EPS. On average, equities research analysts expect that CNA Financial Co. will post 4.87 earnings per share for the current year.

CNA Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Monday, August 12th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.73%. The ex-dividend date was Monday, August 12th. CNA Financial’s payout ratio is presently 38.43%.

Insider Transactions at CNA Financial

In related news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $49.60, for a total value of $1,297,536.00. Following the completion of the sale, the executive vice president now directly owns 47,744 shares of the company’s stock, valued at $2,368,102.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other CNA Financial news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,368,102.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jane Elizabeth Possell sold 4,444 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $48.08, for a total value of $213,667.52. Following the sale, the executive vice president now directly owns 30,009 shares of the company’s stock, valued at $1,442,832.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,151 shares of company stock valued at $2,449,311. Corporate insiders own 0.30% of the company’s stock.

CNA Financial Company 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.