Dimensional Fund Advisors LP Sells 175,027 Shares of CNA Financial Co. (NYSE:CNA)

Dimensional Fund Advisors LP lowered its holdings in CNA Financial Co. (NYSE:CNA) by 72.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,155 shares of the insurance provider’s stock after selling 175,027 shares during the period. Dimensional Fund Advisors LP’s holdings in CNA Financial were worth $3,094,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CNA. Parallel Advisors LLC raised its position in shares of CNA Financial by 20.3% in the second quarter. Parallel Advisors LLC now owns 6,703 shares of the insurance provider’s stock valued at $309,000 after buying an additional 1,130 shares in the last quarter. Federated Hermes Inc. bought a new stake in shares of CNA Financial during the 2nd quarter valued at $368,000. American Century Companies Inc. grew its holdings in shares of CNA Financial by 786.5% during the 2nd quarter. American Century Companies Inc. now owns 153,669 shares of the insurance provider’s stock worth $7,080,000 after purchasing an additional 136,334 shares in the last quarter. Quest Partners LLC increased its position in shares of CNA Financial by 75,123.8% in the second quarter. Quest Partners LLC now owns 15,797 shares of the insurance provider’s stock worth $728,000 after purchasing an additional 15,776 shares during the period. Finally, Ballentine Partners LLC raised its stake in CNA Financial by 14.5% in the second quarter. Ballentine Partners LLC now owns 18,926 shares of the insurance provider’s stock valued at $872,000 after purchasing an additional 2,396 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Bank of America increased their price objective on shares of CNA Financial from $45.00 to $48.00 and gave the stock an “underperform” rating in a research note on Thursday. Keefe, Bruyette & Woods lifted their price objective on shares of CNA Financial from $48.00 to $53.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st.

Insider Activity

In other CNA Financial news, EVP Jane Elizabeth Possell sold 4,444 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $48.08, for a total value of $213,667.52. Following the completion of the transaction, the executive vice president now owns 30,009 shares of the company’s stock, valued at $1,442,832.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other CNA Financial news, EVP Jane Elizabeth Possell sold 4,444 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $48.08, for a total value of $213,667.52. Following the completion of the transaction, the executive vice president now directly owns 30,009 shares in the company, valued at approximately $1,442,832.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark Steven James sold 18,547 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $50.58, for a total transaction of $938,107.26. Following the completion of the sale, the executive vice president now directly owns 22,917 shares in the company, valued at approximately $1,159,141.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,151 shares of company stock worth $2,449,311. Insiders own 0.30% of the company’s stock.

CNA Financial Price Performance

Shares of CNA stock opened at $48.51 on Friday. The business has a fifty day simple moving average of $49.61 and a 200 day simple moving average of $46.67. The company has a market cap of $13.16 billion, a P/E ratio of 10.59, a P/E/G 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 twelve month low of $38.32 and a twelve month high of $52.36.

CNA Financial (NYSE:CNA) last posted its quarterly earnings results on Monday, July 29th. The insurance provider reported $1.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.19. The company had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.08 billion. CNA Financial had a net margin of 9.27% and a return on equity of 14.02%. During the same period last year, the company posted $1.13 EPS. On average, sell-side analysts forecast that CNA Financial Co. will post 4.87 EPS for the current fiscal year.

CNA Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Monday, August 12th were issued a dividend of $0.44 per share. The ex-dividend date was Monday, August 12th. This represents a $1.76 annualized dividend and a dividend yield of 3.63%. CNA Financial’s dividend payout ratio (DPR) is presently 38.43%.

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.