CNA Financial Co. (NYSE:CNA) Shares Purchased by Cwm LLC

Cwm LLC grew its position in shares of CNA Financial Co. (NYSE:CNA) by 113.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,654 shares of the insurance provider’s stock after acquiring an additional 5,131 shares during the quarter. Cwm LLC’s holdings in CNA Financial were worth $472,000 at the end of the most recent quarter.

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

CNA Financial Stock Performance

NYSE:CNA opened at $50.70 on Friday. CNA Financial Co. has a 1-year low of $38.32 and a 1-year high of $52.36. The stock has a market cap of $13.75 billion, a P/E ratio of 11.07, a PEG ratio of 3.31 and a beta of 0.64. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a 50-day moving average of $49.77 and a two-hundred day moving average of $46.90.

CNA Financial (NYSE:CNA) last issued its quarterly earnings data on Monday, July 29th. The insurance provider reported $1.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.19. The firm had revenue of $3.52 billion during the quarter, compared to analyst estimates 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 last year, the firm earned $1.13 EPS. On average, research analysts expect that CNA Financial Co. will post 4.85 earnings per share for the current fiscal year.

CNA Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Monday, August 12th were paid a dividend of $0.44 per share. The ex-dividend date was Monday, August 12th. This represents a $1.76 dividend on an annualized basis and a yield of 3.47%. CNA Financial’s dividend payout ratio (DPR) is 38.43%.

Insiders Place Their Bets

In other news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the company’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 sale, the executive vice president now owns 47,744 shares in the company, valued at approximately $2,368,102.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other 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 value 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 approximately $2,368,102.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Steven James sold 18,547 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $50.58, for a total value of $938,107.26. Following the transaction, the executive vice president now owns 22,917 shares in the company, valued at $1,159,141.86. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,151 shares of company stock valued at $2,449,311 in the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Bank of America upped their target price on CNA Financial from $45.00 to $48.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods upped 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.

About CNA Financial

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.