JPMorgan Chase & Co. Sells 1,477,448 Shares of CNA Financial Co. (NYSE:CNA)

JPMorgan Chase & Co. lowered its stake in shares of CNA Financial Co. (NYSE:CNA) by 98.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,068 shares of the insurance provider’s stock after selling 1,477,448 shares during the period. JPMorgan Chase & Co.’s holdings in CNA Financial were worth $1,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC grew its holdings in shares of CNA Financial by 12.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,355 shares of the insurance provider’s stock valued at $477,000 after purchasing an additional 1,183 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of CNA Financial by 178.9% in the second quarter. Hsbc Holdings PLC now owns 76,136 shares of the insurance provider’s stock valued at $3,505,000 after purchasing an additional 48,837 shares in the last quarter. Sei Investments Co. purchased a new position in shares of CNA Financial in the second quarter valued at $724,000. Bank of Montreal Can boosted its stake in CNA Financial by 17.8% during the second quarter. Bank of Montreal Can now owns 12,019 shares of the insurance provider’s stock worth $557,000 after buying an additional 1,816 shares during the period. Finally, Caxton Associates LP boosted its stake in CNA Financial by 170.8% during the second quarter. Caxton Associates LP now owns 13,941 shares of the insurance provider’s stock worth $642,000 after buying an additional 8,792 shares during the period. Institutional investors own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on CNA shares. Keefe, Bruyette & Woods dropped their price objective on shares of CNA Financial from $55.00 to $54.00 and set a “market perform” rating for the company in a research note on Friday, January 10th. Bank of America lifted 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, October 10th. Finally, StockNews.com raised shares of CNA Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th.

CNA Financial Stock Down 0.1 %

Shares of CNA opened at $48.12 on Friday. The firm has a market capitalization of $13.03 billion, a P/E ratio of 10.03, a P/E/G ratio of 6.10 and a beta of 0.67. CNA Financial Co. has a 12-month low of $42.33 and a 12-month high of $52.36. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.28. The firm has a fifty day moving average price of $48.60 and a 200-day moving average price of $48.89.

CNA Financial (NYSE:CNA) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.15 billion. CNA Financial had a return on equity of 13.30% and a net margin of 9.26%. During the same period in the previous year, the company posted $1.06 earnings per share. Equities research analysts expect that CNA Financial Co. will post 4.68 earnings per share for the current year.

CNA Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were issued a $0.44 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.76 annualized dividend and a dividend yield of 3.66%. CNA Financial’s payout ratio is currently 36.67%.

Insider Activity at CNA Financial

In other CNA Financial news, EVP Douglas Worman sold 22,973 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $48.75, for a total value of $1,119,933.75. Following the completion of the transaction, the executive vice president now directly owns 133,777 shares in the company, valued at approximately $6,521,628.75. The trade was a 14.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.30% of the stock is currently owned by corporate insiders.

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.