Parallel Advisors LLC Acquires 1,130 Shares of CNA Financial Co. (NYSE:CNA)

Parallel Advisors LLC grew its holdings in shares of CNA Financial Co. (NYSE:CNA) by 20.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,703 shares of the insurance provider’s stock after buying an additional 1,130 shares during the quarter. Parallel Advisors LLC’s holdings in CNA Financial were worth $309,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in CNA Financial by 28.5% during the 1st quarter. GAMMA Investing LLC now owns 1,144 shares of the insurance provider’s stock valued at $52,000 after purchasing an additional 254 shares during the last quarter. Abich Financial Wealth Management LLC boosted 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 valued at $80,000 after buying an additional 494 shares during the last quarter. Covestor Ltd grew its holdings in 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 buying an additional 888 shares in the last quarter. Whittier Trust Co. purchased a new stake in CNA Financial in the 2nd quarter valued at $92,000. Finally, Blue Trust Inc. bought a new position in CNA Financial during the 2nd quarter valued at $94,000. 98.45% of the stock is owned by institutional investors.

Insider Activity at CNA Financial

In other CNA Financial news, EVP Mark Steven James sold 18,547 shares of CNA Financial stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $50.58, for a total value of $938,107.26. Following the sale, the executive vice president now owns 22,917 shares of the company’s stock, valued at $1,159,141.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other CNA Financial news, 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 completion of the sale, the executive vice president now directly owns 22,917 shares of the company’s stock, valued at $1,159,141.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the business’s stock in a transaction on 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 completion of the sale, the executive vice president now owns 47,744 shares in the company, valued at $2,368,102.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,151 shares of company stock worth $2,449,311. 0.30% of the stock is owned by company insiders.

CNA Financial Price Performance

CNA Financial stock opened at $50.07 on Thursday. CNA Financial Co. has a 52 week low of $37.95 and a 52 week high of $52.36. The company’s 50 day moving average price is $49.38 and its two-hundred day moving average price is $46.15. The stock has a market cap of $13.58 billion, a P/E ratio of 10.93, a P/E/G ratio of 3.37 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 EPS for the quarter, hitting analysts’ consensus estimates of $1.19. The business had revenue of $3.52 billion for 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 period last year, the company posted $1.13 earnings per share. On average, equities analysts predict that CNA Financial Co. will post 4.86 earnings per share for the current year.

CNA Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Monday, August 12th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date was Monday, August 12th. CNA Financial’s dividend payout ratio (DPR) is currently 38.43%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lifted their price objective on shares of 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 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.