Fairscale Capital LLC Invests $55,000 in CNA Financial Co. (NYSE:CNA)

Fairscale Capital LLC acquired a new stake in CNA Financial Co. (NYSE:CNA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,150 shares of the insurance provider’s stock, valued at approximately $55,000.

Other institutional investors have also modified their holdings of the company. Rhumbline Advisers lifted its position in CNA Financial by 570.6% during the second quarter. Rhumbline Advisers now owns 529,862 shares of the insurance provider’s stock valued at $24,411,000 after buying an additional 450,843 shares in the last quarter. Norges Bank acquired a new position in shares of CNA Financial during the 4th quarter valued at $14,296,000. Bank of New York Mellon Corp lifted its holdings in shares of CNA Financial by 45.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,068,956 shares of the insurance provider’s stock valued at $49,247,000 after acquiring an additional 334,463 shares in the last quarter. American Century Companies Inc. boosted its position in 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 during the period. Finally, Edgestream Partners L.P. raised its position in CNA Financial by 229.0% in the first quarter. Edgestream Partners L.P. now owns 113,901 shares of the insurance provider’s stock valued at $5,173,000 after purchasing an additional 79,280 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insider Buying and Selling at CNA Financial

In other news, EVP Jane Elizabeth Possell sold 4,444 shares of the firm’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 transaction of $213,667.52. Following the completion of the sale, the executive vice president now owns 30,009 shares of the company’s stock, valued at $1,442,832.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other CNA Financial news, EVP Mark Steven James sold 18,547 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 22,917 shares in the company, valued at $1,159,141.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jane Elizabeth Possell sold 4,444 shares of CNA Financial 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 completion of the transaction, the executive vice president now owns 30,009 shares of the company’s stock, valued at approximately $1,442,832.72. The disclosure for this sale can be found here. Insiders have sold a total of 49,151 shares of company stock valued at $2,449,311 in the last three months. Corporate insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upped their target price on CNA Financial from $48.00 to $53.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st.

CNA Financial Price Performance

Shares of CNA stock opened at $48.52 on Monday. The firm has a fifty day simple moving average of $49.54 and a 200-day simple moving average of $46.27. The company has a market capitalization of $13.16 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 3.37 and a beta of 0.65. CNA Financial Co. has a twelve month low of $37.95 and a twelve month high of $52.36. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.30.

CNA Financial (NYSE:CNA) last posted 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. CNA Financial had a net margin of 9.27% and a return on equity of 14.02%. The company had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same period in the prior year, the company posted $1.13 EPS. Equities research analysts anticipate that CNA Financial Co. will post 4.86 earnings per share for the current fiscal year.

CNA Financial Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.76 annualized dividend and a yield of 3.63%. CNA Financial’s dividend payout ratio is presently 38.43%.

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.