Sei Investments Co. Makes New Investment in CNA Financial Co. (NYSE:CNA)

Sei Investments Co. bought a new stake in CNA Financial Co. (NYSE:CNA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 15,707 shares of the insurance provider’s stock, valued at approximately $724,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CNA. Bank of New York Mellon Corp raised its position in CNA Financial by 45.5% in the second 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 purchasing an additional 334,463 shares during the period. Vanguard Group Inc. raised its holdings in shares of CNA Financial by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 706,279 shares of the insurance provider’s stock valued at $32,079,000 after buying an additional 7,201 shares during the period. Rhumbline Advisers lifted its position in CNA Financial by 570.6% during the 2nd quarter. Rhumbline Advisers now owns 529,862 shares of the insurance provider’s stock worth $24,411,000 after acquiring an additional 450,843 shares in the last quarter. Alaska Permanent Fund Corp boosted its holdings in CNA Financial by 4.0% in the 1st quarter. Alaska Permanent Fund Corp now owns 156,005 shares of the insurance provider’s stock worth $7,086,000 after acquiring an additional 6,058 shares during the period. Finally, American Century Companies Inc. grew its position in CNA Financial by 786.5% in the second quarter. American Century Companies Inc. now owns 153,669 shares of the insurance provider’s stock valued at $7,080,000 after acquiring an additional 136,334 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Activity at CNA Financial

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

CNA Financial Stock Up 0.9 %

Shares of CNA Financial stock opened at $47.17 on Wednesday. CNA Financial Co. has a 1-year low of $38.32 and a 1-year high of $52.36. The company has a market capitalization of $12.80 billion, a PE ratio of 10.30, a P/E/G ratio of 3.39 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 business has a 50-day moving average of $49.64 and a 200-day moving average of $46.64.

CNA Financial (NYSE:CNA) last issued its quarterly earnings results on Monday, July 29th. The insurance provider reported $1.19 EPS for the quarter, meeting analysts’ consensus estimates of $1.19. CNA Financial had a return on equity of 14.02% and a net margin of 9.27%. The firm had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the prior year, the business posted $1.13 earnings per share. As a group, equities 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. Investors of record on Monday, August 12th were paid a $0.44 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.73%. CNA Financial’s dividend payout ratio (DPR) is presently 38.43%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods boosted their target price on shares of CNA Financial from $48.00 to $53.00 and gave the stock a “market perform” rating in a research 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.