Victory Capital Management Inc. Boosts Position in CNA Financial (CNA)

Victory Capital Management Inc. increased its position in shares of CNA Financial (NYSE:CNA) by 18.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 239,651 shares of the insurance provider’s stock after buying an additional 38,070 shares during the quarter. Victory Capital Management Inc. owned about 0.09% of CNA Financial worth $11,827,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CNA. Schwab Charles Investment Management Inc. raised its stake in CNA Financial by 26.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 287,734 shares of the insurance provider’s stock worth $15,265,000 after buying an additional 60,574 shares during the period. First Quadrant L P CA raised its stake in CNA Financial by 45.8% during the 4th quarter. First Quadrant L P CA now owns 285,400 shares of the insurance provider’s stock worth $15,140,000 after buying an additional 89,663 shares during the period. Denali Advisors LLC raised its stake in CNA Financial by 23.7% during the 4th quarter. Denali Advisors LLC now owns 219,900 shares of the insurance provider’s stock worth $11,666,000 after buying an additional 42,200 shares during the period. Assenagon Asset Management S.A. acquired a new position in CNA Financial during the 4th quarter worth approximately $3,617,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in CNA Financial by 9.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,238,042 shares of the insurance provider’s stock worth $65,681,000 after buying an additional 111,646 shares during the period. 99.33% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on the company. ValuEngine downgraded CNA Financial from a “buy” rating to a “hold” rating in a research note on Monday, May 14th. Zacks Investment Research downgraded CNA Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, April 17th.

Shares of CNA Financial opened at $49.27 on Tuesday, MarketBeat reports. The company has a market capitalization of $13.37 billion, a PE ratio of 14.58, a P/E/G ratio of 2.37 and a beta of 1.20. CNA Financial has a 52 week low of $43.99 and a 52 week high of $55.62. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.23 and a quick ratio of 0.23.

CNA Financial (NYSE:CNA) last issued its quarterly earnings data on Monday, April 30th. The insurance provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.91 by $0.16. The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.38 billion. CNA Financial had a return on equity of 8.06% and a net margin of 9.54%. During the same period in the prior year, the business posted $0.87 earnings per share. equities research analysts predict that CNA Financial will post 4.17 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 30th. Stockholders of record on Monday, May 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Friday, May 11th. CNA Financial’s dividend payout ratio (DPR) is presently 35.50%.

In other news, EVP Douglas Worman sold 11,396 shares of the company’s stock in a transaction that occurred on Thursday, May 3rd. The stock was sold at an average price of $47.66, for a total value of $543,133.36. Following the completion of the transaction, the executive vice president now directly owns 17,273 shares of the company’s stock, valued at $823,231.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Scott L. Weber sold 1,486 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $49.83, for a total value of $74,047.38. Following the completion of the transaction, the executive vice president now directly owns 2,382 shares of the company’s stock, valued at $118,695.06. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

CNA Financial Company Profile

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company's property insurance products include property, marine, boiler, and machinery coverages; and casualty insurance products comprise workers compensation, general and product liability, commercial auto, and umbrella coverages.

Institutional Ownership by Quarter for CNA Financial (NYSE:CNA)

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