Capital Fund Management S.A. acquired a new position in shares of Cna Financial Corp (NYSE:CNA) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,300 shares of the insurance provider’s stock, valued at approximately $288,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd grew its stake in Cna Financial by 9.1% during the second quarter. Dynamic Technology Lab Private Ltd now owns 14,434 shares of the insurance provider’s stock worth $660,000 after buying an additional 1,209 shares during the period. O Shaughnessy Asset Management LLC grew its stake in Cna Financial by 20.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 7,280 shares of the insurance provider’s stock worth $332,000 after buying an additional 1,256 shares during the period. Standard Life Aberdeen plc grew its stake in Cna Financial by 17.6% during the second quarter. Standard Life Aberdeen plc now owns 9,339 shares of the insurance provider’s stock worth $426,000 after buying an additional 1,397 shares during the period. Macquarie Group Ltd. grew its stake in Cna Financial by 2.1% during the second quarter. Macquarie Group Ltd. now owns 69,000 shares of the insurance provider’s stock worth $3,152,000 after buying an additional 1,400 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its stake in Cna Financial by 17.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 11,258 shares of the insurance provider’s stock worth $514,000 after buying an additional 1,658 shares during the period. Institutional investors own 99.67% of the company’s stock.
In other news, EVP Larry A. Haefner sold 11,358 shares of the business’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $47.73, for a total transaction of $542,117.34. Following the transaction, the executive vice president now directly owns 58,007 shares of the company’s stock, valued at $2,768,674.11. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.18% of the company’s stock.
NYSE CNA opened at $45.70 on Thursday. Cna Financial Corp has a 52 week low of $41.92 and a 52 week high of $55.39. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market cap of $12.40 billion, a PE ratio of 10.78, a PEG ratio of 2.21 and a beta of 1.06.
Cna Financial (NYSE:CNA) last posted its earnings results on Monday, November 5th. The insurance provider reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.10. Cna Financial had a net margin of 11.00% and a return on equity of 9.91%. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the previous year, the company posted $0.58 earnings per share. As a group, equities research analysts anticipate that Cna Financial Corp will post 4.14 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 5th. Stockholders of record on Monday, November 19th were given a dividend of $0.35 per share. The ex-dividend date was Friday, November 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.06%. Cna Financial’s payout ratio is currently 41.42%.
Separately, Zacks Investment Research upgraded shares of Cna Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th.
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About Cna Financial
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.
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