Russell Investments Group Ltd. increased its holdings in shares of CNA Financial Co. (NYSE:CNA – Free Report) by 235.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,854 shares of the insurance provider’s stock after acquiring an additional 37,115 shares during the period. Russell Investments Group Ltd.’s holdings in CNA Financial were worth $2,063,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in shares of CNA Financial by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 823,340 shares of the insurance provider’s stock worth $34,810,000 after purchasing an additional 5,046 shares during the period. Machina Capital S.A.S. purchased a new position in CNA Financial in the first quarter valued at about $77,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of CNA Financial during the 4th quarter valued at approximately $1,653,000. Duality Advisers LP purchased a new stake in shares of CNA Financial during the 4th quarter worth approximately $401,000. Finally, River Road Asset Management LLC grew its holdings in shares of CNA Financial by 0.6% in the 1st quarter. River Road Asset Management LLC now owns 1,032,426 shares of the insurance provider’s stock worth $40,296,000 after acquiring an additional 5,778 shares during the period. Hedge funds and other institutional investors own 98.31% of the company’s stock.
CNA Financial Price Performance
CNA stock opened at $39.15 on Friday. The stock’s 50 day moving average price is $39.35 and its 200 day moving average price is $39.72. The firm has a market cap of $10.60 billion, a P/E ratio of 11.15, a PEG ratio of 1.80 and a beta of 0.65. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 0.27. CNA Financial Co. has a 1 year low of $35.90 and a 1 year high of $45.42.
CNA Financial (NYSE:CNA – Get Free Report) last issued its quarterly earnings data on Monday, July 31st. The insurance provider reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.01). The company had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $2.80 billion. CNA Financial had a net margin of 7.63% and a return on equity of 13.06%. During the same quarter in the prior year, the company earned $0.90 earnings per share. On average, sell-side analysts expect that CNA Financial Co. will post 4.33 earnings per share for the current fiscal year.
CNA Financial Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Monday, August 14th will be issued a dividend of $0.42 per share. The ex-dividend date is Friday, August 11th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.29%. CNA Financial’s dividend payout ratio (DPR) is presently 47.86%.
Analyst Ratings Changes
Several equities analysts recently issued reports on CNA shares. StockNews.com initiated coverage on CNA Financial in a report on Thursday, August 17th. They set a “buy” rating for the company. Bank of America raised CNA Financial from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $40.00 to $41.00 in a research note on Wednesday, May 3rd. Finally, Keefe, Bruyette & Woods downgraded shares of CNA Financial from an “outperform” rating to a “market perform” rating in a report on Monday, July 10th.
View Our Latest Report on CNA Financial
Insider Activity
In other news, major shareholder Corp Loews bought 4,456,050 shares of the stock in a transaction on Wednesday, August 2nd. The stock was purchased at an average cost of $39.29 per share, with a total value of $175,078,204.50. Following the purchase, the insider now owns 248,414,738 shares of the company’s stock, valued at $9,760,215,056.02. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.30% of the company’s stock.
CNA Financial Company 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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider CNA Financial, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and CNA Financial wasn’t on the list.
While CNA Financial currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Which stocks are major institutional investors including hedge funds and endowments buying in today’s market? Click the link below and we’ll send you MarketBeat’s list of thirteen stocks that institutional investors are buying up as quickly as they can.
