AE Wealth Management LLC purchased a new stake in shares of CNA Financial Co. (NYSE:CNA – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 91,930 shares of the insurance provider’s stock, valued at approximately $3,550,000.
Several other institutional investors have also recently bought and sold shares of the business. Advisor Group Holdings Inc. increased its position in shares of CNA Financial by 52.4% during the first quarter. Advisor Group Holdings Inc. now owns 8,517 shares of the insurance provider’s stock worth $414,000 after acquiring an additional 2,928 shares in the last quarter. Bank of Montreal Can bought a new stake in CNA Financial during the 1st quarter worth approximately $215,000. MetLife Investment Management LLC purchased a new stake in shares of CNA Financial in the first quarter worth approximately $27,000. Rhumbline Advisers lifted its holdings in shares of CNA Financial by 5.7% in the first quarter. Rhumbline Advisers now owns 22,748 shares of the insurance provider’s stock valued at $1,106,000 after purchasing an additional 1,233 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of CNA Financial by 8.7% during the first quarter. BlackRock Inc. now owns 1,150,456 shares of the insurance provider’s stock valued at $55,935,000 after buying an additional 92,007 shares during the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on CNA shares. StockNews.com began coverage on shares of CNA Financial in a report on Thursday, August 17th. They set a “buy” rating on the stock. Keefe, Bruyette & Woods downgraded CNA Financial from an “outperform” rating to a “market perform” rating in a research note on Monday, July 10th.
Insider Activity at CNA Financial
In other CNA Financial news, major shareholder Corp Loews bought 4,456,050 shares of CNA Financial stock in a transaction dated Wednesday, August 2nd. The stock was purchased at an average price of $39.29 per share, for a total transaction of $175,078,204.50. Following the completion of the purchase, the insider now directly owns 248,414,738 shares of the company’s stock, valued at $9,760,215,056.02. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.30% of the stock is currently owned by company insiders.
CNA Financial Stock Down 0.7 %
Shares of NYSE:CNA opened at $40.37 on Friday. CNA Financial Co. has a 1 year low of $35.90 and a 1 year high of $45.42. The company has a market capitalization of $10.93 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 1.86 and a beta of 0.65. The business has a fifty day moving average price of $39.63 and a two-hundred day moving average price of $39.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.27 and a quick ratio of 0.27.
CNA Financial (NYSE:CNA – Get Free Report) last posted its quarterly earnings data on Monday, July 31st. The insurance provider reported $1.13 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.01). CNA Financial had a net margin of 7.63% and a return on equity of 13.06%. The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter in the previous year, the company posted $0.90 EPS. Analysts forecast that CNA Financial Co. will post 4.33 earnings per share for the current year.
CNA Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Monday, August 14th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend was Friday, August 11th. CNA Financial’s dividend payout ratio (DPR) is currently 47.86%.
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.
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