CNA Financial Corporation (CNA) Shares Bought by AMG Funds LLC
AMG Funds LLC boosted its stake in CNA Financial Corporation (NYSE:CNA) by 1.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,504 shares of the insurance provider’s stock after purchasing an additional 170 shares during the quarter. AMG Funds LLC’s holdings in CNA Financial Corporation were worth $707,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. Blair William & Co. IL lifted its stake in CNA Financial Corporation by 1.4% in the 2nd quarter. Blair William & Co. IL now owns 6,484 shares of the insurance provider’s stock worth $316,000 after purchasing an additional 89 shares in the last quarter. Utah Retirement Systems lifted its stake in CNA Financial Corporation by 2.0% in the 2nd quarter. Utah Retirement Systems now owns 5,010 shares of the insurance provider’s stock worth $245,000 after purchasing an additional 100 shares in the last quarter. Parallel Advisors LLC lifted its stake in CNA Financial Corporation by 3.6% in the 2nd quarter. Parallel Advisors LLC now owns 3,131 shares of the insurance provider’s stock worth $163,000 after purchasing an additional 110 shares in the last quarter. Principal Financial Group Inc. lifted its stake in CNA Financial Corporation by 3.6% in the 1st quarter. Principal Financial Group Inc. now owns 6,228 shares of the insurance provider’s stock worth $275,000 after purchasing an additional 219 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in CNA Financial Corporation by 6.1% in the 1st quarter. SG Americas Securities LLC now owns 3,914 shares of the insurance provider’s stock worth $173,000 after purchasing an additional 224 shares in the last quarter. Institutional investors and hedge funds own 99.56% of the company’s stock.
Several analysts have commented on the stock. ValuEngine upgraded shares of CNA Financial Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BidaskClub cut shares of CNA Financial Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $50.00 price target on shares of CNA Financial Corporation in a research note on Thursday, August 3rd. Finally, Zacks Investment Research cut shares of CNA Financial Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $47.00.
Shares of CNA Financial Corporation (NYSE:CNA) traded up 2.49% during mid-day trading on Friday, hitting $47.42. 304,516 shares of the stock traded hands. The company has a market cap of $12.85 billion, a P/E ratio of 11.54 and a beta of 1.24. CNA Financial Corporation has a 12 month low of $32.36 and a 12 month high of $53.67. The firm has a 50 day moving average of $50.71 and a 200 day moving average of $46.84.
CNA Financial Corporation (NYSE:CNA) last posted its quarterly earnings results on Monday, July 31st. The insurance provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.35 billion. CNA Financial Corporation had a net margin of 11.72% and a return on equity of 8.40%. During the same period in the previous year, the business posted $0.77 earnings per share. Equities analysts anticipate that CNA Financial Corporation will post $3.40 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Monday, August 14th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, August 10th. This is a positive change from CNA Financial Corporation’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a yield of 2.53%. CNA Financial Corporation’s payout ratio is presently 29.20%.
In related news, CFO D Craig Mense sold 23,450 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $52.66, for a total transaction of $1,234,877.00. Following the transaction, the chief financial officer now directly owns 130,548 shares in the company, valued at $6,874,657.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.53% of the company’s stock.
About CNA Financial Corporation
CNA Financial Corporation is an insurance holding company. The Company’s segments include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. Its Specialty segment provides a range of professional, financial, and specialty property, and casualty products and services.
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