AlphaQuest LLC Has $1.27 Million Holdings in CNA Financial Corporation $CNA

AlphaQuest LLC cut its holdings in CNA Financial Corporation (NYSE:CNA) by 53.9% in the second quarter, HoldingsChannel reports. The firm owned 27,279 shares of the insurance provider’s stock after selling 31,904 shares during the period. AlphaQuest LLC’s holdings in CNA Financial were worth $1,269,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CNA. GAMMA Investing LLC increased its holdings in shares of CNA Financial by 10.3% during the 1st quarter. GAMMA Investing LLC now owns 2,262 shares of the insurance provider’s stock valued at $115,000 after acquiring an additional 211 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in CNA Financial by 37.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 27,934 shares of the insurance provider’s stock worth $1,419,000 after purchasing an additional 7,665 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in CNA Financial during the first quarter valued at approximately $887,000. Convergence Financial LLC bought a new position in shares of CNA Financial in the first quarter valued at approximately $269,000. Finally, Wealthstar Advisors LLC lifted its stake in shares of CNA Financial by 29.8% in the first quarter. Wealthstar Advisors LLC now owns 11,294 shares of the insurance provider’s stock worth $574,000 after buying an additional 2,594 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CNA has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of CNA Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Zacks Research raised CNA Financial from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $53.00.

CNA Financial Stock Performance

NYSE:CNA opened at $45.43 on Friday. The firm’s 50-day moving average is $47.08 and its 200-day moving average is $46.76. The company has a market cap of $12.30 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 3.98 and a beta of 0.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.27 and a current ratio of 0.27. CNA Financial Corporation has a 52-week low of $43.29 and a 52-week high of $51.42.

CNA Financial (NYSE:CNA) last released its earnings results on Monday, August 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.29. CNA Financial had a return on equity of 11.85% and a net margin of 5.99%.The business had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period last year, the business earned $1.19 earnings per share. Equities research analysts anticipate that CNA Financial Corporation will post 4.64 earnings per share for the current year.

CNA Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, August 18th. CNA Financial’s dividend payout ratio is presently 57.32%.

Insider Buying and Selling at CNA Financial

In other news, Chairman Dino Robusto sold 6,250 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $46.25, for a total transaction of $289,062.50. Following the completion of the transaction, the chairman directly owned 680,588 shares of the company’s stock, valued at approximately $31,477,195. This trade represents a 0.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Scott R. Lindquist sold 10,000 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $48.81, for a total transaction of $488,100.00. Following the completion of the sale, the chief financial officer directly owned 89,867 shares in the company, valued at approximately $4,386,408.27. The trade was a 10.01% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,880 shares of company stock valued at $1,493,865. 0.30% of the stock is owned by company insiders.

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.