Versor Investments LP Takes Position in CNA Financial Corporation $CNA

Versor Investments LP bought a new position in shares of CNA Financial Corporation (NYSE:CNA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,710 shares of the insurance provider’s stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CNA. Nisa Investment Advisors LLC lifted its holdings in shares of CNA Financial by 57.4% in the first quarter. Nisa Investment Advisors LLC now owns 38,120 shares of the insurance provider’s stock valued at $1,936,000 after buying an additional 13,900 shares during the period. Vanguard Group Inc. grew its holdings in CNA Financial by 2.0% during the first quarter. Vanguard Group Inc. now owns 556,695 shares of the insurance provider’s stock worth $28,275,000 after acquiring an additional 11,019 shares during the period. Jump Financial LLC bought a new stake in CNA Financial in the first quarter worth about $911,000. GSA Capital Partners LLP lifted its holdings in CNA Financial by 53.3% in the 1st quarter. GSA Capital Partners LLP now owns 27,132 shares of the insurance provider’s stock valued at $1,378,000 after acquiring an additional 9,430 shares during the last quarter. Finally, HB Wealth Management LLC lifted its holdings in CNA Financial by 104.3% in the 2nd quarter. HB Wealth Management LLC now owns 10,701 shares of the insurance provider’s stock valued at $498,000 after acquiring an additional 5,464 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

CNA Financial Stock Performance

CNA Financial stock opened at $44.23 on Friday. CNA Financial Corporation has a fifty-two week low of $43.29 and a fifty-two week high of $51.42. The firm’s 50 day simple moving average is $46.30 and its 200-day simple moving average is $46.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market cap of $11.97 billion, a P/E ratio of 13.78, a price-to-earnings-growth ratio of 3.86 and a beta of 0.50.

CNA Financial (NYSE:CNA) last posted its quarterly earnings data on Monday, November 3rd. The insurance provider reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.25. CNA Financial had a net margin of 5.99% and a return on equity of 11.85%. The firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same quarter last year, the business posted $1.08 EPS. As a group, equities research analysts predict that CNA Financial Corporation will post 4.64 EPS for the current year.

CNA Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Monday, November 17th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Monday, November 17th. CNA Financial’s payout ratio is presently 50.41%.

Insider Activity

In other CNA Financial news, CFO Scott R. Lindquist sold 8,380 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $48.98, for a total transaction of $410,452.40. Following the completion of the sale, the chief financial officer directly owned 81,487 shares in the company, valued at approximately $3,991,233.26. This trade represents a 9.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Dino Robusto sold 6,250 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $45.28, for a total value of $283,000.00. Following the completion of the transaction, the chairman owned 674,338 shares in the company, valued at $30,534,024.64. This represents a 0.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 37,130 shares of company stock valued at $1,776,865. Company insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Zacks Research upgraded shares of CNA Financial from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Weiss Ratings upgraded shares of CNA Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $53.00.

CNA Financial 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.