Perigon Wealth Management LLC purchased a new position in CNA Financial Corporation (NYSE:CNA – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 29,176 shares of the insurance provider’s stock, valued at approximately $1,418,000.
Several other institutional investors also recently modified their holdings of CNA. Amundi increased its holdings in CNA Financial by 5.3% in the 1st quarter. Amundi now owns 7,787 shares of the insurance provider’s stock worth $395,000 after buying an additional 389 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in CNA Financial by 0.7% during the first quarter. Goldman Sachs Group Inc. now owns 351,997 shares of the insurance provider’s stock valued at $17,878,000 after purchasing an additional 2,466 shares during the period. Empowered Funds LLC boosted its holdings in CNA Financial by 12.9% in the first quarter. Empowered Funds LLC now owns 5,966 shares of the insurance provider’s stock worth $303,000 after purchasing an additional 684 shares during the last quarter. Focus Partners Wealth purchased a new stake in CNA Financial in the first quarter worth approximately $281,000. Finally, Quantbot Technologies LP purchased a new stake in CNA Financial in the second quarter worth approximately $55,000. 98.45% of the stock is owned by hedge funds and other institutional investors.
CNA Financial Stock Up 0.7%
Shares of CNA stock opened at $50.35 on Wednesday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27. CNA Financial Corporation has a 12 month low of $41.53 and a 12 month high of $55.71. The stock has a market cap of $13.62 billion, a P/E ratio of 11.07, a P/E/G ratio of 6.89 and a beta of 0.28. The company has a 50 day simple moving average of $50.21 and a two-hundred day simple moving average of $47.76.
CNA Financial Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Monday, August 17th will be given a dividend of $0.48 per share. The ex-dividend date is Monday, August 17th. This represents a $1.92 annualized dividend and a yield of 3.8%. CNA Financial’s payout ratio is 42.20%.
Insider Activity
In other CNA Financial news, EVP Mark Steven James sold 8,273 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $53.15, for a total transaction of $439,709.95. Following the completion of the sale, the executive vice president owned 26,446 shares of the company’s stock, valued at approximately $1,405,604.90. The trade was a 23.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Daniel Paul Franzetti sold 22,656 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $53.09, for a total value of $1,202,807.04. Following the completion of the sale, the chief accounting officer owned 68,032 shares of the company’s stock, valued at approximately $3,611,818.88. The trade was a 24.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.29% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the stock. Zacks Research upgraded shares of CNA Financial from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 16th. Weiss Ratings raised CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, CNA Financial currently has an average rating of “Moderate Buy”.
Read Our Latest Research Report on CNA Financial
CNA Financial Company Profile
CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.
Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.
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