Hudson Portfolio Management LLC acquired a new position in shares of CNA Financial Corporation (NYSE:CNA – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 39,930 shares of the insurance provider’s stock, valued at approximately $1,941,000. CNA Financial comprises approximately 1.5% of Hudson Portfolio Management LLC’s holdings, making the stock its 15th largest holding.
Several other large investors also recently added to or reduced their stakes in CNA. AQR Capital Management LLC boosted its position in shares of CNA Financial by 14.6% during the 4th quarter. AQR Capital Management LLC now owns 2,784,682 shares of the insurance provider’s stock valued at $132,941,000 after acquiring an additional 354,076 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of CNA Financial by 34.6% during the 1st quarter. First Trust Advisors LP now owns 2,101,092 shares of the insurance provider’s stock worth $96,482,000 after buying an additional 540,448 shares during the last quarter. BlackRock Inc. acquired a new stake in CNA Financial during the second quarter worth $80,193,000. Charles Schwab Investment Management Inc. raised its holdings in CNA Financial by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 890,953 shares of the insurance provider’s stock valued at $42,534,000 after buying an additional 2,348 shares during the period. Finally, UBS Group AG raised its stake in shares of CNA Financial by 25.9% in the 4th quarter. UBS Group AG now owns 867,787 shares of the insurance provider’s stock valued at $41,428,000 after acquiring an additional 178,314 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
CNA has been the topic of several research analyst reports. Zacks Research raised CNA Financial from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 16th. Weiss Ratings upgraded shares of CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.
Insider Buying and Selling
In other news, CAO Daniel Paul Franzetti sold 22,656 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $53.09, for a total transaction of $1,202,807.04. Following the completion of the transaction, the chief accounting officer directly owned 68,032 shares of the company’s stock, valued at approximately $3,611,818.88. This represents a 24.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark Steven James sold 8,273 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were 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 $1,405,604.90. This trade represents a 23.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.29% of the company’s stock.
CNA Financial Trading Down 0.8%
CNA opened at $49.08 on Friday. The business’s 50 day moving average is $50.48 and its two-hundred day moving average is $47.80. CNA Financial Corporation has a 52 week low of $41.53 and a 52 week high of $55.71. The firm has a market cap of $13.28 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 6.54 and a beta of 0.28. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.27.
CNA Financial (NYSE:CNA – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The insurance provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.11. CNA Financial had a net margin of 8.16% and a return on equity of 11.34%. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same quarter in the prior year, the business earned $1.23 EPS. On average, research analysts predict that CNA Financial Corporation will post 4.19 EPS for the current year.
CNA Financial Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Monday, August 17th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Monday, August 17th. CNA Financial’s dividend payout ratio (DPR) is 42.20%.
About CNA Financial
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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