Paragon Capital Management Ltd Acquires New Holdings in CNA Financial Co. (NYSE:CNA)

Paragon Capital Management Ltd purchased a new stake in CNA Financial Co. (NYSE:CNAFree Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,429 shares of the insurance provider’s stock, valued at approximately $201,000.

A number of other institutional investors also recently modified their holdings of CNA. Charles Schwab Investment Management Inc. grew its stake in shares of CNA Financial by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 330,976 shares of the insurance provider’s stock worth $13,024,000 after acquiring an additional 5,998 shares during the last quarter. Brandywine Global Investment Management LLC grew its stake in shares of CNA Financial by 8.4% in the third quarter. Brandywine Global Investment Management LLC now owns 214,112 shares of the insurance provider’s stock worth $8,425,000 after acquiring an additional 16,510 shares during the last quarter. Dark Forest Capital Management LP grew its stake in shares of CNA Financial by 64.9% in the third quarter. Dark Forest Capital Management LP now owns 18,499 shares of the insurance provider’s stock worth $728,000 after acquiring an additional 7,279 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of CNA Financial by 111.9% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,036 shares of the insurance provider’s stock worth $238,000 after acquiring an additional 3,188 shares during the last quarter. Finally, Personal CFO Solutions LLC boosted its stake in CNA Financial by 9.0% during the third quarter. Personal CFO Solutions LLC now owns 180,391 shares of the insurance provider’s stock worth $7,098,000 after buying an additional 14,955 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of CNA Financial from $48.00 to $50.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th. StockNews.com raised CNA Financial from a “hold” rating to a “buy” rating in a report on Thursday, May 16th.

Check Out Our Latest Report on CNA

CNA Financial Stock Down 0.6 %

Shares of CNA traded down $0.25 on Friday, hitting $44.37. The company’s stock had a trading volume of 289,179 shares, compared to its average volume of 313,326. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.31. The firm’s fifty day moving average price is $44.36 and its 200-day moving average price is $43.90. CNA Financial Co. has a fifty-two week low of $37.54 and a fifty-two week high of $47.37. The firm has a market capitalization of $12.04 billion, a price-to-earnings ratio of 9.69, a P/E/G ratio of 2.70 and a beta of 0.65.

CNA Financial (NYSE:CNAGet Free Report) last released its earnings results on Monday, May 6th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.07). The company had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $2.94 billion. CNA Financial had a return on equity of 14.27% and a net margin of 9.17%. During the same quarter in the previous year, the company posted $1.19 EPS. On average, equities research analysts expect that CNA Financial Co. will post 4.93 EPS for the current year.

CNA Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Monday, May 20th were issued a dividend of $0.44 per share. This is an increase from CNA Financial’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, May 17th. This represents a $1.76 annualized dividend and a yield of 3.97%. CNA Financial’s dividend payout ratio (DPR) is currently 38.43%.

Insider Buying and Selling at CNA Financial

In related news, CAO Daniel Paul Franzetti sold 23,301 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $44.78, for a total value of $1,043,418.78. Following the sale, the chief accounting officer now directly owns 63,996 shares of the company’s stock, valued at $2,865,740.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.30% of the company’s stock.

CNA Financial Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for CNA Financial (NYSE:CNA)

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