Two Sigma Investments LP Grows Stock Holdings in CNA Financial Co. (NYSE:CNA)

Two Sigma Investments LP boosted its holdings in shares of CNA Financial Co. (NYSE:CNA) by 13.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 153,961 shares of the insurance provider’s stock after purchasing an additional 18,636 shares during the quarter. Two Sigma Investments LP’s holdings in CNA Financial were worth $7,447,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Savant Capital LLC increased its position in CNA Financial by 2.6% during the fourth quarter. Savant Capital LLC now owns 9,139 shares of the insurance provider’s stock valued at $442,000 after acquiring an additional 230 shares during the last quarter. US Bancorp DE lifted its position in shares of CNA Financial by 7.4% during the fourth quarter. US Bancorp DE now owns 3,703 shares of the insurance provider’s stock valued at $179,000 after buying an additional 254 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of CNA Financial by 29.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,265 shares of the insurance provider’s stock valued at $61,000 after buying an additional 286 shares during the last quarter. Tidal Investments LLC lifted its position in shares of CNA Financial by 2.1% during the fourth quarter. Tidal Investments LLC now owns 15,289 shares of the insurance provider’s stock valued at $740,000 after buying an additional 315 shares during the last quarter. Finally, Commerce Bank lifted its position in shares of CNA Financial by 2.6% during the fourth quarter. Commerce Bank now owns 12,856 shares of the insurance provider’s stock valued at $622,000 after buying an additional 320 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on CNA shares. Keefe, Bruyette & Woods decreased their price objective on shares of CNA Financial from $54.00 to $53.00 and set a “market perform” rating for the company in a research report on Wednesday, February 12th. Wall Street Zen downgraded shares of CNA Financial from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th.

Insider Activity at CNA Financial

In related news, Chairman Dino Robusto sold 6,250 shares of the business’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $47.61, for a total value of $297,562.50. Following the sale, the chairman now directly owns 711,838 shares in the company, valued at approximately $33,890,607.18. The trade was a 0.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark Steven James sold 5,015 shares of the business’s stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $48.35, for a total transaction of $242,475.25. Following the completion of the sale, the executive vice president now owns 27,059 shares in the company, valued at approximately $1,308,302.65. This trade represents a 15.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,756 shares of company stock valued at $1,801,876. 0.30% of the stock is owned by company insiders.

CNA Financial Price Performance

CNA Financial stock opened at $46.94 on Monday. The company’s fifty day moving average price is $48.36 and its 200 day moving average price is $48.59. CNA Financial Co. has a 1 year low of $42.85 and a 1 year high of $52.36. The stock has a market capitalization of $12.70 billion, a P/E ratio of 13.34, a P/E/G ratio of 9.23 and a beta of 0.53. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.28.

CNA Financial (NYSE:CNA) last released its quarterly earnings results on Monday, May 5th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.13). CNA Financial had a net margin of 6.72% and a return on equity of 12.90%. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.68 billion. During the same period in the prior year, the business posted $1.30 EPS. As a group, equities research analysts anticipate that CNA Financial Co. will post 4.64 earnings per share for the current fiscal year.

CNA Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be paid a $0.46 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.84 dividend on an annualized basis and a yield of 3.92%. CNA Financial’s dividend payout ratio is currently 56.10%.

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.