CNA Financial Co. (NYSE:CNA) Shares Sold by Versor Investments LP

Versor Investments LP lessened its position in shares of CNA Financial Co. (NYSE:CNA) by 26.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,243 shares of the insurance provider’s stock after selling 5,800 shares during the quarter. Versor Investments LP’s holdings in CNA Financial were worth $795,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of CNA. New York State Common Retirement Fund raised its position in CNA Financial by 366.7% during the 3rd quarter. New York State Common Retirement Fund now owns 1,401,539 shares of the insurance provider’s stock worth $68,591,000 after buying an additional 1,101,217 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of CNA Financial by 97.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,152,528 shares of the insurance provider’s stock worth $51,760,000 after purchasing an additional 570,172 shares during the period. Rhumbline Advisers increased its holdings in shares of CNA Financial by 570.6% during the 2nd quarter. Rhumbline Advisers now owns 529,862 shares of the insurance provider’s stock valued at $24,411,000 after purchasing an additional 450,843 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of CNA Financial by 45.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,068,956 shares of the insurance provider’s stock valued at $49,247,000 after purchasing an additional 334,463 shares during the period. Finally, American Century Companies Inc. boosted its holdings in CNA Financial by 786.5% during the second quarter. American Century Companies Inc. now owns 153,669 shares of the insurance provider’s stock worth $7,080,000 after buying an additional 136,334 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

CNA Financial Stock Performance

CNA opened at $48.33 on Wednesday. The company has a market cap of $13.09 billion, a price-to-earnings ratio of 10.07, a PEG ratio of 6.35 and a beta of 0.65. The firm’s fifty day simple moving average is $49.22 and its two-hundred day simple moving average is $47.51. The company has a quick ratio of 0.27, a current ratio of 0.26 and a debt-to-equity ratio of 0.28. CNA Financial Co. has a 52-week low of $38.87 and a 52-week high of $52.36.

CNA Financial (NYSE:CNA) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.01. CNA Financial had a return on equity of 13.30% and a net margin of 9.26%. The company had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same period in the previous year, the firm posted $1.06 EPS. Equities analysts anticipate that CNA Financial Co. will post 4.65 earnings per share for the current fiscal year.

CNA Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.64%. The ex-dividend date is Monday, November 18th. CNA Financial’s dividend payout ratio is currently 36.67%.

Insider Buying and Selling at CNA Financial

In other news, EVP Mark Steven James sold 18,547 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $50.58, for a total transaction of $938,107.26. Following the completion of the sale, the executive vice president now owns 22,917 shares of the company’s stock, valued at $1,159,141.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Mark Steven James sold 18,547 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $50.58, for a total value of $938,107.26. Following the completion of the sale, the executive vice president now directly owns 22,917 shares in the company, valued at $1,159,141.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Douglas Worman sold 22,973 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $48.75, for a total value of $1,119,933.75. Following the completion of the sale, the executive vice president now directly owns 133,777 shares of the company’s stock, valued at approximately $6,521,628.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,680 shares of company stock worth $3,355,577. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Bank of America upped their price objective on shares of CNA Financial from $45.00 to $48.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods upped their price target on CNA Financial from $54.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, November 8th. Finally, StockNews.com raised CNA Financial from a “hold” rating to a “buy” rating in a report on Wednesday.

CNA Financial Company 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.