Greenleaf Trust acquired a new stake in shares of CNA Financial Corporation (NYSE:CNA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,703 shares of the insurance provider’s stock, valued at approximately $278,000.
Other large investors have also modified their holdings of the company. State Street Corp boosted its stake in CNA Financial Corporation by 5.3% in the fourth quarter. State Street Corp now owns 313,844 shares of the insurance provider’s stock valued at $13,029,000 after buying an additional 15,814 shares during the last quarter. Norges Bank purchased a new stake in CNA Financial Corporation during the fourth quarter valued at about $29,667,000. USA Financial Portformulas Corp purchased a new stake in CNA Financial Corporation during the fourth quarter valued at about $424,000. Denali Advisors LLC raised its position in shares of CNA Financial Corporation by 12.9% in the first quarter. Denali Advisors LLC now owns 181,500 shares of the insurance provider’s stock valued at $8,017,000 after buying an additional 20,700 shares during the period. Finally, Bank of Montreal Can raised its position in shares of CNA Financial Corporation by 144.6% in the first quarter. Bank of Montreal Can now owns 38,989 shares of the insurance provider’s stock valued at $1,722,000 after buying an additional 23,046 shares during the period. Institutional investors and hedge funds own 99.55% of the company’s stock.
Shares of CNA Financial Corporation (CNA) traded up 0.51% during trading on Tuesday, hitting $53.44. 87,687 shares of the stock were exchanged. The company has a market cap of $14.48 billion, a price-to-earnings ratio of 13.01 and a beta of 1.23. CNA Financial Corporation has a 12-month low of $32.03 and a 12-month high of $53.67. The firm has a 50 day moving average of $48.97 and a 200-day moving average of $45.19.
CNA Financial Corporation (NYSE:CNA) last released its earnings results on Monday, July 31st. The insurance provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.35 billion. CNA Financial Corporation had a return on equity of 8.40% and a net margin of 11.72%. During the same quarter in the previous year, the company posted $0.77 earnings per share. On average, analysts forecast that CNA Financial Corporation will post $3.44 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.26%. This is a boost from CNA Financial Corporation’s previous quarterly dividend of $0.25. The ex-dividend date is Thursday, August 10th. CNA Financial Corporation’s payout ratio is presently 24.33%.
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CNA has been the subject of several recent research reports. Zacks Investment Research raised shares of CNA Financial Corporation from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Monday, June 5th. Deutsche Bank AG downgraded shares of CNA Financial Corporation from a “buy” rating to a “hold” rating and lifted their price target for the stock from $45.00 to $46.00 in a research note on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $47.00.
About CNA Financial Corporation
CNA Financial Corporation is an insurance holding company. The Company’s segments include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. Its Specialty segment provides a range of professional, financial, and specialty property, and casualty products and services.
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