Wealth Enhancement Advisory Services LLC bought a new position in shares of Cna Financial Corp (NYSE:CNA) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 42,827 shares of the insurance provider’s stock, valued at approximately $2,054,000.
A number of other hedge funds also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio increased its stake in shares of Cna Financial by 22.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 8,399 shares of the insurance provider’s stock worth $371,000 after acquiring an additional 1,560 shares during the period. Norges Bank bought a new position in shares of Cna Financial in the 4th quarter worth about $19,891,000. Deutsche Bank AG lifted its position in shares of Cna Financial by 68.9% in the 4th quarter. Deutsche Bank AG now owns 147,084 shares of the insurance provider’s stock worth $6,491,000 after buying an additional 60,024 shares during the last quarter. Raymond James Trust N.A. bought a new position in shares of Cna Financial in the 1st quarter worth about $276,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of Cna Financial by 13.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 59,200 shares of the insurance provider’s stock worth $2,566,000 after buying an additional 7,200 shares during the last quarter. 99.27% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research downgraded shares of Cna Financial from a “hold” rating to a “sell” rating and set a $49.00 price target on the stock. in a research report on Tuesday, August 6th.
Cna Financial (NYSE:CNA) last announced its quarterly earnings data on Monday, August 5th. The insurance provider reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.06. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Cna Financial had a net margin of 8.44% and a return on equity of 7.83%. During the same quarter in the previous year, the company posted $0.99 EPS. Equities research analysts predict that Cna Financial Corp will post 4.18 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Monday, August 19th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Friday, August 16th. Cna Financial’s dividend payout ratio (DPR) is currently 45.16%.
Cna Financial Profile
CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It 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 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 standard property and casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.
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