5,406 Shares in CNA Financial Co. (NYSE:CNA) Acquired by Teza Capital Management LLC

Teza Capital Management LLC bought a new stake in shares of CNA Financial Co. (NYSE:CNA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,406 shares of the insurance provider’s stock, valued at approximately $261,000.

A number of other institutional investors and hedge funds have also modified their holdings of CNA. AQR Capital Management LLC boosted its holdings in CNA Financial by 41.4% in the fourth quarter. AQR Capital Management LLC now owns 1,939,336 shares of the insurance provider’s stock worth $93,806,000 after purchasing an additional 567,926 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of CNA Financial by 20.1% during the 4th quarter. First Trust Advisors LP now owns 1,486,853 shares of the insurance provider’s stock valued at $71,919,000 after buying an additional 249,346 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of CNA Financial by 66.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,177,110 shares of the insurance provider’s stock worth $56,937,000 after buying an additional 468,058 shares during the last quarter. CORDA Investment Management LLC. boosted its stake in shares of CNA Financial by 1.8% in the 4th quarter. CORDA Investment Management LLC. now owns 661,532 shares of the insurance provider’s stock worth $31,998,000 after buying an additional 11,597 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of CNA Financial by 36.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 363,389 shares of the insurance provider’s stock worth $17,577,000 after acquiring an additional 97,180 shares during the period. Institutional investors own 98.45% of the company’s stock.

CNA Financial Price Performance

NYSE:CNA opened at $48.19 on Wednesday. The business’s 50-day moving average is $48.48 and its 200 day moving average is $48.61. CNA Financial Co. has a 12 month low of $42.85 and a 12 month high of $52.36. The company has a market capitalization of $13.04 billion, a P/E ratio of 13.69, a P/E/G ratio of 9.23 and a beta of 0.53. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28.

CNA Financial (NYSE:CNA) last issued its quarterly earnings data on Monday, May 5th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.13). The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.68 billion. CNA Financial had a return on equity of 12.90% and a net margin of 6.72%. During the same period last year, the company earned $1.30 earnings per share. On average, equities research analysts forecast that CNA Financial Co. will post 4.64 earnings per share for the current fiscal year.

CNA Financial Dividend Announcement

The firm 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 dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend is Monday, May 19th. CNA Financial’s payout ratio is 56.10%.

Insider Buying and Selling at CNA Financial

In other CNA Financial news, CAO Daniel Paul Franzetti sold 12,991 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $49.06, for a total value of $637,338.46. Following the transaction, the chief accounting officer now directly owns 75,612 shares in the company, valued at $3,709,524.72. This represents a 14.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Dino Robusto sold 6,250 shares of CNA Financial stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $48.86, for a total transaction of $305,375.00. Following the sale, the chairman now directly owns 720,442 shares of the company’s stock, valued at $35,200,796.12. This represents a 0.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,741 shares of company stock worth $1,559,401 over the last 90 days. 0.30% of the stock is owned by insiders.

Analyst Ratings Changes

CNA has been the topic of several analyst reports. StockNews.com downgraded CNA Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Keefe, Bruyette & Woods lowered their price objective on CNA Financial from $54.00 to $53.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 12th.

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.