Mraz Amerine & Associates Inc. Trims Stock Position in CNA Financial Corporation $CNA

Mraz Amerine & Associates Inc. cut its holdings in CNA Financial Corporation (NYSE:CNA) by 14.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,319 shares of the insurance provider’s stock after selling 1,422 shares during the period. Mraz Amerine & Associates Inc.’s holdings in CNA Financial were worth $387,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC lifted its stake in shares of CNA Financial by 56.4% in the 1st quarter. Hexagon Capital Partners LLC now owns 624 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 225 shares during the last quarter. GAMMA Investing LLC lifted its position in CNA Financial by 10.3% in the first quarter. GAMMA Investing LLC now owns 2,262 shares of the insurance provider’s stock valued at $115,000 after buying an additional 211 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new position in CNA Financial in the first quarter valued at about $158,000. Signaturefd LLC boosted its stake in CNA Financial by 7.7% during the second quarter. Signaturefd LLC now owns 3,680 shares of the insurance provider’s stock worth $171,000 after buying an additional 264 shares during the period. Finally, Longboard Asset Management LP acquired a new stake in shares of CNA Financial during the first quarter valued at about $207,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

CNA Financial Stock Up 0.8%

Shares of NYSE:CNA opened at $46.75 on Tuesday. The firm has a market capitalization of $12.65 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 4.13 and a beta of 0.50. CNA Financial Corporation has a 1 year low of $43.29 and a 1 year high of $51.42. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.27 and a quick ratio of 0.27. The firm’s 50-day moving average is $47.17 and its two-hundred day moving average is $47.04.

CNA Financial (NYSE:CNA) last announced its quarterly earnings data on Monday, August 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.29. CNA Financial had a net margin of 5.99% and a return on equity of 11.85%. The firm had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the previous year, the business posted $1.19 earnings per share. Analysts predict that CNA Financial Corporation will post 4.64 EPS for the current year.

CNA Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were paid a $0.46 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.84 annualized dividend and a dividend yield of 3.9%. CNA Financial’s payout ratio is 57.32%.

Insiders Place Their Bets

In other news, Chairman Dino Robusto sold 6,250 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $46.25, for a total value of $289,062.50. Following the sale, the chairman directly owned 680,588 shares in the company, valued at approximately $31,477,195. This trade represents a 0.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Scott R. Lindquist sold 8,380 shares of CNA Financial stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $48.98, for a total value of $410,452.40. Following the completion of the transaction, the chief financial officer owned 81,487 shares of the company’s stock, valued at approximately $3,991,233.26. This trade represents a 9.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,880 shares of company stock worth $1,493,865 in the last ninety days. Corporate insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of CNA Financial in a report on Saturday, September 27th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, CNA Financial currently has a consensus rating of “Reduce” and a consensus target price of $50.50.

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.