Arkadios Wealth Advisors Invests $629,000 in CNA Financial Corporation $CNA

Arkadios Wealth Advisors purchased a new position in CNA Financial Corporation (NYSE:CNA) during the second quarter, Holdings Channel reports. The fund purchased 13,522 shares of the insurance provider’s stock, valued at approximately $629,000.

Other institutional investors have also recently made changes to their positions in the company. Hexagon Capital Partners LLC increased its holdings 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 worth $32,000 after buying an additional 225 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of CNA Financial by 240.3% in the 2nd quarter. IFP Advisors Inc now owns 878 shares of the insurance provider’s stock worth $41,000 after buying an additional 620 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of CNA Financial by 10.3% in the 1st quarter. GAMMA Investing LLC now owns 2,262 shares of the insurance provider’s stock worth $115,000 after buying an additional 211 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in shares of CNA Financial in the 1st quarter worth $158,000. Finally, Signaturefd LLC increased its holdings in shares of CNA Financial by 7.7% in the 2nd 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 last quarter. Institutional investors own 98.45% of the company’s stock.

CNA Financial Price Performance

Shares of CNA Financial stock opened at $44.07 on Tuesday. CNA Financial Corporation has a 52-week low of $43.29 and a 52-week high of $51.42. The stock has a market capitalization of $11.93 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 3.86 and a beta of 0.50. The company has a fifty day moving average of $46.58 and a 200-day moving average of $46.59. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.27 and a current ratio of 0.27.

CNA Financial (NYSE:CNA) last announced its quarterly earnings results on Monday, November 3rd. The insurance provider reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.25. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $2.84 billion. CNA Financial had a net margin of 5.99% and a return on equity of 11.85%. During the same quarter in the prior year, the company posted $1.08 EPS. Equities research analysts expect that CNA Financial Corporation will post 4.64 EPS for the current year.

CNA Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Monday, November 17th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $1.84 annualized dividend and a yield of 4.2%. CNA Financial’s dividend payout ratio is presently 57.32%.

Insider Buying and Selling at CNA Financial

In other CNA Financial news, Chairman Dino Robusto sold 6,250 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $45.28, for a total transaction of $283,000.00. Following the completion of the sale, the chairman owned 674,338 shares of the company’s stock, valued at $30,534,024.64. This represents a 0.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Scott R. Lindquist sold 8,380 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $48.98, for a total transaction of $410,452.40. Following the sale, the chief financial officer directly owned 81,487 shares of the company’s stock, valued at $3,991,233.26. The trade was a 9.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 37,130 shares of company stock valued at $1,776,865 in the last three months. 0.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CNA has been the topic of a number of research analyst reports. Weiss Ratings raised shares of CNA Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Zacks Research raised shares of CNA Financial from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $53.00.

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.