LSV Asset Management Sells 87,915 Shares of CNA Financial Corporation $CNA

LSV Asset Management reduced its position in CNA Financial Corporation (NYSE:CNA) by 9.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 870,392 shares of the insurance provider’s stock after selling 87,915 shares during the quarter. LSV Asset Management owned about 0.32% of CNA Financial worth $40,499,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Creative Planning lifted its stake in CNA Financial by 48.9% in the 2nd quarter. Creative Planning now owns 33,006 shares of the insurance provider’s stock worth $1,536,000 after purchasing an additional 10,843 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of CNA Financial by 70.1% in the second quarter. SG Americas Securities LLC now owns 15,749 shares of the insurance provider’s stock worth $733,000 after purchasing an additional 6,493 shares during the period. ABC Arbitrage SA raised its position in shares of CNA Financial by 184.7% in the second quarter. ABC Arbitrage SA now owns 17,528 shares of the insurance provider’s stock worth $816,000 after buying an additional 11,372 shares in the last quarter. Vise Technologies Inc. bought a new stake in CNA Financial during the second quarter valued at $396,000. Finally, Allworth Financial LP grew its position in CNA Financial by 102.3% during the second quarter. Allworth Financial LP now owns 785 shares of the insurance provider’s stock worth $37,000 after buying an additional 397 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insiders Place Their Bets

In other CNA Financial news, CFO Scott R. Lindquist sold 10,000 shares of CNA Financial stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $48.81, for a total transaction of $488,100.00. Following the completion of the transaction, the chief financial officer owned 89,867 shares in the company, valued at approximately $4,386,408.27. The trade was a 10.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Dino Robusto sold 6,250 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $45.28, for a total value of $283,000.00. Following the completion of the sale, the chairman directly owned 674,338 shares in the company, valued at approximately $30,534,024.64. This represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 37,130 shares of company stock valued at $1,776,865 in the last quarter. 0.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CNA shares. Wall Street Zen upgraded CNA Financial from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of CNA Financial in a research report on Thursday, November 13th. Finally, Zacks Research raised shares of CNA Financial from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.00.

CNA Financial Stock Up 1.1%

Shares of CNA Financial stock opened at $46.29 on Wednesday. CNA Financial Corporation has a 12-month low of $43.29 and a 12-month high of $51.42. The company has a market cap of $12.53 billion, a P/E ratio of 14.42, a PEG ratio of 3.86 and a beta of 0.50. The company’s fifty day simple moving average is $45.87 and its two-hundred day simple moving average is $46.41. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.23.

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

CNA Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Monday, November 17th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Monday, November 17th. CNA Financial’s dividend payout ratio (DPR) is 50.41%.

About CNA Financial

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.