First Trust Advisors LP Has $96.48 Million Stock Position in CNA Financial Corporation $CNA

First Trust Advisors LP raised its holdings in shares of CNA Financial Corporation (NYSE:CNA) by 34.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 2,101,092 shares of the insurance provider’s stock after buying an additional 540,448 shares during the period. First Trust Advisors LP’s holdings in CNA Financial were worth $96,482,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CNA. AQR Capital Management LLC raised its holdings in CNA Financial by 14.6% during the fourth quarter. AQR Capital Management LLC now owns 2,784,682 shares of the insurance provider’s stock worth $132,941,000 after acquiring an additional 354,076 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in CNA Financial by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 890,953 shares of the insurance provider’s stock worth $42,534,000 after buying an additional 2,348 shares during the last quarter. UBS Group AG increased its holdings in CNA Financial by 25.9% during the fourth quarter. UBS Group AG now owns 867,787 shares of the insurance provider’s stock worth $41,428,000 after buying an additional 178,314 shares during the last quarter. CORDA Investment Management LLC. raised its position in CNA Financial by 1.4% during the first quarter. CORDA Investment Management LLC. now owns 730,219 shares of the insurance provider’s stock worth $33,532,000 after acquiring an additional 10,054 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in CNA Financial by 69.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 656,067 shares of the insurance provider’s stock worth $30,481,000 after acquiring an additional 268,917 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CNA. Weiss Ratings raised CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 17th. Zacks Research raised CNA Financial from a “strong sell” rating to a “hold” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

CNA Financial Stock Performance

Shares of NYSE CNA opened at $53.62 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.26 and a quick ratio of 0.26. The stock’s fifty day moving average price is $47.14 and its two-hundred day moving average price is $47.07. CNA Financial Corporation has a one year low of $41.53 and a one year high of $53.77. The firm has a market cap of $14.51 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 7.14 and a beta of 0.28.

CNA Financial (NYSE:CNA) last posted its earnings results on Monday, May 4th. The insurance provider reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.47). CNA Financial had a return on equity of 11.57% and a net margin of 8.08%.The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period in the prior year, the business posted $1.03 EPS. On average, equities analysts forecast that CNA Financial Corporation will post 4.09 EPS for the current year.

CNA Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, May 18th. CNA Financial’s payout ratio is 42.95%.

CNA Financial Company Profile

CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.

Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.