HB Wealth Management LLC Boosts Holdings in CNA Financial Corporation $CNA

HB Wealth Management LLC lifted its position in shares of CNA Financial Corporation (NYSE:CNA) by 81.3% during the second quarter, HoldingsChannel reports. The firm owned 39,507 shares of the insurance provider’s stock after purchasing an additional 17,717 shares during the quarter. HB Wealth Management LLC’s holdings in CNA Financial were worth $1,920,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lloyd Advisory Services LLC. acquired a new stake in CNA Financial during the 4th quarter valued at $25,000. Compass Financial Management LLC purchased a new stake in CNA Financial during the 2nd quarter worth $36,000. State of Wyoming acquired a new position in CNA Financial in the 2nd quarter worth $53,000. Quantbot Technologies LP acquired a new position in CNA Financial in the 2nd quarter worth $55,000. Finally, CIBC Private Wealth Group LLC boosted its position in CNA Financial by 142.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,223 shares of the insurance provider’s stock valued at $57,000 after buying an additional 719 shares during the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

CNA Financial Stock Down 1.0%

CNA opened at $47.30 on Thursday. CNA Financial Corporation has a 12 month low of $41.53 and a 12 month high of $55.71. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market cap of $12.80 billion, a P/E ratio of 10.40, a P/E/G ratio of 6.37 and a beta of 0.27. The stock’s 50 day moving average price is $51.00 and its 200 day moving average price is $47.75.

CNA Financial (NYSE:CNA) last announced its quarterly earnings results on Monday, August 3rd. The insurance provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.11. CNA Financial had a return on equity of 11.34% and a net margin of 8.16%.The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the previous year, the firm posted $1.23 EPS. As a group, research analysts predict that CNA Financial Corporation will post 4.19 earnings per share for the current year.

CNA Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Monday, August 17th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, August 17th. CNA Financial’s payout ratio is currently 42.20%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Zacks Research raised CNA Financial from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 16th. Weiss Ratings raised CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 17th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Insider Transactions at CNA Financial

In other CNA Financial news, CAO Daniel Franzetti sold 22,656 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $53.09, for a total transaction of $1,202,807.04. Following the transaction, the chief accounting officer owned 68,032 shares of the company’s stock, valued at approximately $3,611,818.88. This trade represents a 24.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark James sold 8,273 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $53.15, for a total transaction of $439,709.95. Following the transaction, the executive vice president directly owned 26,446 shares in the company, valued at approximately $1,405,604.90. The trade was a 23.83% decrease in their position. The SEC filing for this sale provides additional information. 0.29% of the stock is owned by insiders.

About CNA Financial

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.