Sei Investments Co. Cuts Position in CNA Financial Corporation $CNA

Sei Investments Co. decreased its position in CNA Financial Corporation (NYSE:CNA) by 56.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,150 shares of the insurance provider’s stock after selling 10,435 shares during the quarter. Sei Investments Co.’s holdings in CNA Financial were worth $374,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in CNA. First Trust Advisors LP increased its position in shares of CNA Financial by 34.6% in the 1st quarter. First Trust Advisors LP now owns 2,101,092 shares of the insurance provider’s stock valued at $96,482,000 after purchasing an additional 540,448 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of CNA Financial by 9.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 24,153 shares of the insurance provider’s stock worth $1,109,000 after purchasing an additional 2,172 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of CNA Financial by 12.3% during the 1st quarter. Parallel Advisors LLC now owns 7,080 shares of the insurance provider’s stock worth $325,000 after purchasing an additional 774 shares during the last quarter. Kera Capital Partners Inc. grew its stake in shares of CNA Financial by 11.4% during the first quarter. Kera Capital Partners Inc. now owns 8,871 shares of the insurance provider’s stock worth $407,000 after purchasing an additional 910 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of CNA Financial during the first quarter worth $373,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on CNA shares. Weiss Ratings upgraded CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 17th. Zacks Research raised CNA Financial from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 16th. One 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, the stock currently has a consensus rating of “Moderate Buy”.

Insider Buying and Selling at CNA Financial

In other news, CAO Daniel Paul Franzetti sold 22,656 shares of CNA Financial stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $53.09, for a total transaction of $1,202,807.04. Following the sale, the chief accounting officer owned 68,032 shares in the company, valued at approximately $3,611,818.88. The trade was a 24.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark Steven James sold 8,273 shares of CNA Financial stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $53.15, for a total value of $439,709.95. Following the sale, the executive vice president owned 26,446 shares in the company, valued at $1,405,604.90. This trade represents a 23.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.29% of the company’s stock.

CNA Financial Stock Down 0.3%

CNA stock opened at $50.99 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27. CNA Financial Corporation has a twelve month low of $41.53 and a twelve month high of $55.71. The company’s 50 day moving average is $49.94 and its two-hundred day moving average is $47.71. The stock has a market cap of $13.80 billion, a P/E ratio of 11.21, a PEG ratio of 6.89 and a beta of 0.28.

CNA Financial (NYSE:CNA) last issued its earnings results on Monday, August 3rd. The insurance provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.11. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $2.97 billion. CNA Financial had a net margin of 8.16% and a return on equity of 11.34%. During the same quarter in the prior year, the business posted $1.23 EPS. Research analysts expect that CNA Financial Corporation will post 4.14 earnings per share for the current fiscal year.

CNA Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Monday, August 17th will be given a $0.48 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.92 dividend on an annualized basis and a yield of 3.8%. CNA Financial’s payout ratio is 42.20%.

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.