ClearAlpha Technologies LP Acquires New Shares in CNA Financial Co. (NYSE:CNA)

ClearAlpha Technologies LP bought a new position in shares of CNA Financial Co. (NYSE:CNA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 16,652 shares of the insurance provider’s stock, valued at approximately $815,000.

Several other institutional investors have also recently bought and sold shares of CNA. True Wealth Design LLC bought a new stake in shares of CNA Financial during the 3rd quarter valued at approximately $36,000. Fairscale Capital LLC acquired a new stake in shares of CNA Financial during the 2nd quarter valued at $55,000. GAMMA Investing LLC boosted its holdings in shares of CNA Financial by 36.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,566 shares of the insurance provider’s stock valued at $72,000 after acquiring an additional 422 shares in the last quarter. Whittier Trust Co. bought a new stake in CNA Financial during the 2nd quarter worth $92,000. Finally, Abich Financial Wealth Management LLC increased its holdings in CNA Financial by 17.3% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 2,059 shares of the insurance provider’s stock worth $95,000 after purchasing an additional 303 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

CNA Financial Stock Up 0.3 %

Shares of CNA opened at $50.44 on Monday. The stock’s 50-day moving average price is $48.93 and its two-hundred day moving average price is $47.93. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $13.66 billion, a PE ratio of 10.51, a PEG ratio of 6.46 and a beta of 0.65. CNA Financial Co. has a 12 month low of $40.92 and a 12 month high of $52.36.

CNA Financial (NYSE:CNA) last released its earnings results on Monday, November 4th. The insurance provider reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.15 billion. CNA Financial had a net margin of 9.26% and a return on equity of 13.30%. During the same quarter in the prior year, the firm posted $1.06 EPS. On average, analysts anticipate that CNA Financial Co. will post 4.68 EPS for the current year.

CNA Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be given a dividend of $0.44 per share. The ex-dividend date is Monday, November 18th. This represents a $1.76 dividend on an annualized basis and a yield of 3.49%. CNA Financial’s dividend payout ratio (DPR) is currently 36.67%.

Wall Street Analysts Forecast Growth

CNA has been the topic of a number of recent research reports. Bank of America lifted their price target on CNA Financial from $45.00 to $48.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. StockNews.com upgraded shares of CNA Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of CNA Financial from $54.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, November 8th.

Insiders Place Their Bets

In related news, EVP Douglas Worman sold 22,973 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $48.75, for a total transaction of $1,119,933.75. Following the sale, the executive vice president now owns 133,777 shares in the company, valued at $6,521,628.75. This represents a 14.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Steven James sold 18,547 shares of CNA Financial stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $50.58, for a total value of $938,107.26. Following the completion of the sale, the executive vice president now owns 22,917 shares of the company’s stock, valued at approximately $1,159,141.86. The trade was a 44.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

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.