Ieq Capital LLC Takes $813,000 Position in CNA Financial Corporation $CNA

Ieq Capital LLC bought a new stake in shares of CNA Financial Corporation (NYSE:CNA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,721 shares of the insurance provider’s stock, valued at approximately $813,000.

Several other institutional investors have also bought and sold shares of the stock. Daiwa Securities Group Inc. raised its position in CNA Financial by 5.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,972 shares of the insurance provider’s stock valued at $190,000 after buying an additional 211 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in CNA Financial by 6.8% during the 2nd quarter. Lazard Asset Management LLC now owns 3,957 shares of the insurance provider’s stock worth $184,000 after acquiring an additional 253 shares during the last quarter. Focus Partners Wealth boosted its holdings in CNA Financial by 2.9% during the 3rd quarter. Focus Partners Wealth now owns 9,305 shares of the insurance provider’s stock worth $432,000 after acquiring an additional 258 shares during the last quarter. Whittier Trust Co. grew its stake in shares of CNA Financial by 13.8% in the 1st quarter. Whittier Trust Co. now owns 2,275 shares of the insurance provider’s stock worth $105,000 after acquiring an additional 275 shares in the last quarter. Finally, Hudson Portfolio Management LLC raised its holdings in shares of CNA Financial by 0.8% in the fourth quarter. Hudson Portfolio Management LLC now owns 39,980 shares of the insurance provider’s stock valued at $1,909,000 after purchasing an additional 300 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Insider Buying and Selling at CNA Financial

In other CNA Financial news, CAO Daniel Paul Franzetti sold 22,656 shares of the stock in a transaction on 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 completion of the transaction, the chief accounting officer directly owned 68,032 shares of the company’s stock, valued at approximately $3,611,818.88. This represents a 24.98% decrease in their ownership of the stock. The sale 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 the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $53.15, for a total value of $439,709.95. Following the completion of the sale, the executive vice president directly owned 26,446 shares of the company’s stock, valued at $1,405,604.90. This represents a 23.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

CNA Financial Stock Performance

Shares of CNA stock opened at $48.90 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market cap of $13.23 billion, a price-to-earnings ratio of 10.75, a P/E/G ratio of 6.60 and a beta of 0.28. CNA Financial Corporation has a 52 week low of $41.53 and a 52 week high of $55.71. The firm’s 50-day simple moving average is $50.81 and its two-hundred day simple moving average is $47.78.

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

CNA Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Monday, August 17th will be paid a $0.48 dividend. The ex-dividend date is Monday, August 17th. This represents a $1.92 annualized dividend and a yield of 3.9%. CNA Financial’s dividend payout ratio is presently 42.20%.

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.