Vise Technologies Inc. Acquires New Shares in CNA Financial Corporation $CNA

Vise Technologies Inc. acquired a new position in CNA Financial Corporation (NYSE:CNA) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,516 shares of the insurance provider’s stock, valued at approximately $396,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP increased its holdings in CNA Financial by 102.3% during the second quarter. Allworth Financial LP now owns 785 shares of the insurance provider’s stock valued at $37,000 after buying an additional 397 shares during the period. IFP Advisors Inc boosted its position in CNA Financial by 240.3% during the 2nd quarter. IFP Advisors Inc now owns 878 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 620 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new position in shares of CNA Financial in the 1st quarter valued at $158,000. Signaturefd LLC lifted its stake in shares of CNA Financial by 7.7% during the 2nd quarter. Signaturefd LLC now owns 3,680 shares of the insurance provider’s stock worth $171,000 after purchasing an additional 264 shares during the last quarter. Finally, US Bancorp DE boosted its position in CNA Financial by 12.4% during the first quarter. US Bancorp DE now owns 4,164 shares of the insurance provider’s stock valued at $211,000 after purchasing an additional 461 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

CNA Financial Stock Performance

Shares of CNA Financial stock opened at $46.33 on Friday. The company has a 50 day moving average price of $45.93 and a 200 day moving average price of $46.45. The firm has a market capitalization of $12.54 billion, a P/E ratio of 14.43, a PEG ratio of 3.86 and a beta of 0.50. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.23. CNA Financial Corporation has a 52 week low of $43.29 and a 52 week high of $51.42.

CNA Financial (NYSE:CNA) last posted its quarterly earnings results on Monday, November 3rd. The insurance provider reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.25. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $2.84 billion. CNA Financial had a net margin of 5.99% and a return on equity of 11.85%. During the same quarter last year, the company posted $1.08 earnings per share. Sell-side analysts expect that CNA Financial Corporation will post 4.64 EPS for the current year.

CNA Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Monday, November 17th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.0%. CNA Financial’s dividend payout ratio is currently 50.41%.

Insider Activity

In related news, CFO Scott R. Lindquist sold 10,000 shares of CNA Financial stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $48.81, for a total transaction of $488,100.00. Following the completion of the sale, the chief financial officer owned 89,867 shares of the company’s stock, valued at $4,386,408.27. The trade was a 10.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Dino Robusto sold 6,250 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $45.28, for a total transaction of $283,000.00. Following the completion of the transaction, the chairman owned 674,338 shares in the company, valued at approximately $30,534,024.64. This trade represents a 0.92% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 37,130 shares of company stock valued at $1,776,865. Company insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

CNA has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of CNA Financial from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of CNA Financial in a research note on Thursday. Finally, Zacks Research upgraded shares of CNA Financial from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, CNA Financial currently has a consensus rating of “Moderate Buy” and an average target price of $53.00.

CNA Financial Company 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.