CNA Financial Corporation $CNA Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP raised its holdings in CNA Financial Corporation (NYSE:CNA) by 74.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,293 shares of the insurance provider’s stock after buying an additional 24,818 shares during the period. GSA Capital Partners LLP’s holdings in CNA Financial were worth $2,783,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tudor Investment Corp ET AL raised its stake in CNA Financial by 125.1% in the third quarter. Tudor Investment Corp ET AL now owns 164,121 shares of the insurance provider’s stock valued at $7,625,000 after buying an additional 91,205 shares in the last quarter. First Trust Advisors LP raised its stake in CNA Financial by 15.2% in the third quarter. First Trust Advisors LP now owns 1,183,892 shares of the insurance provider’s stock valued at $55,004,000 after buying an additional 156,077 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in CNA Financial in the third quarter valued at $1,092,000. Assenagon Asset Management S.A. acquired a new stake in CNA Financial in the fourth quarter valued at $2,632,000. Finally, Capula Management Ltd raised its stake in CNA Financial by 24.6% in the third quarter. Capula Management Ltd now owns 109,529 shares of the insurance provider’s stock valued at $5,089,000 after buying an additional 21,591 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CNA Financial news, SVP Jeffrey John Neuenschwander sold 3,287 shares of CNA Financial stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $45.97, for a total value of $151,103.39. Following the sale, the senior vice president owned 7,277 shares of the company’s stock, valued at approximately $334,523.69. The trade was a 31.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CNA shares. Weiss Ratings cut CNA Financial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Wall Street Zen cut CNA Financial from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Finally, Zacks Research cut CNA Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

CNA Financial Stock Performance

Shares of CNA stock opened at $44.36 on Tuesday. The stock has a market capitalization of $12.00 billion, a PE ratio of 9.92, a price-to-earnings-growth ratio of 5.65 and a beta of 0.35. CNA Financial Corporation has a 52-week low of $42.48 and a 52-week high of $50.72. The stock’s 50-day moving average price is $46.26 and its 200 day moving average price is $46.74. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.27.

CNA Financial (NYSE:CNA) last announced its quarterly earnings data on Monday, May 4th. The insurance provider reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.47). CNA Financial had a net margin of 8.08% and a return on equity of 11.57%. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the prior year, the firm posted $1.03 EPS. As a group, equities research analysts forecast that CNA Financial Corporation will post 4.33 EPS for the current year.

CNA Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Monday, May 18th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Monday, May 18th. CNA Financial’s payout ratio is currently 42.95%.

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.