CNA Financial Corporation $CNA Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in CNA Financial Corporation (NYSE:CNA) by 71.7% during the first quarter, Holdings Channel reports. The firm owned 4,514 shares of the insurance provider’s stock after selling 11,460 shares during the quarter. SG Americas Securities LLC’s holdings in CNA Financial were worth $207,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lloyd Advisory Services LLC. acquired a new stake in shares of CNA Financial in the fourth quarter valued at $25,000. Elevation Wealth Partners LLC acquired a new position in CNA Financial during the 4th quarter worth about $53,000. State of Wyoming purchased a new position in CNA Financial during the 2nd quarter valued at about $53,000. Quantbot Technologies LP acquired a new position in CNA Financial in the 2nd quarter valued at about $55,000. Finally, CIBC Private Wealth Group LLC increased its stake in CNA Financial by 142.7% during the third quarter. CIBC Private Wealth Group LLC now owns 1,223 shares of the insurance provider’s stock worth $57,000 after purchasing an additional 719 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CNA shares. Zacks Research lowered shares of CNA Financial from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Weiss Ratings upgraded CNA Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, June 30th. 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, the stock presently has an average rating of “Hold”.

CNA Financial Stock Up 0.9%

NYSE:CNA traded up $0.47 during mid-day trading on Friday, hitting $51.38. The stock had a trading volume of 335,492 shares, compared to its average volume of 596,202. CNA Financial Corporation has a twelve month low of $41.53 and a twelve month high of $52.86. The stock has a 50-day simple moving average of $45.54 and a two-hundred day simple moving average of $46.77. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $13.90 billion, a PE ratio of 11.50, a PEG ratio of 7.07 and a beta of 0.28.

CNA Financial (NYSE:CNA) last posted its quarterly earnings results on Monday, May 4th. The insurance provider reported $0.83 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.47). CNA Financial had a return on equity of 11.57% and a net margin of 8.08%.The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same quarter last year, the firm earned $1.03 EPS. On average, equities research analysts anticipate that CNA Financial Corporation will post 4.05 EPS for the current year.

CNA Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were paid a dividend of $0.48 per share. The ex-dividend date was Monday, May 18th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.7%. CNA Financial’s payout ratio is presently 42.95%.

CNA Financial 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.