39,930 Shares in CNA Financial Corporation $CNA Purchased by Hudson Portfolio Management LLC

Hudson Portfolio Management 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 Form 13F filing with the Securities and Exchange Commission. The firm bought 39,930 shares of the insurance provider’s stock, valued at approximately $1,941,000. CNA Financial accounts for approximately 1.5% of Hudson Portfolio Management LLC’s investment portfolio, making the stock its 15th biggest position.

A number of other large investors also recently added to or reduced their stakes in CNA. Daiwa Securities Group Inc. boosted its stake 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 worth $190,000 after purchasing an additional 211 shares during the period. Lazard Asset Management LLC raised its position in shares of CNA Financial by 6.8% during the second quarter. Lazard Asset Management LLC now owns 3,957 shares of the insurance provider’s stock valued at $184,000 after buying an additional 253 shares during the last quarter. Focus Partners Wealth lifted its holdings in shares of CNA Financial by 2.9% in the third quarter. Focus Partners Wealth now owns 9,305 shares of the insurance provider’s stock worth $432,000 after buying an additional 258 shares in the last quarter. Whittier Trust Co. boosted its position in shares of CNA Financial by 13.8% during the first quarter. Whittier Trust Co. now owns 2,275 shares of the insurance provider’s stock worth $105,000 after acquiring an additional 275 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of CNA Financial by 28.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,435 shares of the insurance provider’s stock worth $67,000 after acquiring an additional 318 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Daniel Paul Franzetti sold 22,656 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $53.09, for a total transaction of $1,202,807.04. Following the completion of the sale, the chief accounting officer owned 68,032 shares of the company’s stock, valued at $3,611,818.88. This represents a 24.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark Steven James sold 8,273 shares of the stock in a transaction dated Tuesday, August 4th. The shares were 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 owned 26,446 shares of the company’s stock, valued at approximately $1,405,604.90. This trade represents a 23.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.29% of the company’s stock.

CNA Financial Trading Down 0.8%

Shares of NYSE CNA opened at $49.08 on Friday. The business’s 50 day moving average is $50.48 and its two-hundred day moving average is $47.80. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.27 and a quick ratio of 0.27. CNA Financial Corporation has a 1-year low of $41.53 and a 1-year high of $55.71. The stock has a market capitalization of $13.28 billion, a P/E ratio of 10.79, a PEG ratio of 6.54 and a beta of 0.28.

CNA Financial (NYSE:CNA) last released its earnings results on Monday, August 3rd. The insurance provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $2.97 billion. During the same quarter last year, the business earned $1.23 EPS. As a group, research analysts expect that CNA Financial Corporation will post 4.19 EPS for the current year.

CNA Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on CNA. Weiss Ratings upgraded shares of CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 17th. Zacks Research upgraded 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.com, CNA Financial currently has an average rating of “Moderate Buy”.

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.