Walleye Capital LLC Purchases New Position in CNA Financial Co. (NYSE:CNA)

Walleye Capital LLC bought a new position in shares of CNA Financial Co. (NYSE:CNAGet Rating) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 16,055 shares of the insurance provider’s stock, valued at approximately $781,000.

A number of other large investors have also recently added to or reduced their stakes in CNA. Mercer Global Advisors Inc. ADV bought a new stake in shares of CNA Financial in the first quarter valued at approximately $230,000. Signaturefd LLC raised its stake in shares of CNA Financial by 103.5% in the first quarter. Signaturefd LLC now owns 578 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 294 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of CNA Financial in the first quarter valued at $359,000. Cookson Peirce & Co. Inc. acquired a new position in shares of CNA Financial in the first quarter valued at $289,000. Finally, Prana Capital Management LP acquired a new position in shares of CNA Financial in the first quarter valued at $2,252,000. Institutional investors own 98.54% of the company’s stock.

CNA Financial Stock Performance

Shares of NYSE CNA opened at $38.91 on Wednesday. The business has a fifty day simple moving average of $40.74 and a 200 day simple moving average of $44.18. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 2.07 and a beta of 0.68. CNA Financial Co. has a one year low of $37.90 and a one year high of $50.33.

CNA Financial (NYSE:CNAGet Rating) last released its quarterly earnings data on Monday, August 1st. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.13). CNA Financial had a return on equity of 9.28% and a net margin of 8.80%. During the same period last year, the business earned $1.25 EPS. Sell-side analysts expect that CNA Financial Co. will post 3.7 EPS for the current year.

CNA Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 15th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, August 12th. This represents a $1.60 annualized dividend and a yield of 4.11%. CNA Financial’s dividend payout ratio is currently 41.88%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered CNA Financial from a “buy” rating to a “hold” rating in a research note on Sunday, July 31st.

Insiders Place Their Bets

In related news, major shareholder Corp Loews acquired 47,899 shares of the company’s stock in a transaction on Thursday, September 8th. The stock was purchased at an average cost of $40.08 per share, for a total transaction of $1,919,791.92. Following the completion of the purchase, the insider now directly owns 243,526,599 shares of the company’s stock, valued at approximately $9,760,546,087.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders purchased 274,630 shares of company stock worth $10,802,190 over the last three months. 0.24% of the stock is currently owned by corporate insiders.

CNA Financial Profile

(Get Rating)

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. 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 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 standard property and casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.

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Institutional Ownership by Quarter for CNA Financial (NYSE:CNA)

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