Advisors Asset Management Inc. Has $152,000 Holdings in CNA Financial Co. (NYSE:CNA)

Advisors Asset Management Inc. lowered its position in CNA Financial Co. (NYSE:CNAGet Rating) by 20.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,389 shares of the insurance provider’s stock after selling 856 shares during the period. Advisors Asset Management Inc.’s holdings in CNA Financial were worth $152,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CNA. MetLife Investment Management LLC acquired a new position in CNA Financial in the first quarter valued at $27,000. Geneos Wealth Management Inc. raised its position in shares of CNA Financial by 258.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 555 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 400 shares in the last quarter. Signaturefd LLC lifted its stake in shares of CNA Financial by 103.5% in the 1st quarter. Signaturefd LLC now owns 578 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 294 shares during the period. CENTRAL TRUST Co bought a new stake in shares of CNA Financial during the 1st quarter valued at about $45,000. Finally, Captrust Financial Advisors boosted its position in shares of CNA Financial by 263.6% during the 1st quarter. Captrust Financial Advisors now owns 1,378 shares of the insurance provider’s stock valued at $67,000 after purchasing an additional 999 shares in the last quarter. 98.54% of the stock is owned by institutional investors.

CNA Financial Stock Up 0.4 %

CNA Financial stock opened at $42.19 on Tuesday. The company has a market capitalization of $11.43 billion, a PE ratio of 12.59, a PEG ratio of 2.28 and a beta of 0.69. CNA Financial Co. has a 12-month low of $35.90 and a 12-month high of $50.33. The firm’s fifty day moving average is $39.72 and its 200 day moving average is $41.74. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.34.

CNA Financial (NYSE:CNAGet Rating) last announced its quarterly earnings data on Monday, October 31st. The insurance provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.17. CNA Financial had a net margin of 7.71% and a return on equity of 10.08%. During the same quarter last year, the company earned $0.87 EPS. As a group, sell-side analysts predict that CNA Financial Co. will post 3.69 EPS for the current fiscal year.

CNA Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be paid a $0.40 dividend. The ex-dividend date is Monday, November 14th. This represents a $1.60 dividend on an annualized basis and a yield of 3.79%. CNA Financial’s dividend payout ratio (DPR) is presently 47.76%.

Insider Activity

In other news, major shareholder Corp Loews bought 76,954 shares of the business’s stock in a transaction that occurred on Monday, September 19th. The shares were bought at an average cost of $39.26 per share, for a total transaction of $3,021,214.04. Following the acquisition, the insider now directly owns 243,806,709 shares in the company, valued at $9,571,851,395.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other CNA Financial news, major shareholder Corp Loews bought 76,954 shares of the stock in a transaction that occurred on Monday, September 19th. The shares were bought at an average price of $39.26 per share, for a total transaction of $3,021,214.04. Following the acquisition, the insider now directly owns 243,806,709 shares of the company’s stock, valued at approximately $9,571,851,395.34. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Douglas Worman sold 21,048 shares of CNA Financial stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $41.96, for a total value of $883,174.08. Following the transaction, the executive vice president now owns 98,286 shares of the company’s stock, valued at approximately $4,124,080.56. The disclosure for this sale can be found here. Insiders bought a total of 274,630 shares of company stock worth $10,802,190 over the last quarter. 0.24% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com raised CNA Financial from a “hold” rating to a “buy” rating in a research note on Monday, November 14th.

CNA Financial Company 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.

Further Reading

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

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