JPMorgan Chase & Co. cut its stake in CNA Financial Co. (NYSE:CNA – Get Rating) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,316,639 shares of the insurance provider’s stock after selling 22,778 shares during the period. JPMorgan Chase & Co. owned approximately 0.49% of CNA Financial worth $59,117,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of CNA. SG Americas Securities LLC acquired a new stake in shares of CNA Financial in the first quarter worth approximately $120,000. Signaturefd LLC boosted its position in shares of CNA Financial by 103.5% in the first quarter. Signaturefd LLC now owns 578 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 294 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of CNA Financial by 5.8% in the first quarter. Envestnet Asset Management Inc. now owns 16,708 shares of the insurance provider’s stock worth $812,000 after acquiring an additional 913 shares during the last quarter. Victory Capital Management Inc. lifted its position in CNA Financial by 41.5% during the first quarter. Victory Capital Management Inc. now owns 762,878 shares of the insurance provider’s stock valued at $36,191,000 after buying an additional 223,594 shares in the last quarter. Finally, Advisor Group Holdings Inc. lifted its position in CNA Financial by 52.4% during the first quarter. Advisor Group Holdings Inc. now owns 8,517 shares of the insurance provider’s stock valued at $414,000 after buying an additional 2,928 shares in the last quarter. 98.54% of the stock is owned by institutional investors and hedge funds.
CNA Financial Trading Down 0.6 %
Shares of CNA stock opened at $42.20 on Friday. The stock has a market cap of $11.43 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 2.30 and a beta of 0.69. 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 Co. has a fifty-two week low of $35.90 and a fifty-two week high of $50.33. The firm’s 50 day moving average price is $39.95 and its two-hundred day moving average price is $41.73.
CNA Financial Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, November 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.79%. CNA Financial’s payout ratio is currently 47.76%.
Insider Transactions at CNA Financial
In other news, EVP Douglas Worman sold 21,048 shares of the business’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $41.96, for a total transaction of $883,174.08. Following the transaction, the executive vice president now directly owns 98,286 shares of the company’s stock, valued at $4,124,080.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other CNA Financial news, major shareholder Corp Loews bought 76,954 shares of the stock in a transaction on Monday, September 19th. The stock was purchased at an average price of $39.26 per share, for a total transaction of $3,021,214.04. Following the completion of the purchase, the insider now directly owns 243,806,709 shares in the company, valued at $9,571,851,395.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Douglas Worman sold 21,048 shares of the business’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $41.96, for a total transaction of $883,174.08. Following the sale, 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. Over the last three months, insiders have bought 274,630 shares of company stock valued at $10,802,190. Corporate insiders own 0.24% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of CNA Financial from a “hold” rating to a “buy” rating in a research report on Monday, November 14th.
About CNA Financial
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.
- Get a free copy of the StockNews.com research report on CNA Financial (CNA)
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