Assenagon Asset Management S.A. Purchases Shares of 22,025 CNA Financial Co. (NYSE:CNA)

Assenagon Asset Management S.A. purchased a new position in CNA Financial Co. (NYSE:CNAFree Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 22,025 shares of the insurance provider’s stock, valued at approximately $1,065,000.

A number of other large investors have also made changes to their positions in the stock. HighTower Advisors LLC grew its position in CNA Financial by 107.1% during the third quarter. HighTower Advisors LLC now owns 22,172 shares of the insurance provider’s stock worth $1,066,000 after buying an additional 11,468 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of CNA Financial by 97.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,152,528 shares of the insurance provider’s stock worth $51,760,000 after acquiring an additional 570,172 shares during the period. Creative Planning grew its holdings in shares of CNA Financial by 16.5% during the 3rd quarter. Creative Planning now owns 16,067 shares of the insurance provider’s stock worth $786,000 after purchasing an additional 2,272 shares in the last quarter. Quest Partners LLC increased its position in shares of CNA Financial by 69.3% during the third quarter. Quest Partners LLC now owns 26,737 shares of the insurance provider’s stock valued at $1,309,000 after purchasing an additional 10,940 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of CNA Financial by 43.9% in the third quarter. Wellington Management Group LLP now owns 41,051 shares of the insurance provider’s stock valued at $2,009,000 after purchasing an additional 12,528 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

CNA Financial Stock Performance

Shares of NYSE:CNA opened at $48.70 on Friday. The stock has a market capitalization of $13.19 billion, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 6.02 and a beta of 0.67. The business’s fifty day moving average price is $48.60 and its two-hundred day moving average price is $48.92. CNA Financial Co. has a fifty-two week low of $42.33 and a fifty-two week high of $52.36. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.26 and a quick ratio of 0.26.

CNA Financial (NYSE:CNAGet Free Report) last posted its earnings results on Monday, November 4th. The insurance provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.01. CNA Financial had a net margin of 9.26% and a return on equity of 13.30%. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the prior year, the firm earned $1.06 EPS. As a group, analysts predict that CNA Financial Co. will post 4.68 EPS for the current fiscal year.

CNA Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend was Monday, November 18th. CNA Financial’s dividend payout ratio (DPR) is currently 36.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Bank of America lifted their price target on shares of CNA Financial from $45.00 to $48.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods decreased their target price on shares of CNA Financial from $55.00 to $54.00 and set a “market perform” rating on the stock in a research report on Friday, January 10th. Finally, StockNews.com raised shares of CNA Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th.

Read Our Latest Analysis on CNA Financial

Insider Transactions at CNA Financial

In related news, EVP Douglas Worman sold 22,973 shares of CNA Financial stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $48.75, for a total value of $1,119,933.75. Following the completion of the transaction, the executive vice president now directly owns 133,777 shares of the company’s stock, valued at $6,521,628.75. The trade was a 14.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.30% of the stock is owned by company insiders.

CNA Financial Company Profile

(Free Report)

CNA Financial Corporation provides commercial property and casualty insurance products in the United States and internationally. 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 and cyber 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 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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