Public Employees Retirement System of Ohio Sells 315 Shares of CNA Financial Corporation $CNA

Public Employees Retirement System of Ohio cut its holdings in CNA Financial Corporation (NYSE:CNA) by 4.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,016 shares of the insurance provider’s stock after selling 315 shares during the period. Public Employees Retirement System of Ohio’s holdings in CNA Financial were worth $326,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. AQR Capital Management LLC raised its position in CNA Financial by 21.4% in the first quarter. AQR Capital Management LLC now owns 2,355,192 shares of the insurance provider’s stock worth $119,090,000 after acquiring an additional 415,856 shares during the period. Bank of New York Mellon Corp raised its position in CNA Financial by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 1,190,237 shares of the insurance provider’s stock worth $60,452,000 after acquiring an additional 13,127 shares during the period. Charles Schwab Investment Management Inc. raised its position in CNA Financial by 210.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 862,690 shares of the insurance provider’s stock worth $43,816,000 after acquiring an additional 585,076 shares during the period. CORDA Investment Management LLC. increased its stake in shares of CNA Financial by 0.7% in the first quarter. CORDA Investment Management LLC. now owns 665,982 shares of the insurance provider’s stock worth $33,825,000 after purchasing an additional 4,450 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of CNA Financial by 2.0% in the first quarter. Vanguard Group Inc. now owns 556,695 shares of the insurance provider’s stock worth $28,275,000 after purchasing an additional 11,019 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of CNA Financial in a research note on Saturday, September 27th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $50.50.

CNA Financial Stock Performance

Shares of NYSE:CNA opened at $46.75 on Tuesday. CNA Financial Corporation has a 52 week low of $43.29 and a 52 week high of $51.42. The stock has a market capitalization of $12.65 billion, a P/E ratio of 14.56, a PEG ratio of 4.13 and a beta of 0.50. The firm has a fifty day simple moving average of $47.17 and a two-hundred day simple moving average of $47.04. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.23.

CNA Financial (NYSE:CNA) last issued its quarterly earnings data on Monday, August 4th. The insurance provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.29. CNA Financial had a net margin of 5.99% and a return on equity of 11.85%. The business had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same period last year, the company posted $1.19 EPS. On average, analysts expect that CNA Financial Corporation will post 4.64 earnings per share for the current fiscal year.

CNA Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, August 18th. CNA Financial’s dividend payout ratio (DPR) is presently 57.32%.

Insider Activity

In other news, Chairman Dino Robusto sold 6,250 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $46.25, for a total value of $289,062.50. Following the completion of the sale, the chairman owned 680,588 shares in the company, valued at approximately $31,477,195. This trade represents a 0.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Scott R. Lindquist sold 8,380 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $48.98, for a total transaction of $410,452.40. Following the completion of the sale, the chief financial officer owned 81,487 shares of the company’s stock, valued at $3,991,233.26. This trade represents a 9.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,880 shares of company stock valued at $1,493,865 in the last 90 days. Company insiders own 0.36% of the company’s stock.

CNA Financial Profile

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.