Vanguard Personalized Indexing Management LLC Sells 1,486 Shares of CNA Financial Corporation $CNA

Vanguard Personalized Indexing Management LLC cut its holdings in CNA Financial Corporation (NYSE:CNA) by 11.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,981 shares of the insurance provider’s stock after selling 1,486 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in CNA Financial were worth $557,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in CNA Financial in the first quarter worth $887,000. Wealth Enhancement Advisory Services LLC lifted its stake in CNA Financial by 37.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 27,934 shares of the insurance provider’s stock worth $1,419,000 after purchasing an additional 7,665 shares during the last quarter. SG Americas Securities LLC bought a new stake in CNA Financial in the first quarter worth $470,000. Nisa Investment Advisors LLC lifted its stake in CNA Financial by 57.4% in the first quarter. Nisa Investment Advisors LLC now owns 38,120 shares of the insurance provider’s stock worth $1,936,000 after purchasing an additional 13,900 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in 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 during the last quarter. 98.45% of the stock is owned by institutional investors.

Insider Transactions at CNA Financial

In other CNA Financial news, CFO Scott R. Lindquist sold 8,380 shares of the company’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $48.98, for a total value of $410,452.40. Following the sale, the chief financial officer owned 81,487 shares in the company, valued at approximately $3,991,233.26. This represents a 9.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Dino Robusto sold 6,250 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $46.25, for a total transaction 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 30,880 shares of company stock worth $1,493,865. Corporate insiders own 0.36% of the company’s stock.

CNA Financial Price Performance

Shares of CNA opened at $45.72 on Wednesday. The stock has a market cap of $12.38 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 3.99 and a beta of 0.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.27 and a current ratio of 0.27. CNA Financial Corporation has a fifty-two week low of $43.29 and a fifty-two week high of $51.42. The firm’s 50-day simple moving average is $47.23 and its two-hundred day simple moving average is $46.76.

CNA Financial (NYSE:CNA) last announced its quarterly earnings data on Monday, August 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.29. The business had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $2.76 billion. CNA Financial had a net margin of 5.99% and a return on equity of 11.85%. During the same quarter in the prior year, the company earned $1.19 earnings per share. Analysts anticipate 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 issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Monday, August 18th. CNA Financial’s dividend payout ratio is 57.32%.

Wall Street Analyst Weigh In

CNA has been the subject of several recent analyst reports. Zacks Research raised shares of CNA Financial from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CNA Financial in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.00.

CNA Financial Company 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.