CORDA Investment Management LLC. Acquires 17,046 Shares of CNA Financial Corporation $CNA

CORDA Investment Management LLC. boosted its holdings in CNA Financial Corporation (NYSE:CNA) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 701,884 shares of the insurance provider’s stock after buying an additional 17,046 shares during the quarter. CNA Financial accounts for approximately 2.3% of CORDA Investment Management LLC.’s holdings, making the stock its 20th biggest position. CORDA Investment Management LLC. owned approximately 0.26% of CNA Financial worth $32,610,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Amundi grew its stake in shares of CNA Financial by 5.3% in the first quarter. Amundi now owns 7,787 shares of the insurance provider’s stock worth $395,000 after acquiring an additional 389 shares during the period. Goldman Sachs Group Inc. grew its position in CNA Financial by 0.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 351,997 shares of the insurance provider’s stock worth $17,878,000 after purchasing an additional 2,466 shares during the period. Empowered Funds LLC raised its stake in CNA Financial by 12.9% during the 1st quarter. Empowered Funds LLC now owns 5,966 shares of the insurance provider’s stock valued at $303,000 after buying an additional 684 shares during the last quarter. Focus Partners Wealth bought a new position in shares of CNA Financial during the 1st quarter valued at $281,000. Finally, Strs Ohio bought a new position in shares of CNA Financial during the 1st quarter valued at $3,118,000. Institutional investors own 98.45% of the company’s stock.

Insider Transactions at CNA Financial

In other CNA Financial news, Chairman Dino Robusto sold 6,250 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $47.62, for a total transaction of $297,625.00. Following the sale, the chairman owned 661,838 shares of the company’s stock, valued at approximately $31,516,725.56. This trade represents a 0.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 18,750 shares of company stock worth $873,875 over the last 90 days. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Zacks Research downgraded CNA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CNA Financial in a report on Monday, December 29th. Finally, Wall Street Zen cut shares of CNA Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $53.00.

CNA Financial Stock Performance

Shares of NYSE:CNA opened at $46.29 on Friday. The firm’s 50 day simple moving average is $46.41 and its 200-day simple moving average is $46.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.28 and a current ratio of 0.28. CNA Financial Corporation has a one year low of $43.29 and a one year high of $51.34. The firm has a market cap of $12.53 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 3.88 and a beta of 0.37.

CNA Financial (NYSE:CNA) last issued its earnings results on Monday, November 3rd. The insurance provider reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.25. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $2.84 billion. CNA Financial had a return on equity of 12.78% and a net margin of 6.71%.During the same period in the prior year, the business earned $1.08 EPS. As a group, equities analysts predict that CNA Financial Corporation will post 4.64 EPS for the current year.

CNA Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, November 17th were paid a dividend of $0.46 per share. The ex-dividend date was Monday, November 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.0%. CNA Financial’s dividend payout ratio (DPR) is currently 50.41%.

About CNA Financial

CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.

Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.