Altrinsic Global Advisors LLC Sells 165,013 Shares of CNA Financial Corporation $CNA

Altrinsic Global Advisors LLC trimmed its holdings in CNA Financial Corporation (NYSE:CNA) by 58.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,000 shares of the insurance provider’s stock after selling 165,013 shares during the period. Altrinsic Global Advisors LLC’s holdings in CNA Financial were worth $5,343,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Amundi grew its position in shares of CNA Financial by 5.3% in the first quarter. Amundi now owns 7,787 shares of the insurance provider’s stock valued at $395,000 after purchasing an additional 389 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in CNA Financial by 0.7% during 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 in the last quarter. Empowered Funds LLC lifted its holdings in CNA Financial by 12.9% during the 1st quarter. Empowered Funds LLC now owns 5,966 shares of the insurance provider’s stock worth $303,000 after purchasing an additional 684 shares in the last quarter. Focus Partners Wealth bought a new position in CNA Financial in the 1st quarter worth about $281,000. Finally, Allworth Financial LP boosted its position in shares of CNA Financial by 102.3% in the second quarter. Allworth Financial LP now owns 785 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 397 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

CNA Financial Stock Performance

Shares of CNA stock opened at $46.63 on Friday. The stock has a market cap of $12.62 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 6.75 and a beta of 0.34. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.26. CNA Financial Corporation has a 12 month low of $43.29 and a 12 month high of $51.34. The company’s fifty day moving average price is $47.77 and its 200-day moving average price is $46.93.

CNA Financial (NYSE:CNA) last announced its earnings results on Monday, February 9th. The insurance provider reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04). The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $2.88 billion. CNA Financial had a net margin of 8.53% and a return on equity of 12.23%. During the same period in the prior year, the business posted $1.25 EPS. On average, equities analysts expect that CNA Financial Corporation will post 4.64 EPS for the current fiscal year.

CNA Financial Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Thursday, March 12th. Investors of record on Monday, February 23rd were issued a $2.00 dividend. This represents a yield of 409.0%. The ex-dividend date was Monday, February 23rd. CNA Financial’s payout ratio is presently 40.94%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Zacks Research cut CNA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Weiss Ratings upgraded shares of CNA Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Finally, Wall Street Zen downgraded CNA Financial from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, CNA Financial currently has an average rating of “Moderate Buy”.

Insider Buying and Selling at CNA Financial

In other news, Chairman Dino Robusto sold 6,250 shares of the company’s 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 transaction, the chairman directly owned 661,838 shares of the company’s stock, valued at $31,516,725.56. This represents a 0.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.30% of the stock is owned by corporate insiders.

CNA Financial Profile

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.