Dynamic Technology Lab Private Ltd Purchases New Position in CNA Financial Corporation $CNA

Dynamic Technology Lab Private Ltd acquired a new position in CNA Financial Corporation (NYSE:CNA) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 23,510 shares of the insurance provider’s stock, valued at approximately $1,092,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CNA. Alpine Bank Wealth Management boosted its stake in CNA Financial by 70.0% during the 3rd quarter. Alpine Bank Wealth Management now owns 556 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 229 shares during the last quarter. Covestor Ltd raised its stake in shares of CNA Financial by 129.7% in the third quarter. Covestor Ltd now owns 712 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 402 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of CNA Financial by 102.3% during the second quarter. Allworth Financial LP now owns 785 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 397 shares in the last quarter. Ameriflex Group Inc. lifted its holdings in shares of CNA Financial by 100.0% during the third quarter. Ameriflex Group Inc. now owns 820 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 410 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new stake in shares of CNA Financial during the third quarter valued at $48,000. 98.45% of the stock is owned by institutional investors.

CNA Financial Price Performance

NYSE CNA opened at $48.17 on Monday. The stock has a market capitalization of $13.04 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 9.08 and a beta of 0.34. CNA Financial Corporation has a 1-year low of $43.29 and a 1-year high of $51.34. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.28 and a quick ratio of 0.28. The business’s fifty day moving average price is $47.83 and its 200-day moving average price is $46.99.

CNA Financial (NYSE:CNA) last issued its quarterly earnings data on Monday, February 9th. The insurance provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.04). The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $2.88 billion. CNA Financial had a return on equity of 12.23% and a net margin of 8.53%.During the same period in the previous year, the firm earned $1.25 EPS. On average, equities analysts predict that CNA Financial Corporation will post 4.64 earnings per share for the current year.

CNA Financial Announces Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, March 12th. Shareholders of record on Monday, February 23rd will be given a $2.00 dividend. This represents a yield of 409.0%. The ex-dividend date of this dividend is Monday, February 23rd. CNA Financial’s dividend payout ratio (DPR) is presently 40.94%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, Chairman Dino Robusto sold 6,250 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $47.62, for a total transaction of $297,625.00. Following the completion of the sale, the chairman owned 661,838 shares of the company’s stock, valued at $31,516,725.56. This represents a 0.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.36% of the stock is currently owned by corporate insiders.

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.