CNA Financial Co. (NYSE:CNA) Shares Sold by WBI Investments LLC

WBI Investments LLC decreased its stake in shares of CNA Financial Co. (NYSE:CNA) by 53.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,079 shares of the insurance provider’s stock after selling 9,118 shares during the period. WBI Investments LLC’s holdings in CNA Financial were worth $372,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in shares of CNA Financial in the 4th quarter worth about $48,000. abrdn plc bought a new position in CNA Financial in the fourth quarter worth about $348,000. GAMMA Investing LLC bought a new stake in shares of CNA Financial in the 4th quarter worth approximately $39,000. Truist Financial Corp acquired a new position in shares of CNA Financial during the fourth quarter valued at $320,000. Finally, Victory Capital Management Inc. grew its position in CNA Financial by 22.5% in the 4th quarter. Victory Capital Management Inc. now owns 39,173 shares of the insurance provider’s stock worth $1,657,000 after purchasing an additional 7,204 shares during the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CNA Financial

In other news, EVP Jane Elizabeth Possell sold 4,444 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $48.08, for a total value of $213,667.52. Following the completion of the sale, the executive vice president now directly owns 30,009 shares in the company, valued at $1,442,832.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $49.60, for a total value of $1,297,536.00. Following the transaction, the executive vice president now directly owns 47,744 shares in the company, valued at approximately $2,368,102.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jane Elizabeth Possell sold 4,444 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $48.08, for a total value of $213,667.52. Following the completion of the sale, the executive vice president now owns 30,009 shares of the company’s stock, valued at approximately $1,442,832.72. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CNA shares. StockNews.com raised shares of CNA Financial from a “hold” rating to a “buy” rating in a research note on Thursday, May 16th. Keefe, Bruyette & Woods increased their price target on shares of CNA Financial from $48.00 to $53.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st.

CNA Financial Trading Up 0.2 %

Shares of CNA Financial stock opened at $51.92 on Friday. CNA Financial Co. has a 52-week low of $37.95 and a 52-week high of $52.21. The firm has a market capitalization of $14.09 billion, a PE ratio of 11.34, a price-to-earnings-growth ratio of 3.34 and a beta of 0.64. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.27 and a quick ratio of 0.27. The company’s fifty day moving average price is $48.01 and its two-hundred day moving average price is $45.61.

CNA Financial (NYSE:CNA) last released its quarterly earnings data on Monday, July 29th. The insurance provider reported $1.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.19. CNA Financial had a return on equity of 14.02% and a net margin of 9.27%. The company had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the previous year, the business earned $1.13 earnings per share. On average, analysts expect that CNA Financial Co. will post 4.87 EPS for the current year.

CNA Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Monday, August 12th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend was Monday, August 12th. CNA Financial’s dividend payout ratio (DPR) is currently 38.43%.

About CNA Financial

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.