12,026 Shares in CNA Financial Corporation $CNA Bought by Kiker Wealth Management LLC

Key Points

• Kiker Wealth Management LLC acquired 12,026 shares of CNA Financial Corporation for approximately $560,000, reflecting a new investment reported in their recent SEC filing.
• CNA Financial reported earnings of $1.23 per share, surpassing estimates by $0.29, and recorded revenue of $3.37 billion for the recent quarter.
• The company announced a quarterly dividend of $0.46 per share, with a dividend yield of 4.0% and a payout ratio of 57.32%.

Kiker Wealth Management LLC bought a new position in shares of CNA Financial Corporation (NYSE:CNA - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 12,026 shares of the insurance provider's stock, valued at approximately $560,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CNA. Charles Schwab Investment Management Inc. grew its stake in CNA Financial by 210.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 862,690 shares of the insurance provider's stock worth $43,816,000 after purchasing an additional 585,076 shares in the last quarter. AQR Capital Management LLC lifted its holdings in CNA Financial by 21.4% during the 1st quarter. AQR Capital Management LLC now owns 2,355,192 shares of the insurance provider's stock worth $119,090,000 after buying an additional 415,856 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of CNA Financial during the 1st quarter worth about $16,258,000. Strs Ohio purchased a new position in shares of CNA Financial in the 1st quarter valued at about $3,118,000. Finally, AlphaQuest LLC raised its position in shares of CNA Financial by 56,264.8% during the 1st quarter. AlphaQuest LLC now owns 59,183 shares of the insurance provider's stock worth $3,006,000 after acquiring an additional 59,078 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

CNA Financial Stock Down 0.3%

CNA Financial stock opened at $46.54 on Tuesday. CNA Financial Corporation has a fifty-two week low of $43.29 and a fifty-two week high of $51.42. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market capitalization of $12.60 billion, a P/E ratio of 14.50, a PEG ratio of 4.16 and a beta of 0.50. The stock has a 50-day simple moving average of $47.38 and a 200-day simple moving average of $46.91.

CNA Financial (NYSE:CNA - Get Free Report) last posted its earnings results on Monday, August 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.29. CNA Financial had a return on equity of 11.85% and a net margin of 5.99%.The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the previous year, the business earned $1.19 EPS. Equities research analysts expect that CNA Financial Corporation will post 4.64 earnings per share for the current year.

CNA Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, August 18th. CNA Financial's payout ratio is presently 57.32%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of CNA Financial in a report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $53.00.

Insider Activity

In other news, Chairman Dino Robusto sold 6,250 shares of the business's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $46.25, for a total value of $289,062.50. Following the completion of the sale, the chairman directly owned 680,588 shares of the company's stock, valued at approximately $31,477,195. The trade was a 0.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Scott R. Lindquist sold 8,380 shares of the company's stock in a transaction that occurred on 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 directly owned 81,487 shares of the company's stock, valued at approximately $3,991,233.26. This represents a 9.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,880 shares of company stock valued at $1,493,865 over the last three months. Company insiders own 0.36% of the company's stock.

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.

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