CNA Financial Corp Trims Holdings in Capital One Financial Corporation $COF

Key Points

• CNA Financial Corp cut its stake in Capital One by 50% in Q3, selling 50,000 shares and now holds 50,000 shares worth about $10.63 million, representing roughly 6.3% of CNA's portfolio and its 8th largest holding.
• Insiders have been net sellers, offloading 67,933 shares worth $14.36 million over the past three months, including notable sales by Jason P. Hanson (3,729 shares at $205) and Ravi Raghu (13,450 shares at $250).
• Capital One's fundamentals are mixed: market cap $111.8 billion and a PE of 60.7, a 1.8% dividend yield with a 108% payout ratio, and a recent quarterly EPS miss ($3.86 vs. $4.14) despite revenue rising 53.3% year-over-year.

CNA Financial Corp lowered its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 50.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,000 shares of the financial services provider's stock after selling 50,000 shares during the quarter. Capital One Financial accounts for about 6.3% of CNA Financial Corp's investment portfolio, making the stock its 8th biggest holding. CNA Financial Corp's holdings in Capital One Financial were worth $10,629,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock worth $2,423,000 after purchasing an additional 10,428 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Capital One Financial by 44.3% in the 1st quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider's stock valued at $1,608,000 after buying an additional 2,753 shares during the period. Sivia Capital Partners LLC increased its position in shares of Capital One Financial by 118.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider's stock valued at $702,000 after buying an additional 1,788 shares in the last quarter. SBI Securities Co. Ltd. increased its position in shares of Capital One Financial by 69.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,599 shares of the financial services provider's stock valued at $340,000 after buying an additional 654 shares in the last quarter. Finally, Good Life Advisors LLC acquired a new stake in Capital One Financial during the 2nd quarter worth $216,000. Institutional investors own 89.84% of the company's stock.

Insider Buying and Selling

In related news, insider Jason P. Hanson sold 3,729 shares of Capital One Financial stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $205.00, for a total value of $764,445.00. Following the sale, the insider owned 40,230 shares of the company's stock, valued at approximately $8,247,150. The trade was a 8.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ravi Raghu sold 13,450 shares of the company's stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $250.00, for a total value of $3,362,500.00. Following the sale, the insider owned 30,337 shares in the company, valued at $7,584,250. The trade was a 30.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 67,933 shares of company stock worth $14,363,897 over the last three months. Company insiders own 1.26% of the company's stock.

Capital One Financial Stock Performance

Shares of COF stock opened at $179.76 on Friday. The company's fifty day simple moving average is $215.61 and its 200-day simple moving average is $220.86. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. The firm has a market cap of $111.80 billion, a PE ratio of 60.73, a P/E/G ratio of 0.54 and a beta of 1.14. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $259.64.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing analysts' consensus estimates of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. During the same quarter in the prior year, the company posted $2.67 earnings per share. Capital One Financial's revenue for the quarter was up 53.3% on a year-over-year basis. Equities research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Thursday, February 19th. Capital One Financial's dividend payout ratio is currently 108.11%.

Analyst Ratings Changes

COF has been the topic of several recent analyst reports. Barclays reduced their target price on Capital One Financial from $294.00 to $287.00 and set an "overweight" rating on the stock in a report on Friday, January 23rd. Jefferies Financial Group raised their price target on Capital One Financial from $265.00 to $275.00 and gave the stock a "buy" rating in a research report on Wednesday, December 10th. Weiss Ratings reiterated a "hold (c)" rating on shares of Capital One Financial in a report on Monday, December 29th. Zacks Research lowered Capital One Financial from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 24th. Finally, JPMorgan Chase & Co. increased their target price on Capital One Financial from $237.00 to $256.00 and gave the stock a "neutral" rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Capital One Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $274.70.

About Capital One Financial

Capital One Financial Corporation NYSE: COF is a diversified bank holding company headquartered in McLean, Virginia. The company's core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.

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