CNA Financial Corporation $CNA Shares Newly Acquired by 1834 Investment Advisors Co.

Key Points

• 1834 Investment Advisors acquired 49,339 CNA Financial shares worth approximately $2.21 million during the third quarter. Institutional investors collectively own 98.45% of the company.
• CNA Financial reported quarterly earnings of $1.19 per share, beating the $1.08 consensus estimate, while revenue reached $3.83 billion versus expectations of $2.97 billion.
• The company paid a quarterly dividend of $0.48 per share, equivalent to an annualized $1.92 dividend and a 4.0% yield. Shares opened at $47.84, within a 52-week range of $41.53 to $55.71.

1834 Investment Advisors Co. acquired a new position in shares of CNA Financial Corporation (NYSE:CNA - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 49,339 shares of the insurance provider's stock, valued at approximately $2,214,000.

Several other hedge funds also recently modified their holdings of the company. NFSG Corp bought a new stake in shares of CNA Financial during the third quarter worth $44,000. Affinity Capital Advisors LLC acquired a new stake in shares of CNA Financial in the third quarter valued at $227,000. NorthCrest Asset Manangement LLC raised its holdings in shares of CNA Financial by 97.0% in the third quarter. NorthCrest Asset Manangement LLC now owns 13,049 shares of the insurance provider's stock valued at $609,000 after buying an additional 6,425 shares during the last quarter. Wedmont Private Capital bought a new position in shares of CNA Financial in the third quarter valued at about $321,000. Finally, Farther Finance Advisors LLC lifted its position in CNA Financial by 226.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 17,656 shares of the insurance provider's stock worth $792,000 after buying an additional 12,242 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Insider Buying and Selling

In other CNA Financial news, CAO Daniel Franzetti sold 22,656 shares of CNA Financial stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $53.09, for a total transaction of $1,202,807.04. Following the completion of the sale, the chief accounting officer owned 68,032 shares of the company's stock, valued at approximately $3,611,818.88. The trade was a 24.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark James sold 8,273 shares of CNA Financial stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $53.15, for a total transaction of $439,709.95. Following the sale, the executive vice president directly owned 26,446 shares of the company's stock, valued at $1,405,604.90. This represents a 23.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is currently owned by company insiders.

CNA Financial Stock Performance

CNA Financial stock opened at $47.84 on Friday. The company has a market cap of $12.95 billion, a PE ratio of 10.51, a PEG ratio of 5.33 and a beta of 0.26. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27. CNA Financial Corporation has a 1 year low of $41.53 and a 1 year high of $55.71. The company's 50-day moving average is $48.07 and its two-hundred day moving average is $47.71.

CNA Financial (NYSE:CNA - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The insurance provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.08 by $0.11. The company had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $2.97 billion. CNA Financial had a net margin of 8.16% and a return on equity of 11.34%. During the same quarter in the previous year, the company earned $1.23 EPS. Equities analysts anticipate that CNA Financial Corporation will post 4.24 earnings per share for the current year.

CNA Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Monday, August 17th were paid a $0.48 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.92 dividend on an annualized basis and a yield of 4.0%. CNA Financial's dividend payout ratio (DPR) is presently 42.20%.

Wall Street Analyst Weigh In

CNA has been the subject of a number of research analyst reports. Weiss Ratings downgraded shares of CNA Financial from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, October 2nd. Zacks Research raised shares of CNA Financial from a "strong sell" rating to a "hold" rating in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

CNA Financial Profile

CNA Financial Corporation NYSE: CNA is a commercial property and casualty insurance company headquartered in Chicago, Illinois. Through its CNA Insurance operations, the company provides insurance products and risk-management services to businesses, professional organizations and other commercial customers.

CNA's offerings include commercial property and casualty coverage, specialty insurance, professional liability, management liability, cyber insurance, workers' compensation, marine insurance, surety and other risk solutions.

Want to see what other hedge funds are holding CNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNA Financial Corporation (NYSE:CNA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.