CNA Financial Corporation $CNA Shares Purchased by Tudor Investment Corp ET AL

Key Points

• Tudor Investment Corp increased its stake in CNA by 125.1% in Q3, rising to 164,121 shares worth about $7.63 million (roughly 0.06% of the company).
• CNA reported Q results with EPS of $1.16 (missing estimates by $0.04) while revenue beat at $3.83 billion, and the company paid a $2.00 annual dividend to shareholders of record on Feb. 23.
• SVP Jeffrey Neuenschwander sold 3,287 shares on Mar. 19 (a 31.12% reduction in his holdings); institutional investors own about 98.45% of the stock while insiders hold roughly 0.30%.

Tudor Investment Corp ET AL increased its stake in shares of CNA Financial Corporation (NYSE:CNA - Free Report) by 125.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 164,121 shares of the insurance provider's stock after acquiring an additional 91,205 shares during the period. Tudor Investment Corp ET AL owned about 0.06% of CNA Financial worth $7,625,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alpine Bank Wealth Management grew its holdings in CNA Financial by 70.0% during the third quarter. Alpine Bank Wealth Management now owns 556 shares of the insurance provider's stock worth $26,000 after acquiring an additional 229 shares during the period. Covestor Ltd boosted its position in CNA Financial by 129.7% during the third quarter. Covestor Ltd now owns 712 shares of the insurance provider's stock worth $33,000 after purchasing an additional 402 shares in the last quarter. Ameriflex Group Inc. boosted its position in CNA Financial by 100.0% during the third quarter. Ameriflex Group Inc. now owns 820 shares of the insurance provider's stock worth $38,000 after purchasing an additional 410 shares in the last quarter. Rothschild Investment LLC purchased a new position in CNA Financial during the third quarter worth approximately $48,000. Finally, State of Wyoming purchased a new position in CNA Financial during the second quarter worth approximately $53,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on CNA. Wall Street Zen downgraded CNA Financial from a "buy" rating to a "hold" rating in a research report on Sunday, February 15th. Weiss Ratings upgraded CNA Financial from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, February 5th. Finally, Zacks Research downgraded CNA Financial from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 1st. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy".

Insider Buying and Selling at CNA Financial

In other news, SVP Jeffrey John Neuenschwander sold 3,287 shares of the firm's stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $45.97, for a total value of $151,103.39. Following the transaction, the senior vice president owned 7,277 shares in the company, valued at $334,523.69. This trade represents a 31.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.30% of the stock is currently owned by company insiders.

CNA Financial Stock Performance

Shares of CNA stock opened at $46.51 on Wednesday. The company has a market capitalization of $12.55 billion, a P/E ratio of 9.92, a P/E/G ratio of 6.70 and a beta of 0.35. The business's 50 day moving average is $47.56 and its two-hundred day moving average is $46.69. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.26. CNA Financial Corporation has a 12-month low of $43.29 and a 12-month high of $50.72.

CNA Financial (NYSE:CNA - Get Free Report) last issued its quarterly earnings results on Monday, February 9th. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.20 by ($0.04). The business had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $2.88 billion. CNA Financial had a return on equity of 12.23% and a net margin of 8.53%.During the same quarter in the prior year, the company posted $1.25 EPS. Analysts expect that CNA Financial Corporation will post 4.64 EPS for the current fiscal year.

CNA Financial Announces Dividend

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

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.

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