CORDA Investment Management LLC. Has $31.87 Million Position in CNA Financial Corporation $CNA

Key Points

• CORDA Investment Management LLC increased its stake in CNA Financial Corporation by 2.8% during the second quarter, now holding 684,838 shares, valued at approximately $31.87 million.
• CNA Financial has announced a quarterly dividend of $0.46 per share, resulting in an annualized dividend yield of 4.0%.
• The company recently reported earnings of $1.23 per share, surpassing analysts' expectations of $0.94, with revenue totaling $3.37 billion for the quarter.

CORDA Investment Management LLC. grew its stake in shares of CNA Financial Corporation (NYSE:CNA - Free Report) by 2.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 684,838 shares of the insurance provider's stock after acquiring an additional 18,856 shares during the period. CNA Financial accounts for 2.3% of CORDA Investment Management LLC.'s investment portfolio, making the stock its 19th biggest holding. CORDA Investment Management LLC. owned 0.25% of CNA Financial worth $31,866,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of CNA Financial during the first quarter worth approximately $887,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of CNA Financial by 37.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 27,934 shares of the insurance provider's stock worth $1,419,000 after purchasing an additional 7,665 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of CNA Financial during the first quarter worth $470,000. Nisa Investment Advisors LLC increased its stake in CNA Financial by 57.4% in the 1st quarter. Nisa Investment Advisors LLC now owns 38,120 shares of the insurance provider's stock valued at $1,936,000 after buying an additional 13,900 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in CNA Financial by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 556,695 shares of the insurance provider's stock valued at $28,275,000 after buying an additional 11,019 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Transactions at CNA Financial

In related news, Chairman Dino Robusto sold 6,250 shares of the company's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $46.25, for a total value of $289,062.50. Following the sale, the chairman owned 680,588 shares in the company, valued at $31,477,195. This represents a 0.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Scott R. Lindquist sold 8,380 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $48.98, for a total value of $410,452.40. Following the transaction, the chief financial officer directly owned 81,487 shares of the company's stock, valued at approximately $3,991,233.26. The trade was a 9.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,880 shares of company stock worth $1,493,865 in the last 90 days. Insiders own 0.36% of the company's stock.

CNA Financial Stock Up 0.9%

Shares of CNA Financial stock opened at $45.54 on Monday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.23. The company's fifty day simple moving average is $47.30 and its two-hundred day simple moving average is $46.78. The company has a market cap of $12.33 billion, a P/E ratio of 14.19, a PEG ratio of 3.99 and a beta of 0.50. CNA Financial Corporation has a 12-month low of $43.29 and a 12-month high of $51.42.

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

CNA Financial Dividend Announcement

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

CNA Financial Company Profile

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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