Cyndeo Wealth Partners LLC Has $7.25 Million Position in CNA Financial Corporation $CNA

Key Points

• Cyndeo Wealth Partners LLC increased its holdings in CNA Financial Corporation by 7.0%, owning 155,909 shares valued at approximately $7.25 million as of the end of the 2nd quarter.
• Insiders have sold a total of 30,880 shares of CNA Financial stock worth about $1.49 million over the last quarter, with significant sales from the Chairman and CFO.
• Wall Street analysts have restated a "hold" rating on CNA Financial shares, with an average price target set at $53.00.

Cyndeo Wealth Partners LLC boosted its holdings in CNA Financial Corporation (NYSE:CNA - Free Report) by 7.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 155,909 shares of the insurance provider's stock after purchasing an additional 10,209 shares during the quarter. Cyndeo Wealth Partners LLC owned about 0.06% of CNA Financial worth $7,254,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CNA. Merit Financial Group LLC grew its position in CNA Financial by 62.1% in the 1st quarter. Merit Financial Group LLC now owns 6,965 shares of the insurance provider's stock valued at $354,000 after purchasing an additional 2,667 shares during the period. Pallas Capital Advisors LLC lifted its stake in CNA Financial by 69.3% during the 1st quarter. Pallas Capital Advisors LLC now owns 13,150 shares of the insurance provider's stock valued at $668,000 after acquiring an additional 5,383 shares in the last quarter. GAMMA Investing LLC lifted its stake in CNA Financial by 10.3% during the 1st quarter. GAMMA Investing LLC now owns 2,262 shares of the insurance provider's stock valued at $115,000 after acquiring an additional 211 shares in the last quarter. SG Americas Securities LLC bought a new position in CNA Financial during the 1st quarter valued at $470,000. Finally, Greenwood Capital Associates LLC lifted its stake in CNA Financial by 10.5% during the 1st quarter. Greenwood Capital Associates LLC now owns 21,012 shares of the insurance provider's stock valued at $1,067,000 after acquiring an additional 1,997 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Insiders Place Their Bets

In other news, Chairman Dino Robusto sold 6,250 shares of CNA Financial stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $46.25, for a total transaction of $289,062.50. Following the sale, the chairman directly owned 680,588 shares in the company, valued at $31,477,195. The trade was a 0.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Scott R. Lindquist sold 8,380 shares of CNA Financial stock in a transaction 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 sale, the chief financial officer owned 81,487 shares in the company, valued at $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 a total of 30,880 shares of company stock worth $1,493,865 over the last quarter. Company insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

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

CNA Financial Price Performance

Shares of NYSE:CNA opened at $46.11 on Friday. The stock has a market cap of $12.48 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 4.16 and a beta of 0.50. CNA Financial Corporation has a 1-year low of $43.29 and a 1-year high of $51.42. 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 stock's fifty day simple moving average is $47.31 and its two-hundred day simple moving average is $47.01.

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

CNA Financial Dividend Announcement

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