Deutsche Bank AG Purchases Shares of 102,517 CNA Financial Corporation $CNA

Key Points

• Deutsche Bank acquired 102,517 shares of CNA Financial in the second quarter, valued at approximately $5.0 million. Institutional investors collectively own 98.45% of the insurer’s stock.
• CNA reported quarterly earnings of $1.19 per share, exceeding the $1.08 consensus estimate, while revenue reached $3.83 billion versus analysts’ $2.97 billion forecast.
• The company declared a quarterly dividend of $0.48 per share, equivalent to $1.92 annually and a 3.9% yield. CNA shares opened at $49.13, down 1.1%, and analysts’ consensus rating is “Moderate Buy.”

Deutsche Bank AG acquired a new position in CNA Financial Corporation (NYSE:CNA - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 102,517 shares of the insurance provider's stock, valued at approximately $4,983,000.

Several other institutional investors also recently modified their holdings of CNA. AQR Capital Management LLC increased its position in shares of CNA Financial by 14.6% during the fourth quarter. AQR Capital Management LLC now owns 2,784,682 shares of the insurance provider's stock valued at $132,941,000 after purchasing an additional 354,076 shares during the period. First Trust Advisors LP lifted its position in CNA Financial by 34.6% in the first quarter. First Trust Advisors LP now owns 2,101,092 shares of the insurance provider's stock worth $96,482,000 after purchasing an additional 540,448 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in CNA Financial by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 890,953 shares of the insurance provider's stock worth $42,534,000 after buying an additional 2,348 shares in the last quarter. UBS Group AG boosted its stake in CNA Financial by 25.9% during the fourth quarter. UBS Group AG now owns 867,787 shares of the insurance provider's stock worth $41,428,000 after buying an additional 178,314 shares in the last quarter. Finally, CORDA Investment Management LLC. bought a new stake in CNA Financial in the 2nd quarter valued at $36,638,000. Institutional investors and hedge funds own 98.45% of the company's stock.

Insider Activity

In other news, CAO Daniel Paul Franzetti sold 22,656 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $53.09, for a total value of $1,202,807.04. Following the sale, the chief accounting officer owned 68,032 shares of the company's stock, valued at approximately $3,611,818.88. This represents a 24.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Steven James sold 8,273 shares of the stock in a transaction dated 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 owned 26,446 shares of the company's stock, valued at $1,405,604.90. This trade represents a 23.83% decrease in their position. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by corporate insiders.

CNA Financial Trading Down 1.1%

Shares of CNA opened at $49.13 on Wednesday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27. The stock has a market cap of $13.29 billion, a PE ratio of 10.80, a PEG ratio of 6.63 and a beta of 0.28. CNA Financial Corporation has a 1 year low of $41.53 and a 1 year high of $55.71. The stock has a 50 day simple moving average of $50.65 and a 200-day simple moving average of $47.80.

CNA Financial (NYSE:CNA - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The insurance provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.08 by $0.11. CNA Financial had a return on equity of 11.34% and a net margin of 8.16%.The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the previous year, the firm earned $1.23 EPS. On average, sell-side analysts predict that CNA Financial Corporation will post 4.19 EPS for the current fiscal year.

CNA Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Monday, August 17th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Monday, August 17th. CNA Financial's payout ratio is currently 42.20%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CNA. Weiss Ratings upgraded shares of CNA Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, July 17th. Zacks Research upgraded shares of CNA Financial from a "strong sell" rating to a "hold" rating in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

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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