Hsbc Holdings PLC Boosts Stock Position in CNA Financial Corporation $CNA

Hsbc Holdings PLC grew its position in shares of CNA Financial Corporation (NYSE:CNA - Free Report) by 1,190.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 155,228 shares of the insurance provider's stock after purchasing an additional 143,199 shares during the quarter. Hsbc Holdings PLC owned approximately 0.06% of CNA Financial worth $7,622,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Daiwa Securities Group Inc. grew its position in CNA Financial by 5.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,972 shares of the insurance provider's stock valued at $190,000 after acquiring an additional 211 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of CNA Financial by 6.8% in the 2nd quarter. Lazard Asset Management LLC now owns 3,957 shares of the insurance provider's stock worth $184,000 after acquiring an additional 253 shares during the last quarter. Focus Partners Wealth lifted its holdings in shares of CNA Financial by 2.9% in the 3rd quarter. Focus Partners Wealth now owns 9,305 shares of the insurance provider's stock worth $432,000 after acquiring an additional 258 shares during the last quarter. Whittier Trust Co. boosted its stake in shares of CNA Financial by 13.8% in the 1st quarter. Whittier Trust Co. now owns 2,275 shares of the insurance provider's stock valued at $105,000 after purchasing an additional 275 shares in the last quarter. Finally, Hudson Portfolio Management LLC boosted its stake in shares of CNA Financial by 0.8% in the 4th quarter. Hudson Portfolio Management LLC now owns 39,980 shares of the insurance provider's stock valued at $1,909,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 98.45% of the company's stock.

Insiders Place Their Bets

In other CNA Financial news, EVP Mark James sold 8,273 shares of the firm's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $53.15, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Daniel Franzetti sold 22,656 shares of the business's stock in a transaction dated 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 transaction, the chief accounting officer owned 68,032 shares in the company, valued at $3,611,818.88. The trade was a 24.98% decrease in their position. The SEC filing for this sale provides additional information. 0.29% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CNA has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of CNA Financial from a "buy (b-)" rating to a "buy (b)" rating in a research report 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 assigned a Hold rating to the company. According to data from MarketBeat, CNA Financial has an average rating of "Moderate Buy".

CNA Financial Stock Performance

Shares of CNA stock opened at $47.30 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 0.27. CNA Financial Corporation has a fifty-two week low of $41.53 and a fifty-two week high of $55.71. The stock has a 50 day moving average price of $51.00 and a two-hundred day moving average price of $47.75. The company has a market capitalization of $12.80 billion, a P/E ratio of 10.40, a PEG ratio of 6.37 and a beta of 0.27.

CNA Financial (NYSE:CNA - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The insurance provider reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.08 by $0.11. CNA Financial had a return on equity of 11.34% and a net margin of 8.16%.The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the prior year, the firm posted $1.23 earnings per share. Analysts expect that CNA Financial Corporation will post 4.19 earnings per share for the current year.

CNA Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Monday, August 17th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.92 annualized dividend and a yield of 4.1%. CNA Financial's dividend payout ratio is presently 42.20%.

CNA Financial Profile

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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