Susquehanna Fundamental Investments LLC Has $2.40 Million Position in CNA Financial Corporation $CNA

Key Points

• Susquehanna Fundamental Investments cut its CNA Financial stake by 42.7% in the second quarter, selling 36,867 shares and retaining a position worth approximately $2.4 million. Institutional investors collectively own 98.45% of the company.
• CNA Financial reported quarterly earnings of $1.19 per share, beating the $1.08 consensus estimate, while revenue reached $3.83 billion. Analysts maintain a “Moderate Buy” consensus rating.
• The company declared a quarterly dividend of $0.48 per share, equivalent to $1.92 annually and a 4.0% yield. Two executives also sold shares in August, reducing their individual holdings by roughly 24% to 25%.

Susquehanna Fundamental Investments LLC cut its position in shares of CNA Financial Corporation (NYSE:CNA - Free Report) by 42.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,399 shares of the insurance provider's stock after selling 36,867 shares during the quarter. Susquehanna Fundamental Investments LLC's holdings in CNA Financial were worth $2,401,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CNA. Hsbc Holdings PLC boosted its position in CNA Financial by 1,190.4% during the 2nd quarter. Hsbc Holdings PLC now owns 155,228 shares of the insurance provider's stock worth $7,622,000 after acquiring an additional 143,199 shares during the last quarter. United Capital Financial Advisors LLC bought a new position in shares of CNA Financial during the 2nd quarter worth approximately $255,000. FSA Advisors Inc. acquired a new stake in shares of CNA Financial in the second quarter valued at approximately $306,000. Public Employees Retirement System of Ohio acquired a new stake in shares of CNA Financial in the second quarter valued at approximately $303,000. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of CNA Financial in the second quarter valued at approximately $274,000. Institutional investors and hedge funds own 98.45% of the company's stock.

Insider Buying and Selling at CNA Financial

In related news, CAO Daniel Paul Franzetti sold 22,656 shares of the business's stock in a transaction on 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 transaction, the chief accounting officer directly owned 68,032 shares in the company, valued at approximately $3,611,818.88. The trade was a 24.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark Steven James sold 8,273 shares of the company's stock in a transaction on 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 directly owned 26,446 shares in the company, valued at $1,405,604.90. This trade represents a 23.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CNA has been the subject of several recent research reports. Weiss Ratings upgraded shares of CNA Financial from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, July 17th. Zacks Research raised shares of CNA Financial from a "strong sell" rating to a "hold" rating in a research report on Thursday, July 16th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy".

CNA Financial Stock Performance

Shares of NYSE CNA opened at $48.60 on Wednesday. The stock has a 50 day moving average price of $50.99 and a 200 day moving average price of $47.78. CNA Financial Corporation has a 52 week low of $41.53 and a 52 week high of $55.71. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a market capitalization of $13.15 billion, a PE ratio of 10.68, a price-to-earnings-growth ratio of 6.48 and a beta of 0.27.

CNA Financial (NYSE:CNA - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The insurance provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.11. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $2.97 billion. CNA Financial had a return on equity of 11.34% and a net margin of 8.16%.During the same quarter in the previous year, the firm earned $1.23 EPS. Analysts predict that CNA Financial Corporation will post 4.19 earnings per share 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. Investors of record on Monday, August 17th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.92 annualized dividend and a dividend yield of 4.0%. CNA Financial's dividend payout ratio (DPR) is currently 42.20%.

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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