Two Sigma Investments LP Raises Stock Position in CNA Financial Co. (NYSE:CNA)

Two Sigma Investments LP boosted its stake in shares of CNA Financial Co. (NYSE:CNA - Free Report) by 13.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,961 shares of the insurance provider's stock after acquiring an additional 18,636 shares during the quarter. Two Sigma Investments LP owned 0.06% of CNA Financial worth $7,447,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Merit Financial Group LLC acquired a new stake in CNA Financial in the fourth quarter worth $208,000. Blue Trust Inc. raised its stake in CNA Financial by 95.0% during the 4th quarter. Blue Trust Inc. now owns 7,089 shares of the insurance provider's stock worth $347,000 after buying an additional 3,454 shares during the period. Silver Oak Securities Incorporated acquired a new stake in CNA Financial during the 4th quarter worth $281,000. Measured Wealth Private Client Group LLC lifted its holdings in CNA Financial by 2.7% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 13,977 shares of the insurance provider's stock worth $676,000 after acquiring an additional 372 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in CNA Financial in the fourth quarter valued at about $255,000. 98.45% of the stock is owned by institutional investors.

Insider Activity at CNA Financial

In other CNA Financial news, Chairman Dino Robusto purchased 3,896 shares of the business's stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $47.63 per share, for a total transaction of $185,566.48. Following the purchase, the chairman now owns 724,338 shares of the company's stock, valued at approximately $34,500,218.94. This represents a 0.54% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark Steven James sold 5,015 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $48.35, for a total transaction of $242,475.25. Following the sale, the executive vice president now directly owns 27,059 shares of the company's stock, valued at approximately $1,308,302.65. This trade represents a 15.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,756 shares of company stock valued at $1,801,876. 0.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on CNA. Keefe, Bruyette & Woods cut their price target on CNA Financial from $54.00 to $53.00 and set a "market perform" rating on the stock in a report on Wednesday, February 12th. Wall Street Zen lowered CNA Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th.

CNA Financial Trading Up 0.0%

CNA Financial stock traded up $0.02 during mid-day trading on Friday, hitting $47.63. 52,097 shares of the stock were exchanged, compared to its average volume of 325,902. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $12.89 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 9.23 and a beta of 0.53. The firm's fifty day simple moving average is $48.21 and its two-hundred day simple moving average is $48.55. CNA Financial Co. has a 12 month low of $42.85 and a 12 month high of $52.36.

CNA Financial (NYSE:CNA - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The insurance provider reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.13). CNA Financial had a return on equity of 12.90% and a net margin of 6.72%. The business had revenue of $3.63 billion during the quarter, compared to analysts' expectations of $3.68 billion. During the same period in the prior year, the firm posted $1.30 EPS. Analysts forecast that CNA Financial Co. will post 4.64 EPS for the current year.

CNA Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be given a $0.46 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.86%. CNA Financial's dividend payout ratio is currently 56.10%.

About CNA Financial

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.