Stoneridge Investment Partners LLC Trims Holdings in CNA Financial Co. (NYSE:CNA)

Stoneridge Investment Partners LLC reduced its holdings in shares of CNA Financial Co. (NYSE:CNA) by 33.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 30,636 shares of the insurance provider’s stock after selling 15,458 shares during the period. Stoneridge Investment Partners LLC’s holdings in CNA Financial were worth $1,411,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in CNA Financial by 28.5% during the 1st quarter. GAMMA Investing LLC now owns 1,144 shares of the insurance provider’s stock valued at $52,000 after acquiring an additional 254 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of CNA Financial by 10.4% during the second quarter. Signaturefd LLC now owns 3,897 shares of the insurance provider’s stock worth $180,000 after purchasing an additional 366 shares during the period. Wakefield Asset Management LLLP grew its position in CNA Financial by 4.5% in the 2nd quarter. Wakefield Asset Management LLLP now owns 10,205 shares of the insurance provider’s stock valued at $470,000 after buying an additional 440 shares during the last quarter. Abich Financial Wealth Management LLC increased its stake in CNA Financial by 39.1% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,756 shares of the insurance provider’s stock valued at $80,000 after buying an additional 494 shares during the period. Finally, Hillsdale Investment Management Inc. raised its position in CNA Financial by 5.0% during the 1st quarter. Hillsdale Investment Management Inc. now owns 11,360 shares of the insurance provider’s stock worth $516,000 after buying an additional 540 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lifted their target price on shares of CNA Financial from $48.00 to $53.00 and gave the company a “market perform” rating in a report on Thursday, August 1st.

CNA Financial Trading Up 0.4 %

Shares of CNA stock opened at $50.18 on Friday. The business’s fifty day moving average price is $49.17 and its 200 day moving average price is $46.03. The firm has a market capitalization of $13.59 billion, a PE ratio of 10.96, a P/E/G ratio of 3.37 and a beta of 0.65. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.27 and a quick ratio of 0.27. CNA Financial Co. has a 1-year low of $37.95 and a 1-year high of $52.36.

CNA Financial (NYSE:CNA) last announced its quarterly earnings results on Monday, July 29th. The insurance provider reported $1.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.19. The business had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.08 billion. CNA Financial had a net margin of 9.27% and a return on equity of 14.02%. During the same quarter last year, the firm posted $1.13 EPS. As a group, sell-side analysts forecast that CNA Financial Co. will post 4.86 EPS for the current fiscal year.

CNA Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Monday, August 12th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.51%. CNA Financial’s payout ratio is 38.43%.

Insider Transactions at CNA Financial

In related news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $49.60, for a total value of $1,297,536.00. Following the completion of the transaction, the executive vice president now directly owns 47,744 shares of the company’s stock, valued at approximately $2,368,102.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other CNA Financial news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of CNA Financial stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $49.60, for a total transaction of $1,297,536.00. Following the completion of the transaction, the executive vice president now owns 47,744 shares in the company, valued at $2,368,102.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jane Elizabeth Possell sold 4,444 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $48.08, for a total transaction of $213,667.52. Following the completion of the sale, the executive vice president now owns 30,009 shares in the company, valued at $1,442,832.72. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

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.