Jacobs Levy Equity Management Inc. Takes $16.26 Million Position in CNA Financial Corporation $CNA

Jacobs Levy Equity Management Inc. purchased a new stake in CNA Financial Corporation (NYSE:CNA) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 320,106 shares of the insurance provider’s stock, valued at approximately $16,258,000.

A number of other institutional investors also recently modified their holdings of the company. Gotham Asset Management LLC lifted its holdings in shares of CNA Financial by 34.7% in the first quarter. Gotham Asset Management LLC now owns 218,018 shares of the insurance provider’s stock valued at $11,073,000 after purchasing an additional 56,160 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of CNA Financial by 21.4% in the first quarter. AQR Capital Management LLC now owns 2,355,192 shares of the insurance provider’s stock valued at $119,090,000 after purchasing an additional 415,856 shares in the last quarter. Amundi lifted its holdings in shares of CNA Financial by 5.3% in the first quarter. Amundi now owns 7,787 shares of the insurance provider’s stock valued at $395,000 after purchasing an additional 389 shares in the last quarter. Focus Partners Advisor Solutions LLC bought a new stake in shares of CNA Financial in the first quarter valued at about $222,000. Finally, Ieq Capital LLC lifted its holdings in shares of CNA Financial by 35.3% in the first quarter. Ieq Capital LLC now owns 112,142 shares of the insurance provider’s stock valued at $5,696,000 after purchasing an additional 29,249 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Scott R. Lindquist sold 8,380 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $48.98, for a total transaction of $410,452.40. Following the sale, the chief financial officer owned 81,487 shares in the company, valued at approximately $3,991,233.26. This represents a 9.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Dino Robusto sold 6,250 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $49.00, for a total value of $306,250.00. Following the sale, the chairman owned 686,838 shares in the company, valued at $33,655,062. The trade was a 0.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,630 shares of company stock worth $1,204,802 in the last quarter. 0.30% of the stock is currently owned by corporate insiders.

CNA Financial Stock Performance

Shares of CNA Financial stock opened at $48.00 on Friday. The firm has a market cap of $12.99 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 4.29 and a beta of 0.54. The stock’s 50-day moving average is $46.38 and its 200-day moving average is $47.36. CNA Financial Corporation has a one year low of $43.29 and a one year high of $51.91. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.27 and a quick ratio of 0.27.

CNA Financial (NYSE:CNA) last issued its quarterly earnings results on Monday, August 4th. The insurance provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.29. CNA Financial had a return on equity of 11.85% and a net margin of 5.99%.The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period in the previous year, the company posted $1.19 earnings per share. Equities analysts predict that CNA Financial Corporation will post 4.64 earnings per share for the current fiscal year.

CNA Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.8%. The ex-dividend date was Monday, August 18th. CNA Financial’s dividend payout ratio is presently 57.32%.

CNA Financial 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.