Greenwood Capital Associates LLC Decreases Stake in CNA Financial Corporation $CNA

Greenwood Capital Associates LLC lessened its stake in CNA Financial Corporation (NYSE:CNA) by 2.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 20,574 shares of the insurance provider’s stock after selling 438 shares during the quarter. Greenwood Capital Associates LLC’s holdings in CNA Financial were worth $957,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in CNA. Charles Schwab Investment Management Inc. boosted its stake in shares of CNA Financial by 210.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 862,690 shares of the insurance provider’s stock valued at $43,816,000 after buying an additional 585,076 shares during the period. AQR Capital Management LLC boosted its stake in shares of CNA Financial by 21.4% in the 1st quarter. AQR Capital Management LLC now owns 2,355,192 shares of the insurance provider’s stock valued at $119,090,000 after buying an additional 415,856 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of CNA Financial in the 1st quarter valued at about $16,258,000. GAMMA Investing LLC boosted its stake in shares of CNA Financial by 5,501.5% in the 1st quarter. GAMMA Investing LLC now owns 114,887 shares of the insurance provider’s stock valued at $5,835,000 after buying an additional 112,836 shares during the period. Finally, Strs Ohio purchased a new stake in CNA Financial during the first quarter worth approximately $3,118,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of CNA Financial in a research note on Saturday, September 27th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $50.50.

CNA Financial Price Performance

Shares of NYSE CNA opened at $46.41 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.23. CNA Financial Corporation has a twelve month low of $43.29 and a twelve month high of $51.42. The stock has a 50 day moving average of $47.12 and a two-hundred day moving average of $47.08. The stock has a market cap of $12.56 billion, a P/E ratio of 14.46, a P/E/G ratio of 4.11 and a beta of 0.50.

CNA Financial (NYSE:CNA) last issued its quarterly earnings data on Monday, August 4th. The insurance provider reported $1.23 earnings per share 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 during the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the previous year, the business earned $1.19 earnings per share. On average, research analysts forecast that CNA Financial Corporation will post 4.64 earnings per share for the current year.

CNA Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were paid a $0.46 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.84 dividend on an annualized basis and a yield of 4.0%. CNA Financial’s payout ratio is currently 57.32%.

Insider Buying and Selling

In other CNA Financial news, CFO Scott R. Lindquist sold 8,380 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $48.98, for a total value of $410,452.40. Following the completion of the sale, the chief financial officer owned 81,487 shares in the company, valued at approximately $3,991,233.26. The trade was a 9.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Dino Robusto sold 6,250 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $46.25, for a total value of $289,062.50. Following the completion of the transaction, the chairman directly owned 680,588 shares in the company, valued at approximately $31,477,195. The trade was a 0.91% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,880 shares of company stock valued at $1,493,865. 0.30% of the stock is owned by company insiders.

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.