CNA Financial Corporation $CNA Stock Holdings Boosted by CORDA Investment Management LLC.

CORDA Investment Management LLC. lifted its stake in shares of CNA Financial Corporation (NYSE:CNA) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 684,838 shares of the insurance provider’s stock after acquiring an additional 18,856 shares during the quarter. CNA Financial accounts for 2.3% of CORDA Investment Management LLC.’s portfolio, making the stock its 19th largest holding. CORDA Investment Management LLC.’s holdings in CNA Financial were worth $31,866,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of CNA. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of CNA Financial in the first quarter worth about $887,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of CNA Financial by 37.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 27,934 shares of the insurance provider’s stock valued at $1,419,000 after purchasing an additional 7,665 shares during the period. SG Americas Securities LLC acquired a new stake in CNA Financial during the 1st quarter worth $470,000. Nisa Investment Advisors LLC increased its holdings in CNA Financial by 57.4% during the 1st quarter. Nisa Investment Advisors LLC now owns 38,120 shares of the insurance provider’s stock worth $1,936,000 after purchasing an additional 13,900 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of CNA Financial by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 556,695 shares of the insurance provider’s stock valued at $28,275,000 after acquiring an additional 11,019 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

CNA Financial Stock Up 0.9%

CNA Financial stock opened at $45.54 on Monday. CNA Financial Corporation has a twelve month low of $43.29 and a twelve month high of $51.42. The firm has a 50 day moving average price of $47.30 and a 200-day moving average price of $46.78. The company has a market capitalization of $12.33 billion, a P/E ratio of 14.19, a P/E/G ratio of 3.99 and a beta of 0.50. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.23.

CNA Financial (NYSE:CNA) last announced 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. The company had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $2.76 billion. CNA Financial had a net margin of 5.99% and a return on equity of 11.85%. During the same period in the prior year, the company posted $1.19 EPS. As a group, equities analysts predict that CNA Financial Corporation will post 4.64 EPS for the current year.

CNA Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, August 18th. CNA Financial’s dividend payout ratio (DPR) is currently 57.32%.

Insider Transactions at CNA Financial

In other news, 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 transaction of $289,062.50. Following the completion of the transaction, the chairman directly owned 680,588 shares of the company’s stock, valued at $31,477,195. The trade was a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Scott R. Lindquist sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $48.81, for a total transaction of $488,100.00. Following the sale, the chief financial officer owned 89,867 shares of the company’s stock, valued at $4,386,408.27. This trade represents a 10.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,880 shares of company stock valued at $1,493,865. 0.36% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of CNA Financial in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average price target of $53.00.

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.