Capula Management Ltd Has $690,000 Stock Holdings in CNA Financial Corporation $CNA

Capula Management Ltd cut its holdings in CNA Financial Corporation (NYSE:CNA) by 73.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,029 shares of the insurance provider’s stock after selling 41,482 shares during the period. Capula Management Ltd’s holdings in CNA Financial were worth $690,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Trust Advisors LP raised its holdings in CNA Financial by 34.6% in the 1st quarter. First Trust Advisors LP now owns 2,101,092 shares of the insurance provider’s stock worth $96,482,000 after acquiring an additional 540,448 shares during the period. Millennium Management LLC grew its stake in shares of CNA Financial by 409.1% in the third quarter. Millennium Management LLC now owns 604,963 shares of the insurance provider’s stock worth $28,107,000 after acquiring an additional 486,127 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in CNA Financial by 1,509,521.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 483,079 shares of the insurance provider’s stock worth $23,062,000 after acquiring an additional 483,047 shares during the period. M&T Bank Corp increased its position in CNA Financial by 8,100.7% during the fourth quarter. M&T Bank Corp now owns 484,580 shares of the insurance provider’s stock worth $23,134,000 after acquiring an additional 478,671 shares during the period. Finally, AQR Capital Management LLC raised its stake in CNA Financial by 14.6% during the 4th quarter. AQR Capital Management LLC now owns 2,784,682 shares of the insurance provider’s stock valued at $132,941,000 after purchasing an additional 354,076 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 17th. Zacks Research upgraded shares of CNA Financial from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 16th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, CNA Financial has an average rating of “Moderate Buy”.

CNA Financial Stock Performance

Shares of NYSE CNA opened at $52.13 on Friday. The business has a fifty day simple moving average of $46.94 and a 200 day simple moving average of $47.02. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $14.10 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 7.09 and a beta of 0.28. CNA Financial Corporation has a one year low of $41.53 and a one year high of $52.99.

CNA Financial (NYSE:CNA) last posted its quarterly earnings results on Monday, May 4th. The insurance provider reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.47). The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $2.93 billion. CNA Financial had a return on equity of 11.57% and a net margin of 8.08%.During the same quarter in the prior year, the firm earned $1.03 EPS. Sell-side analysts expect that CNA Financial Corporation will post 4.09 EPS for the current year.

CNA Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, May 18th. CNA Financial’s dividend payout ratio (DPR) is presently 42.95%.

About CNA Financial

CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.

Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.